American Express Co (MEX:AXP) LT-Debt-to-Total-Asset : 0.20 (As of Sep. 2024)

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What is American Express 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. American Express Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.20.

American Express Co's long-term debt to total assets ratio increased from Sep. 2023 (0.19) to Sep. 2024 (0.20). It may suggest that American Express Co is progressively becoming more dependent on debt to grow their business.

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

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

American Express Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.29

0.22

0.21

0.19

0.18

American Express 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															0.19	0.18	0.18	0.19	0.20

American Express Co LT-Debt-to-Total-Asset Calculation

American Express 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 )
	=	812489.354	/	4432111.944
	=	0.18

American Express 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 )
	=	1054336.805	/	5335657.807
	=	0.20

American Express Co (MEX:AXP) 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.

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

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American Express Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » American Express Co (MEX:AXP) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

200 Vesey Street, New York, NY, USA, 10285

Website

https://www.americanexpress.com

American Express is a global financial institution, operating in about 130 countries, that provides consumers and businesses charge and credit card payment products. The company also operates a highly profitable merchant payment network. Since 2018, it has operated in three segments: global consumer services, global commercial services, and global merchant and network services. In addition to payment products, the company's commercial business offers expense management tools, consulting services, and business loans.