Ferguson Enterprises (CHIX:FERGL) LT-Debt-to-Total-Asset : 0.28 (As of Oct. 2024)

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What is Ferguson Enterprises 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. Ferguson Enterprises's long-term debt to total assests ratio for the quarter that ended in Oct. 2024 was 0.28.

Ferguson Enterprises's long-term debt to total assets ratio declined from Oct. 2023 (0.29) to Oct. 2024 (0.28). It may suggest that Ferguson Enterprises is progressively becoming less dependent on debt to grow their business.

Ferguson Enterprises LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ferguson Enterprises'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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Ferguson Enterprises LT-Debt-to-Total-Asset Chart

Ferguson Enterprises Annual Data

Trend

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Jul24

LT-Debt-to-Total-Asset

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0.28

0.24

0.29

0.30

Ferguson Enterprises Quarterly Data
	Jul19	Jan20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.29	0.30	0.28	0.30	0.28

Ferguson Enterprises LT-Debt-to-Total-Asset Calculation

Ferguson Enterprises's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jul. 2024 is calculated as

LT Debt to Total Assets (A: Jul. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jul. 2024 )	/	Total Assets (A: Jul. 2024 )
	=	3863.244	/	12876.444
	=	0.30

Ferguson Enterprises's Long-Term Debt to Total Asset Ratio for the quarter that ended in Oct. 2024 is calculated as

LT Debt to Total Assets (Q: Oct. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Oct. 2024 )	/	Total Assets (Q: Oct. 2024 )
	=	3591.094	/	12930.086
	=	0.28

Ferguson Enterprises (CHIX:FERGl) 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.

Ferguson Enterprises LT-Debt-to-Total-Asset Related Terms

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Ferguson Enterprises Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Ferguson Enterprises Inc (CHIX:FERGl) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

FERG:USA FERG:UK UH3:Germany

Address

751 Lakefront Commons, Newport News, VA, USA, 23606

Website

https://www.ferguson.com

Ferguson distributes plumbing and HVAC products primarily to repair, maintenance and improvement, new construction, and civil infrastructure markets. It serves over 1 million customers and sources products from 37,000 suppliers. Ferguson engages customers through approximately 1,700 North American branches, over the phone, online, and in residential showrooms. In fiscal 2023, Ferguson derived 95% of its nearly $30 billion of sales in the United States According to Modern Distribution Management, Ferguson is the largest industrial and construction distributor in North America. The firm sold its UK business in 2021 and is now solely focused on the North American market.

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