Pet Valu Holdings (TSX:PET) LT-Debt-to-Total-Asset : 0.70 (As of Mar. 2024)

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What is Pet Valu 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. Pet Valu Holdings's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.70.

Pet Valu Holdings's long-term debt to total assets ratio declined from Mar. 2023 (0.71) to Mar. 2024 (0.70). It may suggest that Pet Valu Holdings is progressively becoming less dependent on debt to grow their business.

Pet Valu Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Pet Valu 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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Pet Valu Holdings LT-Debt-to-Total-Asset Chart

Pet Valu Holdings Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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1.75

1.55

0.89

0.72

Pet Valu Holdings Quarterly Data
	Dec18	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														0.71	0.73	0.71	0.72	0.70

Pet Valu Holdings LT-Debt-to-Total-Asset Calculation

Pet Valu 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 )
	=	655.307	/	916.907
	=	0.71

Pet Valu 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 )
	=	656.278	/	943.92
	=	0.70

Pet Valu Holdings (TSX:PET) 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.

Pet Valu Holdings LT-Debt-to-Total-Asset Related Terms

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Pet Valu Holdings (TSX:PET) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Pet Valu Holdings Ltd (TSX:PET) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

PTVLF:USA

Address

130 Royal Crest Court, Markham, ON, CAN, L3R0A1

Website

https://www.petvalu.com

Pet Valu Holdings Ltd is engaged in providing pet-related products through its stores. Its products include Dry Food, Wet Food, Frozen raw food, Jerky Treats, and Training treats among others. The services offered by the company include Dog Wash, Adoption, Grooming, and Frozen Raw.

Executives