Eagle Materials (FRA:E5M) LT-Debt-to-Total-Asset : 0.36 (As of Dec. 2023)

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What is Eagle Materials 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. Eagle Materials's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.36.

Eagle Materials's long-term debt to total assets ratio declined from Dec. 2022 (0.40) to Dec. 2023 (0.36). It may suggest that Eagle Materials is progressively becoming less dependent on debt to grow their business.

Eagle Materials LT-Debt-to-Total-Asset Historical Data

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

Eagle Materials Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

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0.30

0.54

0.37

0.38

0.40

Eagle Materials 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															0.40	0.40	0.40	0.38	0.36

Eagle Materials LT-Debt-to-Total-Asset Calculation

Eagle Materials's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (A: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2023 )	/	Total Assets (A: Mar. 2023 )
	=	1031.11	/	2597.456
	=	0.40

Eagle Materials'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 )
	=	956.584	/	2650.442
	=	0.36

Eagle Materials (FRA:E5M) 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.

Eagle Materials LT-Debt-to-Total-Asset Related Terms

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Eagle Materials (FRA:E5M) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Eagle Materials Inc (FRA:E5M) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

EXP:USA EXP:Mexico

Address

5960 Berkshire Lane, Suite 900, Dallas, TX, USA, 75225

Website

http://www.eaglematerials.com

Eagle Materials Inc produces and sells construction products and building materials. Construction products include cement, slag, concrete, and aggregates and building materials include gypsum wallboard, and are sold to the construction and building industries. Basic materials used for oil and natural gas extraction include frac sand and oil well cement. The firm organizes itself into two sectors: Heavy Materials, which includes the Cement and Concrete and Aggregates segments, and Light Materials, which includes the Gypsum Wallboard and Recycled Paperboard segments.

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