Salmones Camanchaca (XSGO:SALMOCAM) LT-Debt-to-Total-Asset : 0.27 (As of Mar. 2024)

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What is Salmones Camanchaca 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. Salmones Camanchaca's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.27.

Salmones Camanchaca's long-term debt to total assets ratio increased from Mar. 2023 (0.23) to Mar. 2024 (0.27). It may suggest that Salmones Camanchaca is progressively becoming more dependent on debt to grow their business.

Salmones Camanchaca LT-Debt-to-Total-Asset Historical Data

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

Salmones Camanchaca Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.22

0.21

0.31

0.23

0.26

Salmones Camanchaca 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															0.23	0.22	0.27	0.26	0.27

Salmones Camanchaca LT-Debt-to-Total-Asset Calculation

Salmones Camanchaca'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 )
	=	105512.592	/	411814.156
	=	0.26

Salmones Camanchaca'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 )
	=	105558.858	/	384991.895
	=	0.27

Salmones Camanchaca (XSGO:SALMOCAM) 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.

Salmones Camanchaca LT-Debt-to-Total-Asset Related Terms

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Salmones Camanchaca (XSGO:SALMOCAM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Salmones Camanchaca SA (XSGO:SALMOCAM) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

SACAM:Norway 2SA0:Germany

Address

Diego Portales 2000, Floor 13, Puerto Montt, CHL

Website

https://www.camanchaca.cl

Salmones Camanchaca SA is engaged in the fishing industry. The company is into breeding, producing, marketing and farming salmon and other species or organisms whose normal and frequent environment is water, including research and development of salmonidae genetics, farming, cultivating, processing, producing and marketing seafood. The products of company are Atlantic salmon, Coho salmon and others. The majority of the sales of company is in the United States.

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