Quinenco (XSGO:QUINENCO) LT-Debt-to-Total-Asset : 0.27 (As of Dec. 2023)

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What is Quinenco 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. Quinenco's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.27.

Quinenco's long-term debt to total assets ratio increased from Dec. 2022 (0.26) to Dec. 2023 (0.27). It may suggest that Quinenco is progressively becoming more dependent on debt to grow their business.

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

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

Quinenco Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.26

0.27

0.26

0.27

Quinenco Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.26	0.27	0.27	0.27	0.27

Quinenco LT-Debt-to-Total-Asset Calculation

Quinenco'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 )
	=	18551509.447	/	69348511.034
	=	0.27

Quinenco's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	18551509.447	/	69348511.034
	=	0.27

Quinenco (XSGO:QUINENCO) 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.

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

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Quinenco (XSGO:QUINENCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Quinenco SA (XSGO:QUINENCO) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Enrique Foster Sur 20, Piso 14 Las Condes, Santiago, CHL

Website

http://www.quinenco.cl

Quinenco SA is a Chilean business conglomerate. The group operates businesses in financial services, beverages and food, manufacturing, transport, energy, and port and shipping services. The largest segment by net income, financial services, consists primarily of the participation in Banco de Chile. The bank provides retail and wholesale banking services in Chile. Other business participations include a beverage and food distribution company with presence in South America, a French power-cable producer, a Latin American flexible-packaging producer, a Chilean fuel and lubricant distributor, a German container shipping operator, and a South American port operator.

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