CTT-Correios de Portugal (CTT-Correios de Portugal) Debt-to-Asset : 0.13 (As of Dec. 2023)

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What is CTT-Correios de Portugal Debt-to-Asset?

CTT-Correios de Portugal's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $118 Mil. CTT-Correios de Portugal's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $554 Mil. CTT-Correios de Portugal's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was $5,187 Mil. CTT-Correios de Portugal's debt to asset for the quarter that ended in Dec. 2023 was 0.13.

CTT-Correios de Portugal Debt-to-Asset Historical Data

The historical data trend for CTT-Correios de Portugal'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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CTT-Correios de Portugal Debt-to-Asset Chart

CTT-Correios de Portugal Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.60

0.67

0.73

0.16

0.13

CTT-Correios de Portugal Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial															0.16	0.16	0.74	0.13	0.13

Competitive Comparison of CTT-Correios de Portugal's Debt-to-Asset

For the Integrated Freight & Logistics subindustry, CTT-Correios de Portugal'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.

CTT-Correios de Portugal's Debt-to-Asset Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, CTT-Correios de Portugal's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where CTT-Correios de Portugal's Debt-to-Asset falls into.

CTT-Correios de Portugal Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

CTT-Correios de Portugal'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
	=	(117.969	+	554.212)	/	5187.178
	=	0.13

CTT-Correios de Portugal's Debt-to-Asset for the quarter 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
	=	(117.969	+	554.212)	/	5187.178
	=	0.13

CTT-Correios de Portugal (GREY:CTTPY) 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.

CTT-Correios de Portugal Debt-to-Asset Related Terms

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CTT-Correios de Portugal (CTT-Correios de Portugal) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » CTT-Correios de Portugal SA (GREY:CTTPY) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

CTTOF:USA CTT:Portugal 0QIM:UK C7T:Germany

Address

Avenida dos Combatentes 43, No.1643-0011, 4th Floor, Lisbon, PRT, 1999-001

Website

https://www.ctt.pt

CTT-Correios de Portugal SA is a logistics company domiciled in Portugal. The company organizes itself into four segments: mail, express and parcels, financial services, and bank. The mail segment, which generates a vast majority of the company's revenue, provides mail postal services to business customers, distribution of advertising materials, and postal communication solutions, among others. Express and parcels, the next largest segment, provides parcel postal and courier services. The company provides financial services such as payment processing and retail banking through both the financial services segment and the bank segment. The company earns most of its revenue domestically.