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Doman Building Materials Group (TSX:DBM) LT-Debt-to-Total-Asset : 0.27 (As of Mar. 2024)


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What is Doman Building Materials Group 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. Doman Building Materials Group's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.27.

Doman Building Materials Group's long-term debt to total assets ratio declined from Mar. 2023 (0.45) to Mar. 2024 (0.27). It may suggest that Doman Building Materials Group is progressively becoming less dependent on debt to grow their business.

Doman Building Materials Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Doman Building Materials Group'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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Doman Building Materials Group LT-Debt-to-Total-Asset Chart

Doman Building Materials Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.45 0.37 0.52 0.42 0.31

Doman Building Materials Group 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.45 0.47 0.42 0.31 0.27

Doman Building Materials Group LT-Debt-to-Total-Asset Calculation

Doman Building Materials Group'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 )
=444.62/1425.57
=0.31

Doman Building Materials Group'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 )
=446.408/1649.034
=0.27

* 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.

Doman Building Materials Group  (TSX:DBM) 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.

Doman Building Materials Group LT-Debt-to-Total-Asset Related Terms

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Doman Building Materials Group (TSX:DBM) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Doman Building Materials Group Ltd (TSX:DBM) » Definitions » LT-Debt-to-Total-Asset
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Traded in Other Exchanges
CWXZF:USA 2CW:Germany
Address
1100 Melville Street, Suite 1600, PO Box 39, Vancouver, BC, CAN, V6E 4A6
Website
https://www.domanbm.com
Doman Building Materials Group Ltd is a wholesale distributor of building materials and home renovation products. The company services the new home construction, home renovation and industrial markets by supplying the retail and wholesale lumber and building materials industry, hardware stores, industrial and furniture manufacturers and similar concerns. Its operations also include timber ownership and management of private timberlands and forest licenses, and agricultural post-peeling and pressure treating through CanWel Fibre Corp. Its operating segments are Building Materials and Other. Geographically the group has a business presence in Canada and the U.S.
Executives
Siegfried Josef Thoma Director

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