Cintas (FRA:CIT) Debt-to-Asset : 0.30 (As of Feb. 2024)

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What is Cintas Debt-to-Asset?

Cintas's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was €41 Mil. Cintas's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was €2,430 Mil. Cintas's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Feb. 2024 was €8,323 Mil. Cintas's debt to asset for the quarter that ended in Feb. 2024 was 0.30.

Cintas Debt-to-Asset Historical Data

The historical data trend for Cintas'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.

* Premium members only.

Cintas Debt-to-Asset Chart

Cintas Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Debt-to-Asset

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0.38

0.35

0.33

0.36

0.31

Cintas Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Asset	Get a 7-Day Free Trial															0.35	0.31	0.31	0.33	0.30

Competitive Comparison of Cintas's Debt-to-Asset

For the Specialty Business Services subindustry, Cintas'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.

Cintas's Debt-to-Asset Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Cintas's Debt-to-Asset distribution charts can be found below:

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

Cintas Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Cintas's Debt-to-Asset for the fiscal year that ended in May. 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
	=	(40.213	+	2414.708)	/	7862.648
	=	0.31

Cintas's Debt-to-Asset for the quarter that ended in Feb. 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
	=	(41.187	+	2429.637)	/	8323.417
	=	0.30

Cintas (FRA:CIT) 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.

Cintas Debt-to-Asset Related Terms

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Cintas (FRA:CIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Cintas Corp (FRA:CIT) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

CTAS:USA CTAS:Mexico CIT:Germany CTAS:Austria

Address

6800 Cintas Boulevard, P.O. Box 625737, Cincinnati, OH, USA, 45262-5737

Website

https://www.cintas.com

Cintas is positioned as a one-stop shop that rents/sells uniforms and ancillary products and services, such as mops, first aid kits, and fire inspections. In its core uniform and facility services unit (a majority of sales), Cintas provides uniform rental programs for items including office attire, custom-tailored apparel, flame-resistant clothing, lab coats, and other profession-specific clothing. Facilities products generally include the rental and sale of entrance mats, mops, shop towels, hand sanitizers, and restroom supplies. Cintas' remaining businesses include first aid and safety services, fire protection services, and uniform direct sales.