Petco Health and Wellness Co (Petco Health and Wellness Co) LT-Debt-to-Total-Asset : 0.50 (As of Jan. 2024)

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What is Petco Health and Wellness 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. Petco Health and Wellness Co's long-term debt to total assests ratio for the quarter that ended in Jan. 2024 was 0.50.

Petco Health and Wellness Co's long-term debt to total assets ratio increased from Jan. 2023 (0.42) to Jan. 2024 (0.50). It may suggest that Petco Health and Wellness Co is progressively becoming more dependent on debt to grow their business.

Petco Health and Wellness Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Petco Health and Wellness 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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Petco Health and Wellness Co LT-Debt-to-Total-Asset Chart

Petco Health and Wellness Co Annual Data

Trend

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

LT-Debt-to-Total-Asset

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0.71

0.45

0.43

0.42

0.50

Petco Health and Wellness Co Quarterly Data
	Jan19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial														0.42	0.42	0.41	0.50	0.50

Petco Health and Wellness Co LT-Debt-to-Total-Asset Calculation

Petco Health and Wellness Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jan. 2024 is calculated as

LT Debt to Total Assets (A: Jan. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jan. 2024 )	/	Total Assets (A: Jan. 2024 )
	=	2701.048	/	5363.152
	=	0.50

Petco Health and Wellness Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jan. 2024 is calculated as

LT Debt to Total Assets (Q: Jan. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jan. 2024 )	/	Total Assets (Q: Jan. 2024 )
	=	2701.048	/	5363.152
	=	0.50

Petco Health and Wellness Co (NAS:WOOF) 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.

Petco Health and Wellness Co LT-Debt-to-Total-Asset Related Terms

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Petco Health and Wellness Co (Petco Health and Wellness Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Petco Health and Wellness Co Inc (NAS:WOOF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

WOOF:Mexico 7G9:Germany

Address

10850 Via Frontera, San Diego, CA, USA, 92127

Website

https://www.petco.com

Petco Health and Wellness Co Inc offer pet care products such as puppy food, treats, nutrition, and supplies through retail outlets and online platforms. The company generates revenue from the sale of products and services such as dog and cat food, supplies, and companion animals, among others.

Executives

Gary S Briggs	director	117 ADAMS STREET, C/O ETSY, BROOKLYN NY 11201
Giovanni Insana	officer: See Remarks	10850 VIA FRONTERA, SAN DIEGO CA 92127
Iris Yen	director	10850 VIA FRONTERA, SAN DIEGO CA 92127
David Lubek	director	10850 VIA FRONTERA, SAN DIEGO CA 92127
Ron Coughlin	director, officer: Chief Executive Officer	3000 HANOVER STREET, PALO ALTO CA 94304
Justin Tichy	officer: Chief Stores Officer	10850 VIA FRONTERA, SAN DIEGO CA 92127
Jason Heffelfinger	officer: Chief Services Officer	10850 VIA FRONTERA, SAN DIEGO CA 92127
Amy College	officer: Chief Merchandising Officer	10850 VIA FRONTERA, SAN DIEGO CA 92127
Michael Nuzzo	officer: EVP, CFO & COO	6301 FITCH PATH, NEW ALBANY OH 43054
Brian Larose	officer: Chief Financial Officer	10850 VIA FRONTERA, SAN DIEGO CA 92127
Katherine Nauman	officer: Chief Marketing Officer	10850 VIA FRONTERA, SAN DIEGO CA 92127
Cvc Pet Lp	10 percent owner	ONE MARITIME PLAZA, 16TH FLOOR, 300 CLAY STREET, SAN FRANCISCO CA 94111
Scooby Aggregator, Lp	10 percent owner	ONE MARITIME PLAZA, 16TH FLOOR, 300 CLAY STREET, SAN FRANCISCO CA 94111
Canada Pension Plan Investment Board	10 percent owner	ONE QUEEN STREET EAST, STE 2500, TORONTO ONTARIO A6 0000
Rajendra M Mohan	director	1600 HARBOR BAY PARKWAY STE 200, C/O GOOD GUYS INC, ALAMEDA CA 94502