Bowman Consulting Group (Bowman Consulting Group) LT-Debt-to-Total-Asset : 0.15 (As of Mar. 2024)

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What is Bowman Consulting Group 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. Bowman Consulting Group's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.15.

Bowman Consulting Group's long-term debt to total assets ratio declined from Mar. 2023 (0.22) to Mar. 2024 (0.15). It may suggest that Bowman Consulting Group is progressively becoming less dependent on debt to grow their business.

Bowman Consulting Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Bowman Consulting Group'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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Bowman Consulting Group LT-Debt-to-Total-Asset Chart

Bowman Consulting Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.04

0.16

0.13

0.23

0.16

Bowman Consulting Group Quarterly Data
	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													0.22	0.20	0.18	0.16	0.15

Bowman Consulting Group LT-Debt-to-Total-Asset Calculation

Bowman Consulting Group'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 )
	=	65.806	/	402.785
	=	0.16

Bowman Consulting Group'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 )
	=	63.823	/	420.538
	=	0.15

Bowman Consulting Group (NAS:BWMN) 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.

Bowman Consulting Group LT-Debt-to-Total-Asset Related Terms

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Bowman Consulting Group (Bowman Consulting Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Bowman Consulting Group Ltd (NAS:BWMN) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

12355 Sunrise Valley Drive, Suite 520, Reston, VA, USA, 20191

Website

https://www.bowman.com

Bowman Consulting Group Ltd is a multi-faceted consulting firm offering a broad range of real estate, energy, infrastructure, and environmental management solutions to both public and private clients across the country. From large commercial developments, to master planned communities, to local transportation projects, Bowman delivers outstanding project results, builds long-lasting relationships and leverages the growth of the organization to serve the constantly changing needs of clients.

Executives

Gary Bowman	director, 10 percent owner	12355 SUNRISE VALLEY DRIVE, SUITE 520, RESTON VA 20191
Bruce J Labovitz	officer: Chief Financial Officer	11465 SUNSET HILLS ROAD, SUITE 510, RESTON VA 20910
Michael Bruen	director, officer: Chief Operating Officer	12355 SUNRISE VALLEY DRIVE, SUITE 520, RESTON VA 20191
Robert Alan Hickey	officer: Chief Legal Officer	12355 SUNRISE VALLEY DRIVE, SUITE 520, RESTON VA 20191
Patricia Mulroy	director	C/O WYNN RESORTS LIMITED, 3131 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
Stephen A Riddick	director	C/O TENABLE HOLDINGS, INC., 6100 MERRIWEATHER DRIVE, COLUMBIA MD 21044
Raymond Jr. Vicks	director	C/O ACCESS GOHEALTH ONDEMAND, INC., 5555 GLENRIDGE CONNECTOR, SUITE 700, ATLANTA GA 30342
James P Laurito	director	C/O ENERGY EAST CORPORATION, PO BOX 3287, ITHACA NY 14852-3287
Daniel Lefaivre	director	12355 SUNRISE VALLEY DRIVE, SUITE 520, RESTON VA 20131
Polar Asset Management Partners Inc.	10 percent owner	16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6