ARKO (XTAE:ARKO) LT-Debt-to-Total-Asset : 0.68 (As of Mar. 2024)

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What is ARKO 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. ARKO's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.68.

ARKO's long-term debt to total assets ratio increased from Mar. 2023 (0.67) to Mar. 2024 (0.68). It may suggest that ARKO is progressively becoming more dependent on debt to grow their business.

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

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

ARKO Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.67

0.70

0.67

ARKO 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														0.67	0.67	0.66	0.67	0.68

ARKO LT-Debt-to-Total-Asset Calculation

ARKO'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 )
	=	8914.888	/	13355.127
	=	0.67

ARKO'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 )
	=	8993.276	/	13247.268
	=	0.68

ARKO (XTAE:ARKO) 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.

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

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ARKO (XTAE:ARKO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » ARKO Corp (XTAE:ARKO) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

ARKO:USA

Address

8565 Magellan Parkway, Suite 400, Richmond, VA, USA, 23227-1150

Website

https://www.arkocorp.com

ARKO Corp operates as a holding company. The company, through its subsidiaries, owns and operates convenience stores in the United States. Some of its regional store brands include Stop, Admiral, Apple Market, BreadBox, E-Z Mart, fas mart, Li'l Cricket, and Next Door Store. Its retail store offers hot food service, beverages, cigarettes & other tobacco products, candy, salty snacks, grocery, beer, and general merchandise. ARKO operates in four segments: Retail segment, Wholesale segment, fleet fueling segment, and GPM Petroleum segment. The company derives the majority of its revenue from retail and wholesale distribution of fuel.