Pet Center Comercio E Participacoes (BSP:PETZ3) LT-Debt-to-Total-Asset : 0.33 (As of Mar. 2024)

View and export this data going back to 2020. Start your Free Trial

What is Pet Center Comercio E Participacoes 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. Pet Center Comercio E Participacoes's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.33.

Pet Center Comercio E Participacoes's long-term debt to total assets ratio increased from Mar. 2023 (0.30) to Mar. 2024 (0.33). It may suggest that Pet Center Comercio E Participacoes is progressively becoming more dependent on debt to grow their business.

Pet Center Comercio E Participacoes LT-Debt-to-Total-Asset Historical Data

The historical data trend for Pet Center Comercio E Participacoes'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.

* Premium members only.

Pet Center Comercio E Participacoes LT-Debt-to-Total-Asset Chart

Pet Center Comercio E Participacoes Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.55

0.38

0.26

0.27

0.32

Pet Center Comercio E Participacoes 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															0.30	0.33	0.33	0.32	0.33

Pet Center Comercio E Participacoes LT-Debt-to-Total-Asset Calculation

Pet Center Comercio E Participacoes'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 )
	=	1291.526	/	3995.411
	=	0.32

Pet Center Comercio E Participacoes'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 )
	=	1278.271	/	3928.864
	=	0.33

Pet Center Comercio E Participacoes (BSP:PETZ3) 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.

Pet Center Comercio E Participacoes LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Pet Center Comercio E Participacoes's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Pet Center Comercio E Participacoes (BSP:PETZ3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Pet Center Comercio E Participacoes SA (BSP:PETZ3) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rua Dr. Miguel Paulo Capalbo, Pari District, Sao Paulo, BRA, 135

Website

https://www.petz.com.br

Pet Center Comercio E Participacoes SA operates an online pet store. The store offers pet food, sanitary care products, pet toys, pet clothing, blankets and pillows, carrying bags, trolleys, bathing products, stool collector, and other related products. Also, the company provides medicines for pets.

Pet Center Comercio E Participacoes (BSP:PETZ3) Headlines

No Headlines