CTAS (Cintas) LT-Debt-to-Total-Asset : 0.23 (As of Nov. 2024)

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What is Cintas 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. Cintas's long-term debt to total assests ratio for the quarter that ended in Nov. 2024 was 0.23.

Cintas's long-term debt to total assets ratio declined from Nov. 2023 (0.30) to Nov. 2024 (0.23). It may suggest that Cintas is progressively becoming less dependent on debt to grow their business.

Cintas LT-Debt-to-Total-Asset Historical Data

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

Cintas Annual Data

Trend

May15

May16

May17

May18

May19

May20

May21

May22

May23

May24

LT-Debt-to-Total-Asset

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0.35

0.22

0.32

0.31

0.24

Cintas Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.30	0.29	0.24	0.24	0.23

Cintas LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: May. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: May. 2024 )	/	Total Assets (A: May. 2024 )
	=	2172.758	/	9168.817
	=	0.24

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

LT Debt to Total Assets (Q: Nov. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Nov. 2024 )	/	Total Assets (Q: Nov. 2024 )
	=	2168.936	/	9366.529
	=	0.23

Cintas (NAS:CTAS) 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.

Cintas LT-Debt-to-Total-Asset Related Terms

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Cintas Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Cintas Corp (NAS:CTAS) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

CTAS:Mexico 0HYJ:UK CIT:Germany CIT:Germany C1TA34:Brazil CTAS:Austria

Address

6800 Cintas Boulevard, P.O. Box 625737, Cincinnati, OH, USA, 45262-5737

Website

https://www.cintas.com

Cintas has roots tracing back to 1929, during which the Farmer family cleaned and re-sold dirty rags to manufacturing plants in Ohio. The firm has grown its business organically and through acquisitions, and today Cintas acts as a one-stop outsourcing partner for businesses. Cintas will design, manufacture, collect, and clean every employee uniform for a small weekly sum, taking on the upfront capital expense itself. In the same stop, Cintas can also replace soiled or depleted mats, mops, trash liners, towels, first aid, fire, and cleaning products. Businesses value an outsourcing partner like Cintas as it simplifies operations and leaves noncore tasks with high regulatory standards in the hands of professionals.

Executives

Todd M. Schneider	director, officer: CEO and Director	P.O. BOX 625737, 6800 CINTAS BOULEVARD, CINCINNATI OH 45262
Gerald S Adolph	director	101 PARK AVENUE, ROOM 2005, NEW YORK NY 10178
Jim Rozakis	officer: Executive Vice President & COO	6800 CINTAS BLVD, CINCINNATI OH 45262
Ronald W Tysoe	director	C/O MACY'S, INC., 7 WEST SEVENTH STREET, CINCINNATI OH 45202
J. Michael Hansen	officer: VP & CFO	6800 CINTAS BOULEVARD, CINCINNATI OH 45262-5737
Robert E. Coletti	director, officer: Assistant Secretary	P.O. BOX 625737, 6800 CINTAS BLVD., CINCINNATI OH 45262
Melanie W. Barstad	director	P.O. BOX 625737, MASON OH 45040
John F Barrett	director
David Brock Denton	officer: Sr VP, Secretary & Gen Counsel	P.O. BOX 625737, CINCINNATI OH 45262
Michael Lawrence Thompson	officer: Executive Vice President & CAO	6800 CINTAS BOULEVARD, P.O. BOX 625737, CINCINNATI OH 45262
Joseph Scaminace	director	C/O THE SHERWIN WILLIAMS CO, 101 PROSPECT AVE N W, CLEVELAND OH 44115
Martin Mucci	director	911 PANORAMA TRAIL S, ROCHESTER NY 14625
Thomas E Frooman	officer: VP, Secretary & Gen. Counsel
James J Johnson	director	C/O THE PROCTER & GAMBLE COMPANY,, ONE PROCTER & GAMBLE PLAZA, CINCINNATI OH 45202
James Phillip Holloman	officer: President and COO	P.O. BOX 625737, 6800 CINTAS BOULEVARD, CINCINNATI OH 45262