Corpay (FRA:07G0) LT-Debt-to-Total-Asset : 0.30 (As of Dec. 2023)

View and export this data going back to 2010. Start your Free Trial

What is Corpay 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. Corpay's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.30.

Corpay's long-term debt to total assets ratio declined from Dec. 2022 (0.34) to Dec. 2023 (0.30). It may suggest that Corpay is progressively becoming less dependent on debt to grow their business.

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

The historical data trend for Corpay'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.

Corpay LT-Debt-to-Total-Asset Chart

Corpay Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.27

0.28

0.33

0.34

0.30

Corpay 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															0.34	0.32	0.31	0.30	0.30

Corpay LT-Debt-to-Total-Asset Calculation

Corpay'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 )
	=	4214.675	/	14191.723
	=	0.30

Corpay'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 )
	=	4214.675	/	14191.723
	=	0.30

Corpay (FRA:07G0) 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.

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

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

Corpay (FRA:07G0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Corpay Inc (FRA:07G0) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

AKAM CHKP NET VRSN IOT OKTA GEN GDDY ZS DOX MSFT ORCL ADBE PANW SNPS VMW FTNT CRWD PLTR SPLK

Traded in Other Exchanges

FLT:USA FLT:Mexico

Address

3280 Peachtree Road, Suite 2400, Atlanta, GA, USA, 30305

Website

https://www.fleetcor.com

Fleetcor Technologies Inc is a provider of specialised payment products. The company offers fleet cards, food cards, corporate lodging discount cards, and other specialised payment services. Fleetcor's systems enable its customers to manage and control their commercial payments and loyalty-card programmes. Customers include commercial fleet operators, major oil companies, petroleum marketers, and government entities. Further, Fleetcor offers customised analysis solutions to its clients, offering business productivity tracking capabilities. United States is the largest geographic operating segment.

Corpay (FRA:07G0) Headlines

No Headlines