Ingles Markets (FRA:IN3A) Debt-to-Asset : 0.23 (As of Mar. 2024)

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What is Ingles Markets Debt-to-Asset?

Ingles Markets's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €23 Mil. Ingles Markets's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €513 Mil. Ingles Markets's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was €2,287 Mil. Ingles Markets's debt to asset for the quarter that ended in Mar. 2024 was 0.23.

Ingles Markets Debt-to-Asset Historical Data

The historical data trend for Ingles Markets's Debt-to-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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Ingles Markets Debt-to-Asset Chart

Ingles Markets Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Asset

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0.46

0.35

0.31

0.27

0.24

Ingles Markets Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial															0.26	0.25	0.24	0.24	0.23

Competitive Comparison of Ingles Markets's Debt-to-Asset

For the Grocery Stores subindustry, Ingles Markets's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Ingles Markets's Debt-to-Asset Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Ingles Markets's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Ingles Markets's Debt-to-Asset falls into.

Ingles Markets Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Ingles Markets's Debt-to-Asset for the fiscal year that ended in Sep. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(24.134	+	533.817)	/	2317.994
	=	0.24

Ingles Markets's Debt-to-Asset for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(22.93	+	512.738)	/	2287.403
	=	0.23

Ingles Markets (FRA:IN3A) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Ingles Markets Debt-to-Asset Related Terms

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Ingles Markets (FRA:IN3A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Ingles Markets Inc (FRA:IN3A) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

IMKTA:USA

Address

2913 U.S. Highway 70 West, Black Mountain, NC, USA, 28711

Website

https://www.ingles-markets.com

Ingles Markets Inc is a U.S.-based company that is principally engaged in operating a supermarket chain. The company operates the business in the southeast United States, mainly in Georgia, North Carolina, South Carolina, and Tennessee, with a few stores in Virginia and Alabama as well. The company locates its stores majorly in suburban areas, small towns, and neighborhood areas. It offers a broad range of goods, including food products, pharmacies, health and beauty care products, and general merchandise. The retail business contributes the majority of the company's revenue. The company's real estate ownership of a material portion of total stores enables it to generate rental income.

Ingles Markets (FRA:IN3A) Headlines

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