Empreendimentos Pague Menos (BSP:PGMN3) LT-Debt-to-Total-Asset : 0.33 (As of Dec. 2023)

View and export this data going back to 2020. Start your Free Trial

What is Empreendimentos Pague Menos 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. Empreendimentos Pague Menos's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.33.

Empreendimentos Pague Menos's long-term debt to total assets ratio declined from Dec. 2022 (0.35) to Dec. 2023 (0.33). It may suggest that Empreendimentos Pague Menos is progressively becoming less dependent on debt to grow their business.

Empreendimentos Pague Menos LT-Debt-to-Total-Asset Historical Data

The historical data trend for Empreendimentos Pague Menos'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.

* Premium members only.

Empreendimentos Pague Menos LT-Debt-to-Total-Asset Chart

Empreendimentos Pague Menos Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.43

0.33

0.34

0.35

0.33

Empreendimentos Pague Menos 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															0.35	0.14	0.38	0.35	0.33

Empreendimentos Pague Menos LT-Debt-to-Total-Asset Calculation

Empreendimentos Pague Menos'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 )
	=	2991.114	/	8988.598
	=	0.33

Empreendimentos Pague Menos'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 )
	=	2991.114	/	8988.598
	=	0.33

Empreendimentos Pague Menos (BSP:PGMN3) 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.

Empreendimentos Pague Menos LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Empreendimentos Pague Menos's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Empreendimentos Pague Menos (BSP:PGMN3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Empreendimentos Pague Menos SA (BSP:PGMN3) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rua Senador Pompeu, no 1.520, Centro, Fortaleza, CE, BRA, CEP 60.025-002

Website

https://www.paguemenos.com.br

Empreendimentos Pague Menos SA operates a pharmacy chain in Brazil. The company sells (brand) and generic drugs, subject to medical or over-the-counter (OTC) prescription, multivitamin and perfumery products, which include hygiene and beauty articles.

Empreendimentos Pague Menos (BSP:PGMN3) Headlines

No Headlines