Grupo Empresas Navieras (XSGO:NAVIERA) LT-Debt-to-Total-Asset : 0.33 (As of Mar. 2024)

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What is Grupo Empresas Navieras 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. Grupo Empresas Navieras's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.33.

Grupo Empresas Navieras's long-term debt to total assets ratio declined from Mar. 2023 (0.37) to Mar. 2024 (0.33). It may suggest that Grupo Empresas Navieras is progressively becoming less dependent on debt to grow their business.

Grupo Empresas Navieras LT-Debt-to-Total-Asset Historical Data

The historical data trend for Grupo Empresas Navieras'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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Grupo Empresas Navieras LT-Debt-to-Total-Asset Chart

Grupo Empresas Navieras Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.04

0.41

0.32

0.37

0.33

Grupo Empresas Navieras Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.37	0.37	0.35	0.33	0.33

Grupo Empresas Navieras LT-Debt-to-Total-Asset Calculation

Grupo Empresas Navieras'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 )
	=	374004.946	/	1127695.124
	=	0.33

Grupo Empresas Navieras's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	375788.383	/	1140587.722
	=	0.33

Grupo Empresas Navieras (XSGO:NAVIERA) 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.

Grupo Empresas Navieras LT-Debt-to-Total-Asset Related Terms

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Grupo Empresas Navieras (XSGO:NAVIERA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Grupo Empresas Navieras SA (XSGO:NAVIERA) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Urriola 87, 4th floor, Valparaiso, CHL

Website

http://www.naviera.cl

Grupo Empresas Navieras SA through its holdings is engaged in the business of maritime transport. It is an agent of ships and provides services to cargo. It is engaged in the representations of transport operators, both maritime and air, investments in port and air infrastructure, land equipment and afloat, land transport , storage and distribution of products.

Grupo Empresas Navieras (XSGO:NAVIERA) Headlines

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