Planet Fitness (LTS:0KJD) Debt-to-Asset : 0.85 (As of Sep. 2024)

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What is Planet Fitness Debt-to-Asset?

Planet Fitness's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $23 Mil. Planet Fitness's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $2,561 Mil. Planet Fitness's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was $3,048 Mil. Planet Fitness's debt to asset for the quarter that ended in Sep. 2024 was 0.85.

Planet Fitness Debt-to-Asset Historical Data

The historical data trend for Planet Fitness'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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Planet Fitness Debt-to-Asset Chart

Planet Fitness Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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1.08

1.05

0.97

0.82

0.80

Planet Fitness 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															0.80	0.80	0.79	0.87	0.85

Competitive Comparison of Planet Fitness's Debt-to-Asset

For the Leisure subindustry, Planet Fitness'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.

Planet Fitness's Debt-to-Asset Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Planet Fitness's Debt-to-Asset distribution charts can be found below:

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

Planet Fitness Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Planet Fitness'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
	=	(20.75	+	2344.463)	/	2969.693
	=	0.80

Planet Fitness'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
	=	(22.5	+	2560.864)	/	3048.181
	=	0.85

Planet Fitness (LTS:0KJD) 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.

Planet Fitness Debt-to-Asset Related Terms

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Planet Fitness Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Planet Fitness Inc (LTS:0KJD) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

PLNT:USA 3PL:Germany 3PL:Germany P2LN34:Brazil

Address

4 Liberty Lane West, Hampton, NH, USA, 03842

Website

https://www.planetfitness.com

Planet Fitness Inc is a franchisor and operator of fitness centers in the United States. The company's reportable segments are Franchise, Corporate-owned stores, and Equipment. Franchise segment includes operations related to its franchising business in the United States, Puerto Rico, Canada, Panama, Mexico and Australia, Corporate-owned stores segment includes operations with respect to all corporate-owned stores throughout the United States and Canada, and The Equipment segment includes the sale of equipment to franchisee-owned stores in the U.S. The firm generates a majority of its revenue from the Corporate-owned stores segment.

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