Grupo Bafar de CV (MEX:BAFARB) LT-Debt-to-Total-Asset : 0.35 (As of Sep. 2023)

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What is Grupo Bafar de CV 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. Grupo Bafar de CV's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.35.

Grupo Bafar de CV's long-term debt to total assets ratio declined from Jun. 2022 (0.39) to Sep. 2023 (0.35). It may suggest that Grupo Bafar de CV is progressively becoming less dependent on debt to grow their business.

Grupo Bafar de CV LT-Debt-to-Total-Asset Historical Data

The historical data trend for Grupo Bafar de CV'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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Grupo Bafar de CV LT-Debt-to-Total-Asset Chart

Grupo Bafar de CV Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

LT-Debt-to-Total-Asset

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0.23

0.25

0.18

0.27

0.34

Grupo Bafar de CV Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.39	0.36	0.40	0.36	0.35

Grupo Bafar de CV LT-Debt-to-Total-Asset Calculation

Grupo Bafar de CV's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2021 is calculated as

LT Debt to Total Assets (A: Dec. 2021 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2021 )	/	Total Assets (A: Dec. 2021 )
	=	8148.28	/	23781.118
	=	0.34

Grupo Bafar de CV's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	10081.128	/	28901.382
	=	0.35

Grupo Bafar de CV (MEX:BAFARB) 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.

Grupo Bafar de CV LT-Debt-to-Total-Asset Related Terms

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Grupo Bafar de CV (MEX:BAFARB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Grupo Bafar SA de CV (MEX:BAFARB) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Km 7.5 Carretera a Cuauthtemoc, Colonia Las Animas, Chihuahua, MEX

Website

http://www.grupobafar.com

Grupo Bafar SAB de CV is engaged in the production, distribution and sale of food products, with a share of domestic and international markets in Mexico. The company's business divisions include consumer products, retail, international, fiber nova, vextor and agroindustrial. Its product list includes Parma, Sabori, Country, Griller's, Campestre Platillos, Montebello, Bafar, Burr, Ponderosa and Guisy.

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