Grupo Comercial ChedrauiB de CV (Grupo Comercial ChedrauiB de CV) LT-Debt-to-Total-Asset : 0.37 (As of Mar. 2024)

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What is Grupo Comercial ChedrauiB de CV 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. Grupo Comercial ChedrauiB de CV's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.37.

Grupo Comercial ChedrauiB de CV's long-term debt to total assets ratio declined from Dec. 2022 (0.38) to Mar. 2024 (0.37). It may suggest that Grupo Comercial ChedrauiB de CV is progressively becoming less dependent on debt to grow their business.

Grupo Comercial ChedrauiB de CV LT-Debt-to-Total-Asset Historical Data

The historical data trend for Grupo Comercial ChedrauiB de CV'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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Grupo Comercial ChedrauiB de CV LT-Debt-to-Total-Asset Chart

Grupo Comercial ChedrauiB de CV Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.37

0.35

0.32

0.44

0.38

Grupo Comercial ChedrauiB de CV Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.38	0.39	0.37	0.36	0.37

Grupo Comercial ChedrauiB de CV LT-Debt-to-Total-Asset Calculation

Grupo Comercial ChedrauiB de CV's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	2785.383	/	7357.339
	=	0.38

Grupo Comercial ChedrauiB de CV'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 )
	=	3182.876	/	8711.532
	=	0.37

Grupo Comercial ChedrauiB de CV (OTCPK:GCHEF) 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.

Grupo Comercial ChedrauiB de CV LT-Debt-to-Total-Asset Related Terms

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Grupo Comercial ChedrauiB de CV (Grupo Comercial ChedrauiB de CV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Grupo Comercial Chedraui SAB de CV (OTCPK:GCHEF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

CHDRAUIB:Mexico

Address

Avenida Constituyentes 1150, Colonia Lomas Altas, Mexico, DF, MEX, 11950

Website

http://www.chedraui.com.mx

Grupo Comercial Chedraui SAB de CV is a Spanish company engaged in the operation of hypermarkets in Mexico and supermarkets in the United States, and it also has a real estate division. In Mexico, the company operates through two retail formats: Tiendas Chedraui and Super Chedraui, which represent different sizes and depth of assortment. The retail stores in the U.S. are located in three southwest states: California, Nevada, and Arizona. The real estate division is involved in locating, building, and remodelling the stores, as well as leasing commercial space in shopping malls where there are Chedraui stores.