Sodexo (LTS:0J3F) LT-Debt-to-Total-Asset : 0.30 (As of Aug. 2024)

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What is Sodexo 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. Sodexo's long-term debt to total assests ratio for the quarter that ended in Aug. 2024 was 0.30.

Sodexo's long-term debt to total assets ratio increased from Aug. 2023 (0.27) to Aug. 2024 (0.30). It may suggest that Sodexo is progressively becoming more dependent on debt to grow their business.

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

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

Sodexo Annual Data

Trend

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

LT-Debt-to-Total-Asset

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0.35

0.33

0.31

0.27

0.30

Sodexo Semi-Annual Data
	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24	Aug24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.31	0.28	0.27	0.35	0.30

Sodexo LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Aug. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Aug. 2024 )	/	Total Assets (A: Aug. 2024 )
	=	4565	/	15024
	=	0.30

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

LT Debt to Total Assets (Q: Aug. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Aug. 2024 )	/	Total Assets (Q: Aug. 2024 )
	=	4565	/	15024
	=	0.30

Sodexo (LTS:0J3F) 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.

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

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Sodexo Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Sodexo (LTS:0J3F) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

SDXOF:USA SDXAY:USA SWp:UK SW:France SJ7:Germany SJ7:Germany

Address

255, quai de la Bataille-de-Stalingrad, Issy-les-Moulineaux, Cedex 9, Paris, FRA, 92130

Website

https://www.sodexo.com

Sodexo is one of the largest food service companies globally, operating in 45 countries with annual sales of more than EUR 20 billion. Sodexo's model rests on operating on-premises catering facilities, rather than centralized industrial kitchens. Food services remains the largest business segment, contributing 64% of revenue in 2023. Sodexo has its own group purchasing organization, or GPO, Entegra, with annual purchasing of over EUR 37 billion. The company spun off its benefits and service business, Pluxee, and now focuses on food services and its second business, facilities-management services.

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