XPEL (XPEL) LT-Debt-to-Total-Asset : 0.14 (As of Mar. 2024)

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What is XPEL 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. XPEL's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.14.

XPEL's long-term debt to total assets ratio declined from Mar. 2023 (0.19) to Mar. 2024 (0.14). It may suggest that XPEL is progressively becoming less dependent on debt to grow their business.

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

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

XPEL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.08

0.09

0.22

0.20

0.13

XPEL 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															0.19	0.12	0.05	0.13	0.14

XPEL LT-Debt-to-Total-Asset Calculation

XPEL'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 )
	=	32.032	/	252.041
	=	0.13

XPEL'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 )
	=	37.107	/	258.492
	=	0.14

XPEL (NAS:XPEL) 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.

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

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XPEL (XPEL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » XPEL Inc (NAS:XPEL) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

XPX:Germany

Address

711 Broadway, Suite 320, San Antonio, TX, USA, 78215

Website

https://www.xpel.com

XPEL Inc is a provider of protective films and coatings, including automotive paint protection film, surface protection film, automotive and commercial/residential window films, and ceramic coatings. The company has a network of trained installers and proprietary DAP software, dedicated to exceeding customer expectations by providing quality products, customer service, technical support, and world-class training.

Executives

Ryan Pape	director, officer: President and CEO	618 W SUNSET ROAD, SAN ANTONIO TX 78216
John F North	director	150 N. BARTLETT STREET, MEDFORD OR 97501
Mathieu Moreau	officer: Senior VP, Sales and Product	10 INWOOD CANYON DRIVE, SAN ANTONIO TX 78248
Barry Wood	officer: Senior Vice President/CFO	618 W. SUNSET ROAD, SAN ANTONIO TX 78216
Richard K. Crumly	director, 10 percent owner	P.O. BOX 460633, SAN ANTONIO TX 78246-0633
Mark Adams	director, 10 percent owner	12130 HIGHWAY 3, BUILDING 1, WEBSTER TX 77598
Mike Klonne	director	618 W. SUNSET ROAD, SAN ANTONIO TX 78216
Babatunde Awodiran	officer: SVP, Gen. Counsel, & Secretary	711 BROADWAY ST., SUITE 320, SAN ANTONIO TX 78215
Stacy L Bogart	director	13200 PIONEER TRAIL, EDEN PRAIRIE MN 55347
John Constantine	director	618 W. SUNSET ROAD, SAN ANTONIO TX 78216
Brooks Meltzer	officer: VP, General Counsel, Secretary	13 CAMDEN OAKS, SAN ANTONIO TX 78248