Vamos Locacao De Caminhoes Maquinas E Equipamentos (BSP:VAMO3) LT-Debt-to-Total-Asset : 0.52 (As of Dec. 2023)

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What is Vamos Locacao De Caminhoes Maquinas E Equipamentos 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. Vamos Locacao De Caminhoes Maquinas E Equipamentos's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.52.

Vamos Locacao De Caminhoes Maquinas E Equipamentos's long-term debt to total assets ratio increased from Dec. 2022 (0.42) to Dec. 2023 (0.52). It may suggest that Vamos Locacao De Caminhoes Maquinas E Equipamentos is progressively becoming more dependent on debt to grow their business.

Vamos Locacao De Caminhoes Maquinas E Equipamentos LT-Debt-to-Total-Asset Historical Data

The historical data trend for Vamos Locacao De Caminhoes Maquinas E Equipamentos'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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Vamos Locacao De Caminhoes Maquinas E Equipamentos LT-Debt-to-Total-Asset Chart

Vamos Locacao De Caminhoes Maquinas E Equipamentos Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.56

0.60

0.58

0.42

0.52

Vamos Locacao De Caminhoes Maquinas E Equipamentos Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.42	0.48	0.54	0.49	0.52

Vamos Locacao De Caminhoes Maquinas E Equipamentos LT-Debt-to-Total-Asset Calculation

Vamos Locacao De Caminhoes Maquinas E Equipamentos'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 )
	=	10835.383	/	20808.826
	=	0.52

Vamos Locacao De Caminhoes Maquinas E Equipamentos's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	10835.383	/	20808.826
	=	0.52

Vamos Locacao De Caminhoes Maquinas E Equipamentos (BSP:VAMO3) 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.

Vamos Locacao De Caminhoes Maquinas E Equipamentos LT-Debt-to-Total-Asset Related Terms

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Vamos Locacao De Caminhoes Maquinas E Equipamentos (BSP:VAMO3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Vamos Locacao De Caminhoes Maquinas E Equipamentos SA (BSP:VAMO3) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1017, Rua Dr. Renato Paes de Barros, Floor 09, Room 02, Itaim Bibi, São Paulo, SP, BRA, 04530-001

Website

https://www.grupovamos.com.br

Vamos Locacao De Caminhoes Maquinas E Equipamentos SA is engaged in the lease, sale and resale of trucks, machinery and equipment, fleet management and renders vehicle mechanics, industrialization, customization and body shop services. The company operates in three operating segments which comprise 1)Truck, machinery and equipment dealerships: sale of trucks, machinery and equipment; resale of used trucks, machinery and equipment, parts, machinery and accessories; mechanics auto body repair and paint services; 2) Lease of trucks, machinery and equipment: lease of trucks, machinery and equipment and fleet management; 3) Customization, manufacturing and transformation of trucks.

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