Beacon Roofing Supply (STU:OWY) LT-Debt-to-Total-Asset : 0.46 (As of Mar. 2024)

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What is Beacon Roofing Supply 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. Beacon Roofing Supply's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.46.

Beacon Roofing Supply's long-term debt to total assets ratio increased from Mar. 2023 (0.39) to Mar. 2024 (0.46). It may suggest that Beacon Roofing Supply is progressively becoming more dependent on debt to grow their business.

Beacon Roofing Supply LT-Debt-to-Total-Asset Historical Data

The historical data trend for Beacon Roofing Supply'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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Beacon Roofing Supply LT-Debt-to-Total-Asset Chart

Beacon Roofing Supply Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.40

0.44

0.35

0.39

0.45

Beacon Roofing Supply 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	0.33	0.44	0.45	0.46

Beacon Roofing Supply LT-Debt-to-Total-Asset Calculation

Beacon Roofing Supply'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 )
	=	2564.207	/	5692.461
	=	0.45

Beacon Roofing Supply'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 )
	=	2893.768	/	6273.02
	=	0.46

Beacon Roofing Supply (STU:OWY) 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.

Beacon Roofing Supply LT-Debt-to-Total-Asset Related Terms

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Beacon Roofing Supply (STU:OWY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Beacon Roofing Supply Inc (STU:OWY) » Definitions » LT-Debt-to-Total-Asset

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BECN:USA

Address

505 Huntmar Park Drive, Suite 300, Herndon, VA, USA, 20170

Website

https://www.becn.com

Beacon Roofing Supply Inc manufactures and sells roofing and building materials throughout the United States and Canada. Beacon's key customers consist of contractors, home builders, lumberyards, retailers, wholesale distributors, and building materials suppliers. The company's product portfolio includes both residential and non-residential roofing materials, siding, windows, and waterproofing systems. The majority of revenue is generated from residential and non-residential roofing products. The vast majority of Beacon's revenue comes from the United States.

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