Evertec (Evertec) LT-Debt-to-Total-Asset : 0.48 (As of Mar. 2024)

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What is Evertec 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. Evertec's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.48.

Evertec's long-term debt to total assets ratio increased from Mar. 2023 (0.35) to Mar. 2024 (0.48). It may suggest that Evertec is progressively becoming more dependent on debt to grow their business.

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

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

Evertec Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.53

0.47

0.40

0.35

0.46

Evertec 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															0.35	0.33	0.31	0.46	0.48

Evertec LT-Debt-to-Total-Asset Calculation

Evertec'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 )
	=	955.849	/	2060.263
	=	0.46

Evertec'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 )
	=	950.403	/	1996.486
	=	0.48

Evertec (NYSE:EVTC) 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.

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

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Evertec (Evertec) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Evertec Inc (NYSE:EVTC) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

EVTC:Mexico

Address

Cupey Center Building, Road 176, Kilometer 1.3, San Juan, PRI, 00926

Website

https://www.evertecinc.com

Evertec Inc is a transaction processing business in Latin America and the Caribbean. Its business segments are Merchant Acquiring, Payment Services - Puerto Rico & Caribbean, Payment Services - Latin America, and Business Solutions. The company serves a diversified customer base of financial institutions, merchants, corporations and government agencies with mission-critical technology solutions that enable them to issue, process and accept transactions securely. The company derives revenue based on transaction or discount fees or fees based on the number of accounts on file.

Executives

Diego Viglianco	officer: EVP & Chief Operating Officer	PO BOX 364527, SAN JUAN PR 00936
Paola Perez-surillo	officer: Senior Vice President	PO BOX 364527, SAN JUAN PR 00936-4527
Virginia Gambale	director	C/O JETBLUE AIRWAYS CORP., 27-01 QUEENS PLAZA NORTH, LONG ISLAND CITY NY 11101
Joaquin A. Castrillo-salgado	officer: Vice President of Finance	PO BOX 364527, SAN JUAN PR 00936-4527
Luis A Rodriguez-gonzalez	officer: General Counsel & Secretary	PO BOX 364527, SAN JUAN PR 00936-4527
Morgan M Schuessler	director, officer: President & CEO	PO BOX 364527, SAN JUAN PR 00936-4527
Popular Inc	10 percent owner	P.O. BOX 362708, SAN JUAN PR 00936-2708
Guillermo Rospigliosi	officer: Executive Vice President	PO BOX 364527, SAN JUAN PR 00936-4527
Castillo Rodrigo Del	officer: Executive Vice President	PO BOX 364527, SAN JUAN PR 00936-4527
Kelly Hefner Barrett	director	4630 WYNMEADE PARK, MARIETTA GA 30067
Philip E. Steurer	officer: Chief Operating Officer	PO BOX 364527, SAN JUAN PR 00936-4527
Miguel Vizcarrondo	officer: Executive Vice President	PO BOX 364527, SAN JUAN PR 00936-4527
Frank D. D'angelo	director	PO BOX 364527, SAN JUAN PR 00936-4527
Carlos J. Ramirez	officer: Executive Vice President	PO BOX 364527, SAN JUAN PR 00936-4527
Ivan Pagan	director	PO BOX 364527, SAN JUAN PR 00936-4527