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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. Lamar Advertising Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.60.
Lamar Advertising Co's long-term debt to total assets ratio declined from Mar. 2023 (0.65) to Mar. 2024 (0.60). It may suggest that Lamar Advertising Co is progressively becoming less dependent on debt to grow their business.
The historical data trend for Lamar Advertising Co'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.
Lamar Advertising Co Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
LT-Debt-to-Total-Asset | Get a 7-Day Free Trial | 0.64 | 0.65 | 0.64 | 0.64 | 0.64 |
Lamar Advertising Co Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | 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 | 0.65 | 0.65 | 0.65 | 0.64 | 0.60 |
Lamar Advertising Co'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 ) |
= | 4181.008 | / | 6563.622 | |
= | 0.64 |
Lamar Advertising Co'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 ) |
= | 3895.913 | / | 6525.067 | |
= | 0.60 |
* 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.
Lamar Advertising Co (NAS:LAMR) 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.
Thank you for viewing the detailed overview of Lamar Advertising Co's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Jay Lecoryelle Johnson | officer: CFO, Treasurer, EVP | C/O DIAMONDROCK HOSPITALITY COMPANY, 2 BETHESDA METRO CENTER, SUITE 1400, BETHESDA MD 20814 |
Nancy Fletcher | director | 5321 CORPORATE BOULEVARD, BATON ROUGE LA 70808 |
Thomas V Reifenheiser | director | C/O LAMAR CORP, 5551 CORPORATE BLVD, BATON ROUGE LA 70808 |
Wendell Reilly | director | C/O BERMAN CAPITAL ADVISORS, 3475 LENOX RD. STE. 760, ATLANTA GA 30326 |
Koerner John E Iii | director | 200 WEST CONGRESS STREET, LAFAYETTE LA 70501 |
Anna Reilly | director | C/O LAMAR ADVERTISING COMPANY, 5321 CORPORATE BLVD, BATON ROUGE LA 70808 |
Stephen P Mumblow | director | 790 TOWNSHIP LINE ROAD, YARDLEY PA 19067 |
Elizabeth Mary Thompson | director | 5321 CORPORATE BOULEVARD, BATON ROUGE LA 70808 |
Keith A Istre | officer: Chief Financial Officer | C/O LAMAR CORP, 5321 CORPORATE BLVD, BATON ROUGE LA 70808 |
Sean E Reilly | officer: Chief Operating Officer | 5321 CORPORATE BLVD, BATON ROUGE LA 70808 |
Marshall A Loeb | director | C/O EASTGROUP PROPERTIES, INC., 190 EAST CAPITOL STREET, JACKSON MS 39201 |
John Maxwell Hamilton | director | C/O LAMAR CORP, 5551 CORPORATE BLVD, BATON ROUGE LA 70808 |
Reilly Kevin P Jr | director, officer: President and CEO | C/O LAMAR CORP, 5321 CORPORATE BLVD, BATON ROUGE LA 70808 |
Spo Advisory Corp | 10 percent owner | PO BOX 2722, C/O SPO PARTNERS & CO, SAN ANSELMO CA 94979 |
Abrams Capital Management, L.p. | 10 percent owner | 222 BERKELEY STREET, 21ST FLOOR, BOSTON MA 02116 |
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