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Ameriguard Security Services (Ameriguard Security Services) LT-Debt-to-Total-Asset : 0.58 (As of Mar. 2024)


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What is Ameriguard Security Services 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. Ameriguard Security Services's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.58.

Ameriguard Security Services's long-term debt to total assets ratio declined from Mar. 2023 (0.96) to Mar. 2024 (0.58). It may suggest that Ameriguard Security Services is progressively becoming less dependent on debt to grow their business.

Ameriguard Security Services LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ameriguard Security Services'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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Ameriguard Security Services LT-Debt-to-Total-Asset Chart

Ameriguard Security Services Annual Data
Trend Dec11 Dec12 Dec13 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial 0.06 - 0.17 0.60 0.51

Ameriguard Security Services Quarterly Data
Dec13 Mar14 Jun14 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.96 0.59 0.74 0.51 0.58

Ameriguard Security Services LT-Debt-to-Total-Asset Calculation

Ameriguard Security Services'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 )
=3.095/6.068
=0.51

Ameriguard Security Services'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 )
=3.075/5.303
=0.58

* 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.

Ameriguard Security Services  (OTCPK:AGSS) 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.

Ameriguard Security Services LT-Debt-to-Total-Asset Related Terms

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Ameriguard Security Services (Ameriguard Security Services) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Ameriguard Security Services Inc (OTCPK:AGSS) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
RSKIA KSCP SNT GFAI IVDA VRME UUU GDSI SPCB MACE OSTO:ASSA B TSE:9735 SZSE:002236 ALLE MSA ADT OSTO:SECU B BCO TSE:2331 SZSE:002268
Traded in Other Exchanges
N/A
Address
5470 West Spruce Avenue, Suite 102, Fresno, CA, USA, 93722
Website
https://www.ameriguardsecurity.com
AmeriGuard Security Services Inc principally provides guard services to governmental, quasi-governmental and commercial property management. Guard services include, providing armed and unarmed uniformed security personnel for access control, mobile patrols, traffic control, security console/system operators, fire safety directors, communication, reception, concierge and front desk/doorman operations.