VSTS (Vestis) LT-Debt-to-Total-Asset : 0.45 (As of Sep. 2024)

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What is Vestis 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. Vestis's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.45.

Vestis's long-term debt to total assets ratio declined from Sep. 2023 (0.51) to Sep. 2024 (0.45). It may suggest that Vestis is progressively becoming less dependent on debt to grow their business.

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

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

Vestis Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Sep24

LT-Debt-to-Total-Asset

0.04

0.05

0.51

0.45

Vestis Quarterly Data
	Sep20	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial								0.51	0.51	0.50	0.50	0.45

Vestis LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2024 )	/	Total Assets (A: Sep. 2024 )
	=	1329.169	/	2932.387
	=	0.45

Vestis'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 )
	=	1329.169	/	2932.387
	=	0.45

Vestis (NYSE:VSTS) 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.

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

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Vestis Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Vestis Corp (NYSE:VSTS) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

6TS:Germany

Address

1035 Alpharetta Street, Suite 2100, Roswell, GA, USA, 30075

Website

https://www.aramarkuniform.com

Vestis Corp is a provider of uniform rentals and workplace supplies across the United States and Canada. It provides uniforms, mats, towels, linens, restroom supplies, first-aid supplies, safety products, and other workplace supplies. The Company serves customers ranging from small, family-owned operations with a single location to large corporations and national franchises with multiple locations. The company operates in the United States and Canada as reportable segments. The company earns the majority of its revenue from the United States.

Executives

Douglas A Pertz	director	1801 BAYBERRY COURT, RICHMOND VA 23226
Grant Shih	officer: Chief Technology Officer	2400 MARKET STREET, PHILADELPHIA PA 19103
Ricky T Dillon	officer: EVP and CFO	ONE SOUTH WACKER DRIVE, SUITE 1000, CHICAGO IL 60606
Williams Ena Koschel	director	15455 DALLAS PARKWAY, SUITE 550, ADDISON TX 75001
Timothy R Donovan	officer: EVP, CLO and General Counsel	1703 N. RANDALL ROAD, ELGIN IL 60123
Tracy C Jokinen	director	5995 OPUS PARKWAY, SUITE 500, MINNETONKA MN 55343
James Phillip Holloman	director	P.O. BOX 625737, 6800 CINTAS BOULEVARD, CINCINNATI OH 45262
Kim Scott	director, officer: President and CEO	150 PEABODY PL, MEMPHIS TN 38103
Angela Kervin	officer: EVP and Chief HR Officer	2400 MARKET STREET, PHILADELPHIA PA 19103
Lynn Mckee	director
Burke Richard L. Jr.	director	90 FORT WADE ROAD, PONTE VEDRA FL 32081
Mary Anne Whitney	director	3 WATERWAY SQUARE PLACE, SUITE #110, THE WOODLANDS TX 77380
Intermediate Holdco Aramark	10 percent owner	2400 MARKET STREET, PHILADELPHIA PA 19103
Christopher J Synek	officer: Chief Operating Officer	2400 MARKET STREET, PHILADELPHIA PA 19103
Ramark	10 percent owner	2400 MARKET STREET, PHILADELPHIA PA 19103