CBIZ (LTS:0HQI) LT-Debt-to-Total-Asset : 0.29 (As of Mar. 2024)

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What is CBIZ 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. CBIZ's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.29.

CBIZ's long-term debt to total assets ratio increased from Mar. 2023 (0.29) to Mar. 2024 (0.29). It may suggest that CBIZ is progressively becoming more dependent on debt to grow their business.

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

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

CBIZ Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.17

0.19

0.23

0.25

CBIZ 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															0.29	0.28	0.28	0.25	0.29

CBIZ LT-Debt-to-Total-Asset Calculation

CBIZ'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 )
	=	514.731	/	2043.592
	=	0.25

CBIZ'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 )
	=	637.459	/	2196.998
	=	0.29

CBIZ (LTS:0HQI) 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.

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

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CBIZ (LTS:0HQI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » CBIZ Inc (LTS:0HQI) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

CBZ:USA XC4:Germany

Address

6801 Brecksville Road, Door N., Independence, OH, USA, 44131

Website

https://www.cbiz.com

CBIZ Inc through its subsidiaries provides professional business services. Its business units have been aggregated into three practice groups: Financial Services, Benefits and Insurance Services, and National Practices. The company provides its services to various industries such as Agribusiness, Agribusiness, SAAS, Construction, Health Care, Oil and Gas, Real Estate, Retail, Financial Institutions, and Government among others. It derives the majority of its revenues from the Financial Services segment and geographically from the United States.

CBIZ (LTS:0HQI) Headlines

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