Ferroglobe (Ferroglobe) LT-Debt-to-Total-Asset : 0.04 (As of Mar. 2024)

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What is Ferroglobe LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Ferroglobe's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.04.

Ferroglobe's long-term debt to total assets ratio declined from Mar. 2023 (0.17) to Mar. 2024 (0.04). It may suggest that Ferroglobe is progressively becoming less dependent on debt to grow their business.

Ferroglobe LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ferroglobe's LT-Debt-to-Total-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Ferroglobe LT-Debt-to-Total-Asset Chart

Ferroglobe Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.31

0.29

0.28

0.20

0.14

Ferroglobe Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.17	0.18	0.10	0.14	0.04

Ferroglobe LT-Debt-to-Total-Asset Calculation

Ferroglobe's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	244.009	/	1758.77
	=	0.14

Ferroglobe's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	69.004	/	1638.866
	=	0.04

Ferroglobe (NAS:GSM) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Ferroglobe LT-Debt-to-Total-Asset Related Terms

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Ferroglobe (Ferroglobe) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ferroglobe PLC (NAS:GSM) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

5FG:Germany

Address

13 Chesterfield Street, London, GBR, W1J 5JN

Website

https://www.ferroglobe.com

Ferroglobe PLC provides silicon-based alloys and specialty metals. It produces silicon metal and silicon and manganese-based alloy, serving customers in the specialty chemical, aluminum, solar, steel and ductile iron foundry industries. The company's business segments include North America - Silicon; Europe - Manganese; Europe - Silicon; South Africa - Silicon and Other segments The primary raw materials company uses to produce its electrometallurgy products includes its coal and quartz mining operations and its silicon metal and ferroalloy production.