Grupo Mexicano de Desarrollo S A B (MEX:GMD) LT-Debt-to-Total-Asset : 0.15 (As of Sep. 2024)

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What is Grupo Mexicano de Desarrollo S A B 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 Mexicano de Desarrollo S A B's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.15.

Grupo Mexicano de Desarrollo S A B's long-term debt to total assets ratio increased from Sep. 2023 (0.14) to Sep. 2024 (0.15). It may suggest that Grupo Mexicano de Desarrollo S A B is progressively becoming more dependent on debt to grow their business.

Grupo Mexicano de Desarrollo S A B LT-Debt-to-Total-Asset Historical Data

The historical data trend for Grupo Mexicano de Desarrollo S A B'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 Mexicano de Desarrollo S A B LT-Debt-to-Total-Asset Chart

Grupo Mexicano de Desarrollo S A B Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.28

0.27

0.05

0.14

0.10

Grupo Mexicano de Desarrollo S A B 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															0.14	0.10	0.15	0.14	0.15

Grupo Mexicano de Desarrollo S A B LT-Debt-to-Total-Asset Calculation

Grupo Mexicano de Desarrollo S A B'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 )
	=	1119.802	/	10899.024
	=	0.10

Grupo Mexicano de Desarrollo S A B'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 )
	=	1751.605	/	11869.382
	=	0.15

Grupo Mexicano de Desarrollo S A B (MEX:GMD) 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 Mexicano de Desarrollo S A B LT-Debt-to-Total-Asset Related Terms

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Grupo Mexicano de Desarrollo S A B Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Grupo Mexicano de Desarrollo S A B (MEX:GMD) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Carretera Mexico, Toluca 4000, Cuajimalpa, DF, MEX, 05000

Website

http://www.gmd.com.mx

Grupo Mexicano de Desarrollo S A B is engaged in the creation, construction, and administration of infrastructure projects in Mexico. It offers engineering solutions including the construction of civil works and operation of services public concessions. The infrastructure projects of the company comprise Viaducto Punta Diamante, Ecosys I y II, Industria Metalica Integrada, and Carretera Mozimba-Pie de la Cuesta among others.

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