Armac Locacao Logistica e Servicos (BSP:ARML3) LT-Debt-to-Total-Asset : 0.53 (As of Mar. 2024)

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What is Armac Locacao Logistica e Servicos 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. Armac Locacao Logistica e Servicos's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.53.

Armac Locacao Logistica e Servicos's long-term debt to total assets ratio declined from Mar. 2023 (0.55) to Mar. 2024 (0.53). It may suggest that Armac Locacao Logistica e Servicos is progressively becoming less dependent on debt to grow their business.

Armac Locacao Logistica e Servicos LT-Debt-to-Total-Asset Historical Data

The historical data trend for Armac Locacao Logistica e Servicos'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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Armac Locacao Logistica e Servicos LT-Debt-to-Total-Asset Chart

Armac Locacao Logistica e Servicos Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.39

0.55

0.53

0.56

0.47

Armac Locacao Logistica e Servicos Quarterly Data
	Dec18	Dec19	Mar20	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													0.55	0.55	0.52	0.47	0.53

Armac Locacao Logistica e Servicos LT-Debt-to-Total-Asset Calculation

Armac Locacao Logistica e Servicos'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 )
	=	1866.845	/	3982.727
	=	0.47

Armac Locacao Logistica e Servicos'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 )
	=	2508.148	/	4720.351
	=	0.53

Armac Locacao Logistica e Servicos (BSP:ARML3) 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.

Armac Locacao Logistica e Servicos LT-Debt-to-Total-Asset Related Terms

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Armac Locacao Logistica e Servicos (BSP:ARML3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Armac Locacao Logistica e Servicos SA (BSP:ARML3) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Avenue Marcos Penteado de Ulhoa Rodrigues, 939, Jatoba Building, 7th Floor, Tambore, Barueri, SP, BRA, 06460

Website

https://www.armac.com.br

Armac Locacao Logistica e Servicos SA is engaged in offering machinery and equipment on a rental basis. Some of its equipment includes pavers, telescopic handlers, Compaction rollers, Motor graders, crawler tractors, excavators, and Loaders among others.

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