Blumar (XSGO:BLUMAR) LT-Debt-to-Total-Asset : 0.24 (As of Jun. 2024)

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What is Blumar 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. Blumar's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.24.

Blumar's long-term debt to total assets ratio increased from Jun. 2023 (0.13) to Jun. 2024 (0.24). It may suggest that Blumar is progressively becoming more dependent on debt to grow their business.

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

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

Blumar Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.24

0.34

0.29

0.13

0.29

Blumar Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.13	0.13	0.29	0.27	0.24

Blumar LT-Debt-to-Total-Asset Calculation

Blumar'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 )
	=	231112.636	/	810075.763
	=	0.29

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

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	214893.225	/	897112.369
	=	0.24

Blumar (XSGO:BLUMAR) 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.

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

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Blumar Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Blumar SA (XSGO:BLUMAR) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Magdalena 181, 13th floor, 1301 south office, Las Condes, Santiago, CHL

Website

http://www.blumar.cl

Blumar SA is an aquaculture company. It engaged in fishing, processing, transformation, marketing and export of fish. It produce & commercialize fish meal, fish oil, salmon and trout, and frozen fish products. It also produces dried and smoked fish products. Its products are distributed in Chile, Japan, China, and other countries.

Blumar Headlines

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