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PAL (Proficient Auto Logistics) Debt-to-Asset : 0.15 (As of Jun. 2024)


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What is Proficient Auto Logistics Debt-to-Asset?

Proficient Auto Logistics's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $23.60 Mil. Proficient Auto Logistics's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $45.90 Mil. Proficient Auto Logistics's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2024 was $458.65 Mil. Proficient Auto Logistics's debt to asset for the quarter that ended in Jun. 2024 was 0.15.

Proficient Auto Logistics Debt-to-Asset Historical Data

The historical data trend for Proficient Auto Logistics's Debt-to-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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Proficient Auto Logistics Debt-to-Asset Chart

Proficient Auto Logistics Annual Data
Trend Dec23
Debt-to-Asset
0.14

Proficient Auto Logistics Quarterly Data
Mar23 Jun23 Dec23 Mar24 Jun24
Debt-to-Asset - - 0.14 - 0.15

Competitive Comparison of Proficient Auto Logistics's Debt-to-Asset

For the Integrated Freight & Logistics subindustry, Proficient Auto Logistics's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Proficient Auto Logistics's Debt-to-Asset Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Proficient Auto Logistics's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Proficient Auto Logistics's Debt-to-Asset falls into.


Proficient Auto Logistics Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Proficient Auto Logistics's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(21.71 + 39.744) / 430.677
=0.14

Proficient Auto Logistics's Debt-to-Asset for the quarter that ended in Jun. 2024 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(23.597 + 45.895) / 458.648
=0.15

* 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.

Proficient Auto Logistics  (NAS:PAL) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Proficient Auto Logistics Debt-to-Asset Related Terms

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Proficient Auto Logistics Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Proficient Auto Logistics Inc (NAS:PAL) » Definitions » Debt-to-Asset
Comparable Companies
Traded in Other Exchanges
N/A
Address
12276 San Jose Boulevard, Suite 426, Jacksonville, FL, USA, 32223
Website
https://www.proautogistics.com
Proficient Auto Logistics Inc is a non-union, specialized freight company focused on providing auto transportation and logistics services. The company operates auto transportation fleets in North America based upon information obtained from the Auto Haulers Association of America, utilizing auto transport vehicles and trailers daily, including Company-owned transport vehicles and trailers. The reportable segments of the company are Truckload and Brokerage. The company derives maximum revenue from the brokerage segment that retains the customer relationship, including billing and collection, and outsources the transportation of the loads to third-party carriers.