Fomento Economico MexicanoB de CV (STU:FOMC) LT-Debt-to-Total-Asset : 0.27 (As of Sep. 2024)

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What is Fomento Economico MexicanoB 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. Fomento Economico MexicanoB de CV's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.27.

Fomento Economico MexicanoB de CV's long-term debt to total assets ratio increased from Sep. 2023 (0.26) to Sep. 2024 (0.27). It may suggest that Fomento Economico MexicanoB de CV is progressively becoming more dependent on debt to grow their business.

Fomento Economico MexicanoB de CV LT-Debt-to-Total-Asset Historical Data

The historical data trend for Fomento Economico MexicanoB 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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Fomento Economico MexicanoB de CV LT-Debt-to-Total-Asset Chart

Fomento Economico MexicanoB 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

0.34

0.33

0.32

0.26

Fomento Economico MexicanoB 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															0.26	0.26	0.26	0.27	0.27

Fomento Economico MexicanoB de CV LT-Debt-to-Total-Asset Calculation

Fomento Economico MexicanoB 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 )
	=	11464.223	/	43534.768
	=	0.26

Fomento Economico MexicanoB 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 )
	=	10582.219	/	38890.164
	=	0.27

Fomento Economico MexicanoB de CV (STU:FOMC) 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.

Fomento Economico MexicanoB de CV LT-Debt-to-Total-Asset Related Terms

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Fomento Economico MexicanoB de CV Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Fomento Economico Mexicano SAB de CV (STU:FOMC) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

FMXUF:USA FMX:USA FEMSAUB:Mexico FEMSAUBD:Mexico 0TD7:UK FOMA:Germany FOMA:Germany FMXB34:Brazil FMX:Argentina

Address

General Anaya No. 601 Pte., Colonia Bella Vista, Monterrey, NL, MEX, 64410

Website

https://www.femsa.com

Mexico-based Femsa is a beverage and retail conglomerate in Central and South America. The holding company owns controlling stakes in bottler Coca-Cola Femsa (47% economic stake, 56% voting rights), in addition to operating 100%-owned retail assets, including convenience stores under the Oxxo banner, drugstores, and gas stations. The firm divested its 15% stake in Heineken and its distribution business in 2023. Coca-Cola Femsa and the Oxxo chain made up 75% of total company revenue and around 90% of profits in 2023.

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