PesoRama (TSXV:PESO) LT-Debt-to-Total-Asset : 0.41 (As of Oct. 2023)

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What is PesoRama 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. PesoRama's long-term debt to total assests ratio for the quarter that ended in Oct. 2023 was 0.41.

PesoRama's long-term debt to total assets ratio increased from Oct. 2022 (0.26) to Oct. 2023 (0.41). It may suggest that PesoRama is progressively becoming more dependent on debt to grow their business.

PesoRama LT-Debt-to-Total-Asset Historical Data

The historical data trend for PesoRama'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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PesoRama LT-Debt-to-Total-Asset Chart

PesoRama Annual Data

Trend

Jan20

Jan21

Jan22

Jan23

LT-Debt-to-Total-Asset

0.14

0.23

0.55

0.19

PesoRama Quarterly Data
	Jan20	Oct20	Jan21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial								0.26	0.19	0.20	0.29	0.41

PesoRama LT-Debt-to-Total-Asset Calculation

PesoRama's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jan. 2023 is calculated as

LT Debt to Total Assets (A: Jan. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jan. 2023 )	/	Total Assets (A: Jan. 2023 )
	=	3.649	/	18.797
	=	0.19

PesoRama's Long-Term Debt to Total Asset Ratio for the quarter that ended in Oct. 2023 is calculated as

LT Debt to Total Assets (Q: Oct. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Oct. 2023 )	/	Total Assets (Q: Oct. 2023 )
	=	7.433	/	18.35
	=	0.41

PesoRama (TSXV:PESO) 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.

PesoRama LT-Debt-to-Total-Asset Related Terms

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PesoRama (TSXV:PESO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » PesoRama Inc (TSXV:PESO) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

PSSOF:USA

Address

217 Queen Street West, Suite 401, Toronto, ON, CAN, M5V 0R2

Website

https://www.pesorama.ca

PesoRama Inc operating under the JOi Canadian Stores brand is a Mexican value single price-point dollar store retailer. The firm's stores offer consistent merchandise offerings which include household goods, pet supplies, seasonal products, party supplies, health and beauty, snack food items, confectionery, and more.

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