Freeport-McMoran Copper & Gold Inc (FCX)
Debt-to-assets ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 54,848,000 | 55,400,000 | 54,635,000 | 54,198,000 | 52,506,000 | 51,648,000 | 50,907,000 | 50,909,000 | 51,093,000 | 49,927,000 | 50,113,000 | 48,832,000 | 48,022,000 | 46,917,000 | 45,436,000 | 43,643,000 | 42,144,000 | 41,099,000 | 40,230,000 | 40,219,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 for Freeport-McMoran Copper & Gold Inc shows a consistent value of 0.00 across all quarters from March 31, 2020, to December 31, 2024. This indicates that the company has maintained a debt level relative to its total assets that is negligible or non-existent. A debt-to-assets ratio of 0.00 typically suggests that the company operates with minimal debt financing and relies more on equity financing. In the case of Freeport-McMoran Copper & Gold Inc, the consistent 0.00 ratio signifies a strong financial position with a relatively low level of debt relative to its total assets over the period analyzed.
Peer comparison
Dec 31, 2024
See also:
Freeport-McMoran Copper & Gold Inc Debt to Assets (Quarterly Data)