GFL Environmental (FRA:36E) Debt-to-Asset : 0.48 (As of Mar. 2024)

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What is GFL Environmental Debt-to-Asset?

GFL Environmental's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €50 Mil. GFL Environmental's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €6,481 Mil. GFL Environmental's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was €13,626 Mil. GFL Environmental's debt to asset for the quarter that ended in Mar. 2024 was 0.48.

GFL Environmental Debt-to-Asset Historical Data

The historical data trend for GFL Environmental's Debt-to-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.

* Premium members only.

GFL Environmental Debt-to-Asset Chart

GFL Environmental Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.63

0.50

0.52

0.49

0.47

GFL Environmental Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial															0.50	0.44	0.47	0.47	0.48

Competitive Comparison of GFL Environmental's Debt-to-Asset

For the Waste Management subindustry, GFL Environmental's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

GFL Environmental's Debt-to-Asset Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, GFL Environmental's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where GFL Environmental's Debt-to-Asset falls into.

GFL Environmental Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

GFL Environmental's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(51.332	+	6297.54)	/	13587.676
	=	0.47

GFL Environmental's Debt-to-Asset for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(49.752	+	6481.188)	/	13626.277
	=	0.48

GFL Environmental (FRA:36E) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

GFL Environmental Debt-to-Asset Related Terms

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GFL Environmental (FRA:36E) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » GFL Environmental Inc (FRA:36E) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

GFL:USA GFL:Canada

Address

100 New Park Place, Suite 500, Vaughan, ON, CAN, L4K 0H9

Website

https://www.gflenv.com

GFL Environmental Inc is an environmental services company. Its offerings include non-hazardous solid waste management, infrastructure, soil remediation, and liquid waste management services. Its solid waste management business line, which generates the majority of the revenue, consists of the collection, transportation, transfer, recycling, and disposal of non-hazardous solid waste. Its Environmental Services business line includes liquid waste and soil remediation. GFL's geographical segments are Canada and the United States.

GFL Environmental (FRA:36E) Headlines

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