PAL (Proficient Auto Logistics) LT-Debt-to-Total-Asset : 0.13 (As of Sep. 2024)

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What is Proficient Auto Logistics 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. Proficient Auto Logistics's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.13.

Proficient Auto Logistics's long-term debt to total assets ratio increased from Sep. 2023 (0.00) to Sep. 2024 (0.13). It may suggest that Proficient Auto Logistics is progressively becoming more dependent on debt to grow their business.

Proficient Auto Logistics LT-Debt-to-Total-Asset Historical Data

The historical data trend for Proficient Auto Logistics'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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Proficient Auto Logistics LT-Debt-to-Total-Asset Chart

Proficient Auto Logistics Annual Data

Trend

Dec23

LT-Debt-to-Total-Asset

0.09

Proficient Auto Logistics Quarterly Data
	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			-	0.09	-	0.10	0.13

Proficient Auto Logistics LT-Debt-to-Total-Asset Calculation

Proficient Auto Logistics'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 )
	=	39.744	/	430.677
	=

Proficient Auto Logistics'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 )
	=	64.169	/	498.235
	=	0.13

Proficient Auto Logistics (NAS:PAL) 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.

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Proficient Auto Logistics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Proficient Auto Logistics Inc (NAS:PAL) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

12276 San Jose Boulevard, Suite 426, Jacksonville, FL, USA, 32223

Website

https://www.proautogistics.com

Proficient Auto Logistics Inc is a non-union, specialized freight company focused on providing auto transportation and logistics services. The company operates auto transportation fleets in North America based upon information obtained from the Auto Haulers Association of America, utilizing auto transport vehicles and trailers daily, including Company-owned transport vehicles and trailers. The reportable segments of the company are Truckload and Brokerage. The company derives maximum revenue from the brokerage segment that retains the customer relationship, including billing and collection, and outsources the transportation of the loads to third-party carriers.