LSTR (Landstar System) LT-Debt-to-Total-Asset : 0.03 (As of Sep. 2024)

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What is Landstar System 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. Landstar System's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.03.

Landstar System's long-term debt to total assets ratio increased from Sep. 2023 (0.03) to Sep. 2024 (0.03). It may suggest that Landstar System is progressively becoming more dependent on debt to grow their business.

Landstar System LT-Debt-to-Total-Asset Historical Data

The historical data trend for Landstar System'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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Landstar System LT-Debt-to-Total-Asset Chart

Landstar System Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.05

0.04

0.02

Landstar System 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															0.03	0.02	0.02	0.03	0.03

Landstar System LT-Debt-to-Total-Asset Calculation

Landstar System'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 )
	=	43.264	/	1801.846
	=	0.02

Landstar System'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 )
	=	44.834	/	1757.255
	=	0.03

Landstar System (NAS:LSTR) 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.

Landstar System LT-Debt-to-Total-Asset Related Terms

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Landstar System Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Landstar System Inc (NAS:LSTR) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

LDS:Germany

Address

13410 Sutton Park Drive South, Jacksonville, FL, USA, 32224

Website

https://www.landstar.com

Landstar System is an agent based asset-light third-party logistics provider focused on domestic truck brokerage (90% of revenue). Historically, around half of its truck transportation freight is hauled by leased owner-operators with the remainder hauled by third-party broker-carriers. To a smaller degree, it offers intermodal, global air and ocean forwarding, and warehousing services. Landstar also runs a small business that offers insurance programs to captive owner-operators. It has a long history of industry-leading execution and operating profitability.

Executives

James P Todd	officer: VP and CFO	13410 SUTTON PARK DRIVE SOUTH, JACKSONVILLE FL 32224
David G/ Bannister	director	C/O LANDSTAR SYSTEM INC, 13410 SUTTON PARK DR S, JACKSONVILLE FL 32224
Ricardo S Coro	officer: Vice President - CIO	13410 SUTTON PARK DRIVE SOUTH, JACKSONVILLE FL 32224
Michael K Kneller	officer: VP General Counsel & Secy	13410 SUTTON PARK DRIVE SOUTH, JACKSONVILLE FL 32224
Joseph J Beacom	officer: VP, Chief Safety Officer	13410 SUTTON PARK DRIVE SOUTH, JACKSONVILLE FL 32224
James B Gattoni	officer: Vice President - Controller	13410 SUTTON PARK DRIVE SOUTH, JACKSONVILLE FL 32224
Aimee M Cooper	officer: VP & CAO	13410 SUTTON PARK DRIVE SOUTH, JACKSONVILLE FL 32224
Teresa L White	director	1932 WYNNTON RD, COLUMBUS GA 31999
James L Liang	director	C/O LENCO MOBILE INC., 345 CHAPALA STREET, SANTA BARBARA CA 93101
Federico L Pensotti	officer: VP and CFO	13410 SUTTON PARK DRIVE SOUTH, JACKSONVILLE FL 32224
L Kevin Stout	officer: VP, CFO and Asst Secretary	13410 SUTTON PARK DRIVE SOUTH, JACKSONVILLE FL 32224
Dr. Homaira Akbari	director	13410 SUTTON PARK DRIVE SOUTH, JACKSONVILLE FL 32224
Larry J Thoele	director	13410 SUTTON PARK DRIVE SOUTH, JACKSONVILLE FL 32224
Diana M Murphy	director	C/O LANDSTAR SYSTEM INC, 13410 SUTTON PARK DR S, JACKSONVILLE FL 32224
Anthony J Orlando	director	TWO NORTH RIVERSIDE PLAZA, STE 600, CHICAGO IL 60606