Ecolab (Ecolab) LT-Debt-to-Total-Asset : 0.37 (As of Dec. 2023)

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What is Ecolab 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. Ecolab's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.37.

Ecolab's long-term debt to total assets ratio declined from Dec. 2022 (0.39) to Dec. 2023 (0.37). It may suggest that Ecolab is progressively becoming less dependent on debt to grow their business.

Ecolab LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ecolab'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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Ecolab LT-Debt-to-Total-Asset Chart

Ecolab Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.30

0.39

0.41

0.39

0.37

Ecolab Quarterly Data
	Mar19	Jun19	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															0.39	0.37	0.37	0.36	0.37

Ecolab LT-Debt-to-Total-Asset Calculation

Ecolab'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 )
	=	7976.9	/	21846.6
	=	0.37

Ecolab'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 )
	=	7976.9	/	21846.6
	=	0.37

Ecolab (NYSE:ECL) 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.

Ecolab LT-Debt-to-Total-Asset Related Terms

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Ecolab (Ecolab) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ecolab Inc (NYSE:ECL) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

ECL:Mexico ECJ:Germany ECJ:Germany

Address

1 Ecolab Place, Saint Paul, MN, USA, 55102

Website

https://www.ecolab.com

Ecolab produces and markets cleaning and sanitation products for the industrial manufacturing, hospitality, healthcare, and life sciences markets. The firm is the global market share leader in this category with a wide array of products and services, including dish and laundry washing systems, pest control, and infection control products. Additionally, Ecolab sells customized water management solutions across its end markets. The company has a strong hold on the U.S. market and is growing its presence abroad.

Executives

Laurie M Marsh	officer: Senior VP - Human Resources	1601 W. DIEHL ROAD, NAPERVILLE IL 60563
David Maclennan	director	14701 CHARLSON ROAD, EDEN PRAIRIE MN 55347
Nicholas J. Alfano	officer: EVP & PRES - GLOBAL INDUSTRIAL	1 ECOLAB PLACE, SAINT PAUL MN 55102
Angela M Busch	officer: SVP - Corporate Development	1 ECOLAB PLACE, SAINT PAUL MN 55102
Gregory B Cook	officer: EVP & PRES - INST GROUP	1 ECOLAB PLACE, SAINT PAUL MN 55102
Nicolas A Granucci	officer: EVP & PRES - GLOBAL PEST	1 ECOLAB PLACE, SAINT PAUL MN 55102
Larry L Berger	officer: Chief Technical Officer & SVP	1 ECOLAB PLACE, SAINT PAUL MN 55102
Arthur J Higgins	director	C/O ZIMMER, INC., P.O. BOX 708, WARSAW IN 46580
Gail Peterson	officer: SVP - Global Mktg & Comms	1 ECOLAB PLACE, SAINT PAUL MN 55102
Christophe Beck	officer: Executive V.P., Instit. NA	370 WABASHA STREET NORTH, SAINT PAUL MN 55102
Eric Mark Green	director	530 HERMAN O. WEST DRIVE, EXTON PA 19341
Gates William H Iii	10 percent owner	2365 CARILLON POINT, KIRKLAND WA 98033
Michael C. Mccormick	officer: Ex.VP, GC & Asst. Secretary	1 ECOLAB PLACE, ST. PAUL MN 55102
Lanesha Minnix	officer: EVP, GC & SECRETARY	TWO LAKESIDE COMMONS, BUILDING TWO, 980 HAMMOND DRIVE, SUITE 500, ATLANTA GA 30328
Tracy B Mckibben	director	100 RIVERSIDE BOULEVARD, #3S, NEW YORK NY 10069