Cementos Argos S.A. (BOG:PFCEMARGOS.PFD) LT-Debt-to-Total-Asset : 0.14 (As of Sep. 2023)

View and export this data going back to 1981. Start your Free Trial

What is Cementos Argos S.A. 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. Cementos Argos S.A.'s long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.14.

Cementos Argos S.A.'s long-term debt to total assets ratio declined from Sep. 2022 (0.15) to Sep. 2023 (0.14). It may suggest that Cementos Argos S.A. is progressively becoming less dependent on debt to grow their business.

Cementos Argos S.A. LT-Debt-to-Total-Asset Historical Data

The historical data trend for Cementos Argos S.A.'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.

* Premium members only.

Cementos Argos S.A. LT-Debt-to-Total-Asset Chart

Cementos Argos S.A. Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.32

0.34

0.35

0.26

0.28

Cementos Argos S.A. Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.15	0.28	0.28	0.15	0.14

Cementos Argos S.A. LT-Debt-to-Total-Asset Calculation

Cementos Argos S.A.'s Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	6423960	/	23265932
	=	0.28

Cementos Argos S.A.'s Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	2980994	/	20727961
	=	0.14

Cementos Argos S.A. (BOG:PFCEMARGOS.PFD) 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.

Cementos Argos S.A. LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Cementos Argos S.A.'s LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Cementos Argos S.A. (BOG:PFCEMARGOS.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Cementos Argos S.A. (BOG:PFCEMARGOS.PFD) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

CMTOY:USA CEMARGOS:Columbia

Address

Carrera 53 No. 106 - 280, Centro Empresarial Buenavista, Piso 17, Barranquilla, COL

Website

https://www.argos.co

Cementos Argos S.A. is a cement producing company. In terms of the concrete business it is Colombia's leading producer and the second-largest producer in the United States. The company's corporate purpose is the exploitation of the cement industry, the production of concrete mixes and any other materials or items made of cement, lime or clay, the acquisition and exploitation of minerals or deposits of exploitable minerals in the cement industry and similar rights to explore and mine the aforementioned minerals, whether by concession, privilege, lease or other title.

Cementos Argos S.A. (BOG:PFCEMARGOS.PFD) Headlines

No Headlines