LOIMF (Loomis AB) LT-Debt-to-Total-Asset : 0.29 (As of Dec. 2024)

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What is Loomis AB 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. Loomis AB's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.29.

Loomis AB's long-term debt to total assets ratio declined from Dec. 2023 (0.29) to Dec. 2024 (0.29). It may suggest that Loomis AB is progressively becoming less dependent on debt to grow their business.

Loomis AB LT-Debt-to-Total-Asset Historical Data

The historical data trend for Loomis AB'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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Loomis AB LT-Debt-to-Total-Asset Chart

Loomis AB Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.31

0.29

0.23

0.29

Loomis AB 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															0.29	0.27	0.28	0.30	0.29

Loomis AB LT-Debt-to-Total-Asset Calculation

Loomis AB'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 )
	=	1073.555	/	3674.192
	=	0.29

Loomis AB'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 )
	=	1073.555	/	3674.192
	=	0.29

Loomis AB (OTCPK:LOIMF) 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.

Loomis AB LT-Debt-to-Total-Asset Related Terms

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Loomis AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Loomis AB (OTCPK:LOIMF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

LOOMIS:Sweden LOOMIs:UK 0JYZ:UK K900:Germany

Address

Drottninggatan 82, 4th floor, P.O Box 702, Stockholm, SWE, 111 36

Website

https://www.loomis.com

Loomis AB is a Sweden-based company mainly engaged in cash handling services, which include cash in transit, or CIT, and cash management services, or CMS. CIT involves transporting cash to and from stores, banks and ATMs. CMS involves moving cash from customers to Loomis' cash centers where Loomis counts and packages bills and coins with quality assurance. CMS also involves cash flow analyzing, forecasting, and reporting, as well as other customized solutions. Besides CIT and CMS, Loomis also provides cross-border transportation services and general cargo services. Its segments are Europe and Latin America, USA, and Loomis Pay. The company generates the majority of its revenue from the USA.