MGRC (McGrath RentCorp) Debt-to-Asset : 0.26 (As of Dec. 2024)

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What is McGrath RentCorp Debt-to-Asset?

McGrath RentCorp's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $0.0 Mil. McGrath RentCorp's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $590.2 Mil. McGrath RentCorp's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2024 was $2,277.6 Mil. McGrath RentCorp's debt to asset for the quarter that ended in Dec. 2024 was 0.26.

McGrath RentCorp Debt-to-Asset Historical Data

The historical data trend for McGrath RentCorp'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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McGrath RentCorp Debt-to-Asset Chart

McGrath RentCorp Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Debt-to-Asset

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0.18

0.27

0.24

0.34

0.26

McGrath RentCorp Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Debt-to-Asset	Get a 7-Day Free Trial															0.34	0.35	0.34	0.27	0.26

Competitive Comparison of McGrath RentCorp's Debt-to-Asset

For the Rental & Leasing Services subindustry, McGrath RentCorp'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.

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

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

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

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McGrath RentCorp Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

McGrath RentCorp's Debt-to-Asset for the fiscal year that ended in Dec. 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
	=	(0	+	590.208)	/	2277.584
	=	0.26

McGrath RentCorp's Debt-to-Asset for the quarter that ended in Dec. 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
	=	(0	+	590.208)	/	2277.584
	=	0.26

McGrath RentCorp (NAS:MGRC) 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.

McGrath RentCorp Debt-to-Asset Related Terms

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McGrath RentCorp Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » McGrath RentCorp (NAS:MGRC) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

5700 Las Positas Road, Livermore, CA, USA, 94551-7800

Website

https://www.mgrc.com

McGrath RentCorp is a rental company. It is comprised of four reportable business segments namely Modular building segment (Mobile Modular); Portable storage container segment (Portable Storage); Electronic test equipment segment (TRS-RenTelco); and its classroom manufacturing business selling modular buildings used primarily as classrooms in California (Enviroplex). The company generates its revenues majorily from the rental of its equipment on operating leases with sales of equipment occurring in the normal course of business.

Executives

Kimberly Ann Box	director	7157 TREELINE CT., GRANITE BAY CA 95746
Gilda Malek	officer: VP, Legal General Counsel	C/O MCGRATH RENTCORP, 5700 LAS POSITAS ROAD, LIVERMORE CA 94551
Joseph F Hanna	director, officer: President & CEO
John P Skenesky	officer: VP and Division Manager	5700 LAS POSITAS ROAD, LIVERMORE CA 94551
Philip B Hawkins	officer: VP & Division Manager	5700 LAS POSITAS ROAD, LIVERMORE CA 94551
Tara Wescott	officer: Vice President Human Resources	C/O MCGRATH RENTCORP, 5700 LAS POSITAS ROAD, LIVERMORE CA 94551
Trease Kristina Van	officer: VP & Division Manager	5700 LAS POSITAS ROAD, LIVERMORE CA 94551
David M Whitney	officer: VP, Controller, PAO	5700 LOS POSITAS ROAD, LIVERMORE CA 94551
William J Dawson	director	C/O CERUS CORPORATION, 2411 STANWELL DRIVE, CONCORD CA 94520
Keith E Pratt	officer: Executive VP and CFO
Elizabeth A Fetter	director	1400 MARINA WAY SOUTH, RICHMOND CA 94804
John Lieffrig	officer: VP & Division Manager	C/O MCGRATH RENTCORP, 5700 LAS POSITAS ROAD, LIVERMORE CA 94551
Dennis P Stradford	director
Nicolas C Anderson	director	3100 ZINFANDEL DRIVE, STE. 450, RANCHO CORDOVA CA 95670
Stuart Templeton Porter	officer: VP & Division Manager	C/O MCGRATH RENTCORP, 5700 LAS POSITAS ROAD, LIVERMORE CA 94551