Parsons (FRA:59P) Debt-to-Asset : 0.26 (As of Sep. 2024)

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What is Parsons Debt-to-Asset?

Parsons's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was €151 Mil. Parsons's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was €1,109 Mil. Parsons's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was €4,904 Mil. Parsons's debt to asset for the quarter that ended in Sep. 2024 was 0.26.

Parsons Debt-to-Asset Historical Data

The historical data trend for Parsons's Debt-to-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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Parsons Debt-to-Asset Chart

Parsons Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.15

0.21

0.22

0.19

Parsons Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Asset	Get a 7-Day Free Trial															0.21	0.19	0.28	0.27	0.26

Competitive Comparison of Parsons's Debt-to-Asset

For the Information Technology Services subindustry, Parsons's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Parsons's Debt-to-Asset Distribution in the Software Industry

For the Software industry and Technology sector, Parsons's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Parsons's Debt-to-Asset falls into.

Parsons Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Parsons's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(53.696	+	796.503)	/	4405.324
	=	0.19

Parsons's Debt-to-Asset for the quarter that ended in Sep. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(150.826	+	1108.967)	/	4904.451
	=	0.26

Parsons (FRA:59P) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Parsons Debt-to-Asset Related Terms

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Parsons Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Parsons Corp (FRA:59P) » Definitions » Debt-to-Asset

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PSN:USA

Address

14291 Park Meadow Drive, Suite 100, Chantilly, VA, USA, 20151

Website

https://www.parsons.com

Parsons Corp is a provider of technology-driven solutions in the defense, intelligence, and critical infrastructure markets. The business activities of the group are carried out through Federal Solutions and Critical Infrastructure segments. The Federal Solutions segment is a high-end service and technology provider to the U.S. government, delivering timely, cost-effective solutions for mission-critical projects, whereas the Critical Infrastructure segment provides integrated design and engineering services for complex physical and digital infrastructure around the globe.

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