Vulcan Materials Co (LTS:0LRK) LT-Debt-to-Total-Asset : 0.27 (As of Sep. 2024)

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What is Vulcan Materials Co 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. Vulcan Materials Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.27.

Vulcan Materials Co's long-term debt to total assets ratio declined from Sep. 2023 (0.30) to Sep. 2024 (0.27). It may suggest that Vulcan Materials Co is progressively becoming less dependent on debt to grow their business.

Vulcan Materials Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Vulcan Materials Co'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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Vulcan Materials Co LT-Debt-to-Total-Asset Chart

Vulcan Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.30

0.27

0.33

0.31

0.30

Vulcan Materials Co 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															0.30	0.30	0.28	0.27	0.27

Vulcan Materials Co LT-Debt-to-Total-Asset Calculation

Vulcan Materials Co'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 )
	=	4384.7	/	14545.7
	=	0.30

Vulcan Materials Co'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 )
	=	3832.7	/	14351.9
	=	0.27

Vulcan Materials Co (LTS:0LRK) 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.

Vulcan Materials Co LT-Debt-to-Total-Asset Related Terms

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Vulcan Materials Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Vulcan Materials Co (LTS:0LRK) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

VMC:USA VMC:Mexico VMC:Germany VMC:Germany V1MC34:Brazil

Address

1200 Urban Center Drive, Birmingham, AL, USA, 35242

Website

https://www.vulcanmaterials.com

Vulcan Materials is the United States' largest producer of construction aggregates (crushed stone, sand, and gravel). Its largest markets include Texas, California, Virginia, Tennessee, Georgia, Florida, North Carolina, and Alabama. In 2023, Vulcan sold 234.3 million tons of aggregates, 13.4 million tons of asphalt mix, and 7.5 million cubic yards of ready-mix. As of Dec. 31, 2022, the company had nearly 16 billion tons of aggregates reserves.

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