Cinemark Holdings (MEX:CNK) LT-Debt-to-Total-Asset : 0.57 (As of Sep. 2024)

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What is Cinemark Holdings 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. Cinemark Holdings's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.57.

Cinemark Holdings's long-term debt to total assets ratio declined from Sep. 2023 (0.70) to Sep. 2024 (0.57). It may suggest that Cinemark Holdings is progressively becoming less dependent on debt to grow their business.

Cinemark Holdings LT-Debt-to-Total-Asset Historical Data

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

Cinemark Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.54

0.65

0.70

0.73

0.69

Cinemark Holdings 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															0.70	0.69	0.70	0.67	0.57

Cinemark Holdings LT-Debt-to-Total-Asset Calculation

Cinemark Holdings'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 )
	=	56327.345	/	82101.043
	=	0.69

Cinemark Holdings'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 )
	=	54939.875	/	97169.662
	=	0.57

Cinemark Holdings (MEX:CNK) 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.

Cinemark Holdings LT-Debt-to-Total-Asset Related Terms

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Cinemark Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Cinemark Holdings Inc (MEX:CNK) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

CNK:USA ZZA:Germany

Address

3900 Dallas Parkway, Suite 500, Plano, TX, USA, 75093

Website

https://www.ir.cinemark.com

Cinemark Holdings Inc is geographically diverse operators in the motion picture exhibition industry in the United States. The company operates in around 518 theatres and 5,847 screens in the United States and Latin America. The company generates revenue from filmed entertainment box office receipts and concession sales, with additional revenue from screen advertising, screen rental and other revenue streams, such as transactional fees, vendor marketing promotions, studio trailer placements, meeting rentals and electronic video games located in some of the theatres. Majority of Cinemark's theaters are located in midsize cities or suburbs of large cities.