Freeport-McMoran Copper & Gold Inc (FCX)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 54,848,000 | 52,506,000 | 51,093,000 | 48,022,000 | 42,144,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $54,848,000K
= 0.00
The debt-to-assets ratio of Freeport-McMoran Copper & Gold Inc has remained consistently at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has no debt in relation to its total assets during this period. A debt-to-assets ratio of 0.00 signifies that all of the company's assets are financed by equity rather than debt. This may suggest a strong financial position and lower financial risk, as the company is not relying on borrowed funds to support its operations or growth.
Peer comparison
Dec 31, 2024
Company name
Symbol
Debt-to-assets ratio
Freeport-McMoran Copper & Gold Inc
FCX
0.00
Cleveland-Cliffs Inc
CLF
0.34
MP Materials Corp
MP
0.00