Profarma Distribuidora Produtos Farmaceuticos (BSP:PFRM9) LT-Debt-to-Total-Asset : 0.17 (As of Dec. 2023)

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What is Profarma Distribuidora Produtos Farmaceuticos LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Profarma Distribuidora Produtos Farmaceuticos's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.17.

Profarma Distribuidora Produtos Farmaceuticos's long-term debt to total assets ratio declined from Dec. 2022 (0.18) to Dec. 2023 (0.17). It may suggest that Profarma Distribuidora Produtos Farmaceuticos is progressively becoming less dependent on debt to grow their business.

Profarma Distribuidora Produtos Farmaceuticos LT-Debt-to-Total-Asset Historical Data

The historical data trend for Profarma Distribuidora Produtos Farmaceuticos's LT-Debt-to-Total-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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Profarma Distribuidora Produtos Farmaceuticos LT-Debt-to-Total-Asset Chart

Profarma Distribuidora Produtos Farmaceuticos Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.16

0.18

0.17

Profarma Distribuidora Produtos Farmaceuticos Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.18	0.15	0.15	0.13	0.17

Profarma Distribuidora Produtos Farmaceuticos LT-Debt-to-Total-Asset Calculation

Profarma Distribuidora Produtos Farmaceuticos's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	844.91	/	4937.926
	=	0.17

Profarma Distribuidora Produtos Farmaceuticos's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	844.91	/	4937.926
	=	0.17

Profarma Distribuidora Produtos Farmaceuticos (BSP:PFRM9) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Profarma Distribuidora Produtos Farmaceuticos LT-Debt-to-Total-Asset Related Terms

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Profarma Distribuidora Produtos Farmaceuticos (BSP:PFRM9) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Profarma Distribuidora Produtos Farmaceuticos SA (BSP:PFRM9) » Definitions » LT-Debt-to-Total-Asset

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PFRM3:Brazil

Address

Avenida Ayrton Senna, 2.150, Bloco P, 3rd floor andar, Barra da Tijuca, RJ, BRA, 22775-900

Website

https://www.profarma.com.br

Profarma Distribuidora Produtos Farmaceuticos SA is a Brazil-based company. It is engaged in wholesale and distribution of pharmaceuticals, cosmetics and similar products, and toiletries. Profarma also holds interests in other companies, regardless of their business sector. The company through its logistics department distributes products in the South, Southeast, Northeast and Center-West regions of Brazil. The firm operates in the pharmaceutical distribution, hospital and specialty, retail segments.

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