Stantec (Stantec) LT-Debt-to-Total-Asset

: 0.24 (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. Stantec's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.24.

Stantec's long-term debt to total assets ratio declined from Dec. 2022 (0.30) to Dec. 2023 (0.24). It may suggest that Stantec is progressively becoming less dependent on debt to grow their business.

Stantec LT-Debt-to-Total-Asset Historical Data

The historical data trend for Stantec'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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Stantec Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.31

0.26

0.33

0.30

0.24

Stantec 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															0.30	0.31	0.32	0.29	0.24

Stantec LT-Debt-to-Total-Asset Calculation

Stantec'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 )
	=	1088.327	/	4529.442
	=	0.24

Stantec'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 )
	=	1088.327	/	4529.442
	=	0.24

Stantec (NYSE:STN) 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.

Stantec LT-Debt-to-Total-Asset Related Terms

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Stantec (Stantec) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Stantec Inc (NYSE:STN) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

S3A:Germany STN:Canada

Address

10220 - 103 Avenue NW, Suite 400, Edmonton, AB, CAN, T5J 0K4

Website

http://www.stantec.com

Stantec Inc is a sustainable engineering, architecture, and environmental consulting company. The company is geographically diversified in three regional operating units namely Canada, the United States and Global, offering similar services across all regions. The company offers services in various sectors across the project life cycle through five business operating units infrastructure, water, buildings, environmental services, and energy and resources. The company provides professional services in all phases of the project life cycle: planning, design, construction administration, commissioning, maintenance, decommissioning, and remediation.