BlueLinx Holdings (FRA:FZG1) LT-Debt-to-Total-Asset : 0.38 (As of Mar. 2024)

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What is BlueLinx Holdings 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. BlueLinx Holdings's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.38.

BlueLinx Holdings's long-term debt to total assets ratio declined from Mar. 2023 (0.39) to Mar. 2024 (0.38). It may suggest that BlueLinx Holdings is progressively becoming less dependent on debt to grow their business.

BlueLinx Holdings LT-Debt-to-Total-Asset Historical Data

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

BlueLinx Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.72

0.61

0.46

0.40

0.39

BlueLinx Holdings 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															0.39	0.38	0.38	0.39	0.38

BlueLinx Holdings LT-Debt-to-Total-Asset Calculation

BlueLinx Holdings'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 )
	=	550.668	/	1409.98
	=	0.39

BlueLinx Holdings'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 )
	=	555.893	/	1464.313
	=	0.38

BlueLinx Holdings (FRA:FZG1) 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.

BlueLinx Holdings LT-Debt-to-Total-Asset Related Terms

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BlueLinx Holdings (FRA:FZG1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » BlueLinx Holdings Inc (FRA:FZG1) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

BXC:USA

Address

1950 Spectrum Circle, Suite 300, Marietta, GA, USA, 30067

Website

https://www.bluelinxco.com

BlueLinx Holdings Inc is engaged in the wholesale distribution of residential and commercial building products. Its business products are split into two categories: Structural products include items such as lumber, plywood, oriented strand board, rebar, and remesh and Specialty products include items such as engineered wood, siding, millwork, outdoor living, specialty lumber and panels, and industrial products. The company's operations are carried out throughout the United States.

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