UTZ (Utz Brands) LT-Debt-to-Total-Asset : 0.33 (As of Dec. 2024)

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What is Utz Brands 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. Utz Brands's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.33.

Utz Brands's long-term debt to total assets ratio declined from Dec. 2023 (0.34) to Dec. 2024 (0.33). It may suggest that Utz Brands is progressively becoming less dependent on debt to grow their business.

Utz Brands LT-Debt-to-Total-Asset Historical Data

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

Utz Brands Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.31

0.32

0.33

0.34

0.33

Utz Brands Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.34	0.30	0.32	0.31	0.33

Utz Brands LT-Debt-to-Total-Asset Calculation

Utz Brands's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	900.464	/	2728.412
	=	0.33

Utz Brands's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	900.464	/	2728.412
	=	0.33

Utz Brands (NYSE:UTZ) 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.

Utz Brands LT-Debt-to-Total-Asset Related Terms

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Utz Brands Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Utz Brands Inc (NYSE:UTZ) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

900 High Street, Hanover, PA, USA, 17331

Website

https://www.utzsnacks.com

Utz Brands Inc is a manufacturer of branded salty snacks. It produces a broad offering of salty snacks, including potato chips, tortilla chips, pretzels, cheese snacks, pork skins, pub/party mixes, and other snacks. Its iconic portfolio of authentic, craft, and better-for-you (BFY) brands, which includes Utz, Zapp's, On The Border, Golden Flake, and Boulder Canyon, among others, enjoys household penetration in the United States, where its products can be found in approximately half of U.S. household. The company operates in eight manufacturing facilities with a broad range of capabilities, and its products are distributed nationally to grocery, mass, club, convenience, drug, e-commerce and other retailers through direct shipments, distributors, and approximately 2,500 DSD routes.

Executives

Cc Collier Holdings, Llc	10 percent owner	C/O CC CAPITAL, 200 PARK AVENUE, 58TH FLOOR, NEW YORK NY 10166
Theresa Robbins Shea	officer: EVP and General Counsel	900 HIGH STREET, HANOVER PA 17331
Howard A Friedman	director, officer: CEO	900 HIGH STREET, HANOVER PA 17331
Cary Devore	officer: EVP & CFO	900 HIGH STREET, HANOVER PA 17331
Pamela J Stewart	director	900 HIGH STREET, HANOVER PA 17331
Bruce John Lindeman	director	1500 PATHFINDER AVENUE, WESTLAKE VILLAGE CA 91362
Christina Choi	director	900 HIGH STREET, HANOVER PA 17331
Dylan Lissette	director, officer: Chief Executive Officer	860 WESTMINSTER AVENUE, HANOVER PA 17331
Mark Schreiber	officer: EVP & Chief Customer Officer	900 HIGH STREET, HANOVER PA 17331
Series R Of Um Partners, Llc	10 percent owner	900 HIGH STREET, HANOVER PA 17331
Series U Of Um Partners, Llc	10 percent owner	900 HIGH STREET, HANOVER PA 17331
Roger K Deromedi	director, 10 percent owner, officer: Chairman	900 HIGH STREET, HANOVER PA 17331
Chinh Chu	10 percent owner	THE BLACKSTONE GROUP, 345 PARK AVENUE, NEW YORK NY 10154
Jennifer Bentz	officer: EVP, Insights, Innov & Mktg	900 HIGH STREET, HANOVER PA 17331
Chad Whyte	officer: EVP, Supply Chain	900 HIGH STREET, HANOVER PA 17331