Echo Global Logistics (Echo Global Logistics) LT-Debt-to-Total-Asset : 0.12 (As of Sep. 2021)

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What is Echo Global Logistics 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. Echo Global Logistics's long-term debt to total assests ratio for the quarter that ended in Sep. 2021 was 0.12.

Echo Global Logistics's long-term debt to total assets ratio declined from Sep. 2020 (0.18) to Sep. 2021 (0.12). It may suggest that Echo Global Logistics is progressively becoming less dependent on debt to grow their business.

Echo Global Logistics LT-Debt-to-Total-Asset Historical Data

The historical data trend for Echo Global Logistics'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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Echo Global Logistics LT-Debt-to-Total-Asset Chart

Echo Global Logistics Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

LT-Debt-to-Total-Asset

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0.27

0.25

0.21

0.23

0.17

Echo Global Logistics Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.18	0.17	0.16	0.13	0.12

Echo Global Logistics LT-Debt-to-Total-Asset Calculation

Echo Global Logistics's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2020 is calculated as

LT Debt to Total Assets (A: Dec. 2020 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2020 )	/	Total Assets (A: Dec. 2020 )
	=	161.596	/	963.944
	=	0.17

Echo Global Logistics's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2021 is calculated as

LT Debt to Total Assets (Q: Sep. 2021 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2021 )	/	Total Assets (Q: Sep. 2021 )
	=	129.74	/	1109.413
	=	0.12

Echo Global Logistics (NAS:ECHO) 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.

Echo Global Logistics LT-Debt-to-Total-Asset Related Terms

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Echo Global Logistics (Echo Global Logistics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Echo Global Logistics Inc (NAS:ECHO) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

600 West Chicago Avenue, Suite 725, Chicago, IL, USA, 60654

Website

https://www.echo.com

Founded in 2005, Echo Global Logistics is an asset-light third-party logistics provider primarily focused on domestic truckload and less-than-truckload brokerage. It also offers intermodal and international air and ocean freight forwarding services, though to a lesser degree. Key strategic initiatives include gaining organic market share in the highly fragmented brokerage industry and supplementing its sales capabilities through tuck-in acquisitions. Echo completed its initial public offering in October 2009.

Executives

Douglas R Waggoner	director, officer: Chief Executive Officer
Matthew Wagner Ferguson	director	C/O ECHO GLOBAL LOGISTICS, INC. 600 W CHICAGO AVE, SUITE 725 CHICAGO IL 60654
Samuel K Skinner	director	233 NORTH MICHIGAN AVENUE, 22ND FLOOR, CHICAGO IL 60601
David B Menzel	officer: Chief Financial Officer	C/O ECHO GLOBAL LOGISTICS, INC. 600 WEST CHICAGO AVENUE, SUITE 725 CHICAGO IL 60654
Douglas Hong	officer: Controller	600 WEST CHICAGO AVENUE SUITE 725 CHICAGO IL 60654
Peter Rogers	officer: Controller	C/O ECHO GLOBAL LOGISTICS 600 W. CHICAGO AVENUE, SUITE 725 CHICAGO IL 60654
Kyle Sauers	officer: Chief Financial Officer	C/O ECHO GLOBAL LOGISTICS, 600 W. CHICAGO AVENUE, SUITE 725, CHICAGO IL 60654
Virginia Henkels	director	SWIFT TRANSPORTATION COMPANY, 2200 SOUTH 75TH AVENUE, PHOENIX AZ 85043
Farrow William M Iii	director	C/O CBOE GLOBAL MARKETS, INC., 433 WEST VAN BUREN STREET, CHICAGO IL 60607
Paul Loeb	director	600 W. CHICAGO AVENUE SUITE 725 CHICAGO IL 60654
Bradley A Keywell	director
Eric P Lefkofsky	director, 10 percent owner	501 SILVERSIDE ROAD SUITE 87F, WILMONGTON DE 19809
Evan Schumacher	officer: Chief Commercial Officer	C/O ECHO GLOBAL LOGISTICS 600 W. CHICAGO AVENUE, SUITE 725 CHICAGO IL 60654
Nelda J Connors	director	BOSTON SCIENTIFIC CORPORATION, 300 BOSTON SCIENTIFIC WAY, MARLBOROUGH MA 01752-1234
John R Walter	director	401 NORTH AHWAHNEE RD, LAKE FOREST IL 60045