O'Reilly Automotive (WBO:ORLY) LT-Debt-to-Total-Asset : 0.50 (As of Sep. 2024)

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What is O'Reilly Automotive 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. O'Reilly Automotive's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.50.

O'Reilly Automotive's long-term debt to total assets ratio declined from Sep. 2023 (0.52) to Sep. 2024 (0.50). It may suggest that O'Reilly Automotive is progressively becoming less dependent on debt to grow their business.

O'Reilly Automotive LT-Debt-to-Total-Asset Historical Data

The historical data trend for O'Reilly Automotive'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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O'Reilly Automotive LT-Debt-to-Total-Asset Chart

O'Reilly Automotive Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.52

0.50

0.47

0.49

0.54

O'Reilly Automotive 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															0.52	0.54	0.51	0.51	0.50

O'Reilly Automotive LT-Debt-to-Total-Asset Calculation

O'Reilly Automotive'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 )
	=	6832.997	/	12721.536
	=	0.54

O'Reilly Automotive'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 )
	=	6575.473	/	13134.347
	=	0.50

O'Reilly Automotive (WBO:ORLY) 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.

O'Reilly Automotive LT-Debt-to-Total-Asset Related Terms

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O'Reilly Automotive Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » O'Reilly Automotive Inc (WBO:ORLY) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

ORLY:USA ORLY:Mexico 0KAB:UK OM6:Germany OM6:Germany ORLY34:Brazil

Address

233 South Patterson Avenue, Springfield, MO, USA, 65802

Website

https://www.oreillyauto.com

O'Reilly is an aftermarket automotive parts retailer in the United States and Mexico with about $16 billion in annual sales. The company operates over 6,000 domestic stores and serves both the do-it-yourself (about 55% of sales) and professional (45% of sales) end markets. Despite operating amid a highly fragmented industry, O'Reilly differentiates itself by providing quality service to its customers throughout the entirety of the vehicle diagnosis and purchasing process. Furthermore, the firm boasts an impressive hub-and-spoke distribution network designed to provide its localized store base with ample aftermarket part availability across a variety of vehicle makes and models.