BlueLinx Holdings (BlueLinx Holdings) LT-Debt-to-Total-Asset : 0.39 (As of Dec. 2023)

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What is BlueLinx Holdings 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. BlueLinx Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.39.

BlueLinx Holdings's long-term debt to total assets ratio declined from Dec. 2022 (0.40) to Dec. 2023 (0.39). It may suggest that BlueLinx Holdings is progressively becoming less dependent on debt to grow their business.

BlueLinx Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for BlueLinx Holdings'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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BlueLinx Holdings LT-Debt-to-Total-Asset Chart

BlueLinx Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.72

0.61

0.46

0.40

0.39

BlueLinx Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.40	0.39	0.38	0.38	0.39

BlueLinx Holdings LT-Debt-to-Total-Asset Calculation

BlueLinx Holdings'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 )
	=	600.51	/	1537.601
	=	0.39

BlueLinx Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	600.51	/	1537.601
	=	0.39

BlueLinx Holdings (NYSE:BXC) 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.

BlueLinx Holdings LT-Debt-to-Total-Asset Related Terms

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BlueLinx Holdings (BlueLinx Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » BlueLinx Holdings Inc (NYSE:BXC) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

FZG1:Germany

Address

1950 Spectrum Circle, Suite 300, Marietta, GA, USA, 30067

Website

https://www.bluelinxco.com

BlueLinx Holdings Inc is engaged in the wholesale distribution of residential and commercial building products. Its business products are split into two categories: Structural products include items such as lumber, plywood, oriented strand board, rebar, and remesh and Specialty products include items such as engineered wood, siding, millwork, outdoor living, specialty lumber and panels, and industrial products. The company's operations are carried out throughout the United States.

Executives

Kimberly Ann Debrock	officer: VP & CHIEF ACCOUNTING OFFICER	3460 PRESTON RIDGE ROAD, SUITE 600, ALPHARETTA GA 30005
Mitchell B Lewis	director, officer: President And CEO	4300 WILDWOOD PARKWAY, ATLANTA GA 30339
Wamser R Andrew Jr	officer: SVP & CHIEF FINANCIAL OFFICER	C/O SCHWEITZER-MAUDUIT INTERNATIONAL, 100 NORTH POINT PARKWAY, SUITE 600, ALPHARETTA GA 30022
Anuj Dhanda	director	ALBERTSONS COMPANIES, INC., 250 PARKCENTER BOULEVARD, BOISE ID 83706
Keith Haas	director	1950 SPECTRUM CIRCLE, SUITE 300, MARIETTA GA 30067
Marietta Edmunds Zakas	director	1200 ABERNATHY RD, SUITE 1200, ATLANTA GA 30328
Michael Wilson	officer: SENIOR VICE PRESIDENT	1950 SPECTRUM CIRCLE, SUITE 300, MARIETTA GA 30067
Gibson Dwight Audley Konrad	director, officer: President and CEO	C/O SPX FLOW, 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
Carol B Yancey	director	2999 CIRCLE 75 PKWY, ATLANTA GA 30339
Adam Bowen	officer: VP & CHIEF ACCOUNTING OFFICER	1950 SPECTRUM CIRCLE, SUITE 300, MARIETTA GA 30067
Kevin A Henry	officer: CHIEF PEOPLE OFFICER	13024 BALLANTYNE CORPORATE PLACE, HARRIS BUILDING, SUITE 900, CHARLOTTE NC 28277
Dominic Dinapoli	director	500 EAST PRATT STREET, SUITE 1400, BALTIMORE MD 21202
Sean Dwyer	officer: See Remarks	1950 SPECTRUM CIRCLE, SUITE 300, MARIETTA GA 30067
Kim S Fennebresque	director	BLUELINX HOLDINGS INC, 4300 WILDWOOD PARKWAY, ATLANTA GA 30339
Shyam K. Reddy	officer: Chief Administrative Officer	4300 WILDWOOD PARKWAY, ATLANTA GA 30339