Acerias Paz del Rio (BOG:PAZRIO) LT-Debt-to-Total-Asset : 0.02 (As of Dec. 2023)

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What is Acerias Paz del Rio 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. Acerias Paz del Rio's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.02.

Acerias Paz del Rio's long-term debt to total assets ratio declined from Dec. 2022 (0.03) to Dec. 2023 (0.02). It may suggest that Acerias Paz del Rio is progressively becoming less dependent on debt to grow their business.

Acerias Paz del Rio LT-Debt-to-Total-Asset Historical Data

The historical data trend for Acerias Paz del Rio'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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Acerias Paz del Rio LT-Debt-to-Total-Asset Chart

Acerias Paz del Rio Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.04

0.05

0.04

0.03

0.02

Acerias Paz del Rio Quarterly Data
	Sep18	Dec18	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															0.03	0.03	0.05	0.03	0.02

Acerias Paz del Rio LT-Debt-to-Total-Asset Calculation

Acerias Paz del Rio'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 )
	=	42756.747	/	1962522.85
	=	0.02

Acerias Paz del Rio'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 )
	=	42756.747	/	1962522.85
	=	0.02

Acerias Paz del Rio (BOG:PAZRIO) 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.

Acerias Paz del Rio LT-Debt-to-Total-Asset Related Terms

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Acerias Paz del Rio (BOG:PAZRIO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Acerias Paz del Rio SA (BOG:PAZRIO) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Edificio Megabanco, Piso 6, 13-26, Calle 100, Bogota, COL, 4260

Website

http://www.pazdelrio.com.co

Acerias Paz del Rio SA is a steel production company. It is engaged in the manufacturing of steel products and derivates used in the industrial, metallurgical, construction and agricultural sectors.

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