Aramark (LTS:0HHB) LT-Debt-to-Total-Asset : 0.49 (As of Mar. 2024)

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What is Aramark 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. Aramark's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.49.

Aramark's long-term debt to total assets ratio declined from Mar. 2023 (0.53) to Mar. 2024 (0.49). It may suggest that Aramark is progressively becoming less dependent on debt to grow their business.

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

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

Aramark Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

LT-Debt-to-Total-Asset

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0.48

0.61

0.54

0.51

0.41

Aramark Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.53	0.51	0.41	0.50	0.49

Aramark LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2023 )	/	Total Assets (A: Sep. 2023 )
	=	6958.527	/	16871.241
	=	0.41

Aramark's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	6120.141	/	12560.9
	=	0.49

Aramark (LTS:0HHB) 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.

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

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Aramark (LTS:0HHB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Aramark (LTS:0HHB) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

ARMK:USA 0AK:Germany

Address

2400 Market Street, Philadelphia, PA, USA, 19103

Website

https://www.aramark.com

Aramark provides food, facilities, and uniform services to a variety of clients and institutions. The majority of company revenue comes from its North American food and support services segment. Smaller but substantial segments include food and support services international, food and support services united states and uniform and career apparel. The food and support services segments provide food for school districts; colleges; healthcare facilities; correctional institutions; and business, sports, and entertainment venues. The uniform segment rents, delivers, cleans, and maintains work clothes and ancillary items like towels and mats to customers in North America and Japan. The company has hundreds of service locations and distribution centers across the United States and Canada.

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