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CarLotz (CarLotz) LT-Debt-to-Total-Asset : 0.14 (As of Sep. 2022)


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What is CarLotz 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. CarLotz's long-term debt to total assests ratio for the quarter that ended in Sep. 2022 was 0.14.

CarLotz's long-term debt to total assets ratio increased from Sep. 2021 (0.03) to Sep. 2022 (0.14). It may suggest that CarLotz is progressively becoming more dependent on debt to grow their business.

CarLotz LT-Debt-to-Total-Asset Historical Data

The historical data trend for CarLotz'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.

* Premium members only.

CarLotz LT-Debt-to-Total-Asset Chart

CarLotz Annual Data
Trend Dec19 Dec20 Dec21
LT-Debt-to-Total-Asset
- 0.11 0.04

CarLotz Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.03 0.04 0.19 0.10 0.14

CarLotz LT-Debt-to-Total-Asset Calculation

CarLotz's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2021 is calculated as

LT Debt to Total Assets (A: Dec. 2021 )=Long-Term Debt & Capital Lease Obligation (A: Dec. 2021 )/Total Assets (A: Dec. 2021 )
=12.206/290.289
=0.04

CarLotz's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2022 is calculated as

LT Debt to Total Assets (Q: Sep. 2022 )=Long-Term Debt & Capital Lease Obligation (Q: Sep. 2022 )/Total Assets (Q: Sep. 2022 )
=28.467/210.537
=0.14

* 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.

CarLotz  (NAS:LOTZ) 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.

CarLotz LT-Debt-to-Total-Asset Related Terms

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CarLotz (CarLotz) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » CarLotz Inc (NAS:LOTZ) » Definitions » LT-Debt-to-Total-Asset
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Traded in Other Exchanges
N/A
Address
611 Bainbridge Street, Suite 100, Richmond, VA, USA, 23224
Website
https://www.carlotz.com
CarLotz Inc is engaged in used vehicle consignment and Retail Remarketing business. The company operates a technology-enabled buying, sourcing and selling model that offers a seamless omni-channel experience and comprehensive selection of vehicles while allowing for a contactless end-to-end e-commerce interface that enables no-hassle buying and selling.
Executives
Lev Peker director, officer: CEO US AUTO PARTS, 16941 KEEGAN AVENUE, CARSON CA 90746
Ozan Kaya officer: President C/O CARLOTZ, INC., 611 BAINBRIDGE STREET; SUITE 100, RICHMOND VA 23224
Nanxi Liu director 2050 W. 190TH STREET, SUITE 400, TORRANCE CA 90504
Michael W Bor director, 10 percent owner, officer: CEO and Chairman 611 BAINBRIDGE STREET, SUITE 100, C/O CARLOTZ, INC., RICHMOND VA 23224
Eugene Kovshilovsky officer: Chief Technology Officer C/O PARTS ID, INC., 1 CORPORATE DRIVE, SUITE C, CRANBURY NJ 08512
Elizabeth Sanders officer: Chief Administrative Officer 611 BAINBRIDGE STREET, SUITE 100, C/O CARLOTZ, INC., RICHMOND VA 23224
Foley John W Ii officer: Chief Operating Officer 611 BAINBRIDGE STREET, SUITE 100, C/O CARLOTZ, INC., RICHMOND VA 23224
Daniel A Valerian officer: Chief Technology Officer 611 BAINBRIDGE STREET, SUITE 100, C/O CARLOTZ, INC., RICHMOND VA 23224
Kimberly H. Sheehy director C/O SWITCH, INC., 7135 SOUTH DECATUR BOULEVARD, LAS VEGAS NV 89118
Sarah M Kauss director 611 BAINBRIDGE STREET, SUITE 100, RICHMOND VA 23224
Michael C Chapman officer: Chief Marketing Officer 611 BAINBRIDGE STREET, SUITE 100, C/O CARLOTZ, INC., RICHMOND VA 23224
Steven G Carrel director, 10 percent owner 611 BAINBRIDGE STREET, SUITE 100, C/O CARLOTZ, INC., RICHMOND VA 23224
Trp Capital Partners, Lp 10 percent owner 380 N. OLD WOODWARD AVE., SUITE 205, BIRMINGHAM MI 48009
David R Mitchell director, 10 percent owner 1155 PURITAN, BIRMINGHAM MI 48009
Aizpuru Luis Igancio Solorzano director, 10 percent owner 1345 AVENUE OF THE AMERICAS 11TH FL, NEW YORK NY 10105