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CarParts.com (CarParts.com) LT-Debt-to-Total-Asset

: 0.11 (As of Dec. 2023)
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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. CarParts.com's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.11.

CarParts.com's long-term debt to total assets ratio declined from Dec. 2022 (0.16) to Dec. 2023 (0.11). It may suggest that CarParts.com is progressively becoming less dependent on debt to grow their business.

CarParts.com LT-Debt-to-Total-Asset Historical Data

The historical data trend for CarParts.com'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.

CarParts.com Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.15 0.15 0.17 0.16 0.11

CarParts.com 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.16 0.14 0.12 0.12 0.11

CarParts.com LT-Debt-to-Total-Asset Calculation

CarParts.com'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 )
=29.069/257.855
=0.11

CarParts.com'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 )
=29.069/257.855
=0.11

* 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.

CarParts.com  (NAS:PRTS) 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.

CarParts.com LT-Debt-to-Total-Asset Related Terms

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CarParts.com (CarParts.com) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » CarParts.com Inc (NAS:PRTS) » Definitions » LT-Debt-to-Total-Asset
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ZZF:Germany
Address
2050 W. 190th Street, Suite 400, Torrance, CA, USA, 90504
Website
https://www.carparts.com
CarParts.com Inc is an online provider of automotive aftermarket parts and repair information. The company principally sells its products to individual consumers through its network of websites and online marketplaces. The company's products consist of collision parts serving the body repair market, engine parts to serve the replacement parts market, and performance parts and accessories.
Executives
Michael Huffaker officer: Chief Operating Officer 2050 W. 190TH STREET, SUITE 400, TORRANCE CA 90504
Henry J Maier director 1000 FEDEX DRIVE, MOON TOWNSHIP PA 15108
Nanxi Liu director 2050 W. 190TH STREET, SUITE 400, TORRANCE CA 90504
Jim Barnes director 16941 KEEGAN AVE, CARSON CA 90746
Ana Dutra director C/O KORN/FERRY INTERNATIONAL, 1900 AVENUE OF THE STARS, SUITE 2600, LOS ANGELES CA 90067
Ryan Lockwood officer: Chief Financial Officer 2050 W. 190TH STREET, SUITE 400, TORRANCE CA 90504
Kals Subramanian officer: Chief Technology Officer 2050 W. 190TH STREET, SUITE 400, TORRANCE CA 90504
David Meniane director, officer: Chief Executive Officer 16941 KEEGAN AVENUE, CARSON CA 90746
Houman Akhavan officer: VP of Marketiing C/O U. S. AUTO PARTS NETWORK, INC., 17150 SOUTH MARGAY AVENUE, CARSON CA 90746
Barry Phelps director 26750 AGOURA RD, CALABASAS CA 91302
Alfredo Gomez officer: VP, General Counsel 10420 RESEARCH ROAD SE, ALBUQUERQUE NM 87123
Lev Peker director, officer: Chief Executive Officer US AUTO PARTS, 16941 KEEGAN AVENUE, CARSON CA 90746
Sanjiv Gomes officer: Interim CTO 16941 KEEGAN AVENUE, CARSON CA 90746
Jay Keith Greyson director 16941 KEEGAN AVENUE, CARSON CA 90746
Mehran Nia director, 10 percent owner 17150 SOUTH MARGAY AVENUE, CARSON CA 90746