Express (LTS:0IJU) LT-Debt-to-Total-Asset : 0.48 (As of Jan. 2024)

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What is Express 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. Express's long-term debt to total assests ratio for the quarter that ended in Jan. 2024 was 0.48.

Express's long-term debt to total assets ratio increased from Jan. 2023 (0.38) to Jan. 2024 (0.48). It may suggest that Express is progressively becoming more dependent on debt to grow their business.

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

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

Express Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

LT-Debt-to-Total-Asset

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0.50

0.63

0.52

0.38

0.48

Express Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.38	0.43	0.45	0.47	0.48

Express LT-Debt-to-Total-Asset Calculation

Express's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jan. 2024 is calculated as

LT Debt to Total Assets (A: Jan. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jan. 2024 )	/	Total Assets (A: Jan. 2024 )
	=	620.145	/	1289.74
	=	0.48

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

LT Debt to Total Assets (Q: Jan. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jan. 2024 )	/	Total Assets (Q: Jan. 2024 )
	=	620.145	/	1289.74
	=	0.48

Express (LTS:0IJU) 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.

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

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Express Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Express Inc (LTS:0IJU) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Express Drive, Columbus, OH, USA, 43230

Website

https://www.express.com

Express Inc is a multi-brand fashion retailer. The company operates an omnichannel platform, including both physical and online stores. The company's two brand-based operating segments are Express, which includes UpWest, and Bonobos. Express segment is grounded in a belief that style, quality, and value should all be found in one place. UpWest is an apparel, accessories, and home goods brand with a purpose to provide comfort for people and planet. Bonobos is a menswear brand known for its exceptional fit and retail model.

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