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GUZOF (Grupo HerdezB de CV) LT-Debt-to-Total-Asset : 0.22 (As of Sep. 2024)


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What is Grupo HerdezB de CV 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. Grupo HerdezB de CV's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.22.

Grupo HerdezB de CV's long-term debt to total assets ratio declined from Sep. 2023 (0.23) to Sep. 2024 (0.22). It may suggest that Grupo HerdezB de CV is progressively becoming less dependent on debt to grow their business.

Grupo HerdezB de CV LT-Debt-to-Total-Asset Historical Data

The historical data trend for Grupo HerdezB de CV'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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Grupo HerdezB de CV LT-Debt-to-Total-Asset Chart

Grupo HerdezB de CV Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.26 0.30 0.28 0.24 0.27

Grupo HerdezB de CV Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.23 0.27 0.26 0.26 0.22

Grupo HerdezB de CV LT-Debt-to-Total-Asset Calculation

Grupo HerdezB de CV'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 )
=589.183/2222.574
=0.27

Grupo HerdezB de CV's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )=Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )/Total Assets (Q: Sep. 2024 )
=430.472/1987.374
=0.22

* 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.

Grupo HerdezB de CV  (OTCPK:GUZOF) 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.

Grupo HerdezB de CV LT-Debt-to-Total-Asset Related Terms

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Grupo HerdezB de CV Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Grupo Herdez SAB de CV (OTCPK:GUZOF) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
MEX:KUOA MEX:MINSAB MEX:BAFARB XSWX:NESN KHC GIS XPAR:BN SHSE:603288 NSE:NESTLEIND SZSE:300999 SHSE:600887 TSE:2802 LSE:ABF MEX:BIMBOA HRL K MKC SGX:F34 SAU:2280 DUB:KRZ
Traded in Other Exchanges
HERDEZ:Mexico
Address
Monte Pelvaoux 215, Col. Lomas de Chapultepec, Miguel Hidalgo, Mexico, MEX, 11000
Website
http://www.grupoherdez.com.mx
Grupo Herdez SAB de CV specialises in the processed food and ice cream industries, with its operations primarily in Mexico. The company engages in the manufacturing, purchasing, distributing, and marketing of canned and packaged food products in Mexico, as well as food products at the Mexican food segment within the United States. Product segments include burritos, canned vegetables, frozen yogurt, guacamole, and home-style salsas. Products are then sold through a variety of brands, such as Aires de Campo, Barilla, Bufalo and many more.