Element Fleet Management (FRA:61F) LT-Debt-to-Total-Asset : 0.67 (As of Dec. 2024)

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What is Element Fleet Management 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. Element Fleet Management's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.67.

Element Fleet Management's long-term debt to total assets ratio increased from Dec. 2023 (0.65) to Dec. 2024 (0.67). It may suggest that Element Fleet Management is progressively becoming more dependent on debt to grow their business.

Element Fleet Management LT-Debt-to-Total-Asset Historical Data

The historical data trend for Element Fleet Management'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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Element Fleet Management LT-Debt-to-Total-Asset Chart

Element Fleet Management Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.67

0.63

0.60

0.65

0.67

Element Fleet Management Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.65	0.69	0.68	0.67	0.67

Element Fleet Management LT-Debt-to-Total-Asset Calculation

Element Fleet Management's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	8072.223	/	12129.182
	=	0.67

Element Fleet Management's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	8072.223	/	12129.182
	=	0.67

Element Fleet Management (FRA:61F) 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.

Element Fleet Management LT-Debt-to-Total-Asset Related Terms

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Element Fleet Management Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Element Fleet Management Corp (FRA:61F) » Definitions » LT-Debt-to-Total-Asset

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ELEEF:USA EFN:Canada

Address

161 Bay Street, Suite 3600, Toronto, ON, CAN, M5J 2S1

Website

https://www.elementfleet.com

Element Fleet Management Corp is a fleet management company, providing services and financings for commercial vehicle and equipment fleets. Their services include vehicle acquisition, maintenance, route optimization, risk management, and remarketing, to advising on decarbonization efforts, integration of electric vehicles and managing the complexity of gradual fleet electrification. The company operates in the U.S., Canada, Mexico, Australia, and New Zealand. Key revenue is generated from United States and Canada.

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