Monro (FRA:MR2) LT-Debt-to-Total-Asset : 0.32 (As of Mar. 2024)

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What is Monro 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. Monro's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.32.

Monro's long-term debt to total assets ratio declined from Mar. 2023 (0.33) to Mar. 2024 (0.32). It may suggest that Monro is progressively becoming less dependent on debt to grow their business.

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

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

Monro Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.51

0.41

0.39

0.33

0.32

Monro 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															0.33	0.31	0.30	0.31	0.32

Monro LT-Debt-to-Total-Asset Calculation

Monro's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (A: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2024 )	/	Total Assets (A: Mar. 2024 )
	=	490.669	/	1557.389
	=	0.32

Monro'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 )
	=	490.669	/	1557.389
	=	0.32

Monro (FRA:MR2) 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.

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

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Monro (FRA:MR2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Monro Inc (FRA:MR2) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

MNRO:USA MR2:Germany

Address

200 Holleder Parkway, Rochester, NY, USA, 14615

Website

https://www.monro.com

Monro Inc is a provider automobile service stations in the United States. Through its network of company-owned service stations, Monro Muffler Brake offers maintenance, repair, tire, and fleet management services for automobiles focused largely on undercar services such as brake, steering, exhaust, drivetrain, and suspension systems. Next to service stores, the company also offers tire stores specialised in tire replacement and service.

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