Swift Transportation Co (Swift Transportation Co) LT-Debt-to-Total-Asset : 0.23 (As of Jun. 2017)

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What is Swift Transportation Co 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. Swift Transportation Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2017 was 0.23.

Swift Transportation Co's long-term debt to total assets ratio declined from Jun. 2016 (0.31) to Jun. 2017 (0.23). It may suggest that Swift Transportation Co is progressively becoming less dependent on debt to grow their business.

Swift Transportation Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Swift Transportation Co'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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Swift Transportation Co LT-Debt-to-Total-Asset Chart

Swift Transportation Co Annual Data

Trend

Dec05

Dec06

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

LT-Debt-to-Total-Asset

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0.49

0.45

0.38

0.37

0.29

Swift Transportation Co Quarterly Data
	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.31	0.30	0.29	0.24	0.23

Swift Transportation Co LT-Debt-to-Total-Asset Calculation

Swift Transportation Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2016 is calculated as

LT Debt to Total Assets (A: Dec. 2016 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2016 )	/	Total Assets (A: Dec. 2016 )
	=	784.809	/	2745.666
	=	0.29

Swift Transportation Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2017 is calculated as

LT Debt to Total Assets (Q: Jun. 2017 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2017 )	/	Total Assets (Q: Jun. 2017 )
	=	592.916	/	2590.688
	=	0.23

Swift Transportation Co (NYSE:SWFT) 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.

Swift Transportation Co LT-Debt-to-Total-Asset Related Terms

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Swift Transportation Co (Swift Transportation Co) Business Description

Industry

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Address

Website

http://www.swifttrans.com

Swift Transportation is the largest full-truckload carrier (74% of revenue) in the United States, with an effective fleet of more than 19,000 tractors across all its divisions, when including owner-operators. Following its acquisition of Central Refrigerated in 2013, it ranks among the top 10 temperature-controlled providers (8%). Swift also offers intermodal (9%), which competes with the likes of J.B. Hunt. In December 2010, Swift came public for a second time; founder Jerry Moyes had taken it private in 2007.

Swift Transportation Co (Swift Transportation Co) Headlines

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