Freeport-McMoRan's Debt Overview
Portfolio Pulse from Benzinga Insights
Over the past three months, shares of Freeport-McMoRan Inc. (NYSE:FCX) increased by 10.99%. The company's total debt stands at $9.63 billion, with $9.59 billion in long-term debt and $49.00 million in current debt. After adjusting for $6.85 billion in cash-equivalents, the net debt is $2.78 billion. The debt-ratio, considering the company's total assets of $50.91 billion, is at 0.19, indicating a moderate level of financial leverage.
July 21, 2023 | 1:00 pm
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Freeport-McMoRan's shares have seen a 10.99% increase over the past three months. The company's net debt is $2.78 billion, with a debt-ratio of 0.19, indicating a moderate level of financial leverage.
The increase in Freeport-McMoRan's share price over the past three months indicates positive investor sentiment. The company's moderate debt-ratio suggests it has a balanced capital structure, which could be attractive to investors seeking stability. However, the level of debt could also pose risks if interest rates were to increase.
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