Chorus Aviation (FRA:1H0) LT-Debt-to-Total-Asset : 0.32 (As of Mar. 2024)

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What is Chorus Aviation 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. Chorus Aviation's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.32.

Chorus Aviation's long-term debt to total assets ratio declined from Mar. 2023 (0.41) to Mar. 2024 (0.32). It may suggest that Chorus Aviation is progressively becoming less dependent on debt to grow their business.

Chorus Aviation LT-Debt-to-Total-Asset Historical Data

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

Chorus Aviation Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.57

0.59

0.53

0.42

0.34

Chorus Aviation Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.41	0.41	0.38	0.34	0.32

Chorus Aviation LT-Debt-to-Total-Asset Calculation

Chorus Aviation'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 )
	=	903.732	/	2632.115
	=	0.34

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

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	811.112	/	2563.245
	=	0.32

Chorus Aviation (FRA:1H0) 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.

Chorus Aviation LT-Debt-to-Total-Asset Related Terms

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Chorus Aviation (FRA:1H0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Chorus Aviation Inc (FRA:1H0) » Definitions » LT-Debt-to-Total-Asset

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CHRRF:USA CHR:Canada

Address

3 Spectacle Lake Drive, Suite 380, Dartmouth, NS, CAN, B3B 1W8

Website

https://www.chorusaviation.com

Chorus Aviation Inc is a Canadian holding company. It aims to deliver regional aviation to the world through its businesses. It specializes in contract flying, maintenance, repair and overhaul, and aircraft leasing solutions. The company operates in two segments namely, the Regional Aviation Services segment includes contract flying, charter operations and maintenance, repair, and overhaul services that are carried on by both Jazz and Voyageur, and the Regional Aircraft Leasing segment leases aircraft to third parties through its wholly-owned subsidiary Chorus Aviation Capital Corp. It generates maximum revenue from the Regional Aviation Services segment.

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