Grupo TraxionB de CV (MEX:TRAXIONA) LT-Debt-to-Total-Asset : 0.33 (As of Sep. 2024)

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What is Grupo TraxionB 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 TraxionB de CV's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.33.

Grupo TraxionB de CV's long-term debt to total assets ratio increased from Sep. 2023 (0.30) to Sep. 2024 (0.33). It may suggest that Grupo TraxionB de CV is progressively becoming more dependent on debt to grow their business.

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

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

Grupo TraxionB de CV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.23

0.26

0.29

0.34

0.31

Grupo TraxionB de CV 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	0.31	0.30	0.30	0.33

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

Grupo TraxionB de CV'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 )
	=	9749.991	/	31975.211
	=	0.30

Grupo TraxionB de CV'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 )
	=	11347.704	/	34651.277
	=	0.33

Grupo TraxionB de CV (MEX:TRAXIONA) 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 TraxionB de CV LT-Debt-to-Total-Asset Related Terms

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Grupo TraxionB de CV Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Grupo Traxion SAB de CV (MEX:TRAXIONA) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

GRPOF:USA

Address

Paseo de la Reforma 115, Floor 17, Lomas de Chapultepec, Mexico City, MEX, MEX, 11700

Website

http://www.traxion.global

Grupo Traxion SAB de CV is engaged in distribution, logistics and ground transportation. The company provides freight, integrated logistics, warehousing, logistics systems, personnel and student transportation, moving, advertising and special services.

Grupo TraxionB de CV Headlines

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