ROAD (Construction Partners) LT-Debt-to-Total-Asset : 0.34 (As of Jun. 2024)

View and export this data going back to 2018. Start your Free Trial

What is Construction Partners 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. Construction Partners's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.34.

Construction Partners's long-term debt to total assets ratio declined from Jun. 2023 (0.36) to Jun. 2024 (0.34). It may suggest that Construction Partners is progressively becoming less dependent on debt to grow their business.

Construction Partners LT-Debt-to-Total-Asset Historical Data

The historical data trend for Construction Partners'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.

* Premium members only.

Construction Partners LT-Debt-to-Total-Asset Chart

Construction Partners Annual Data

Trend

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.08

0.14

0.26

0.34

0.31

Construction Partners Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.36	0.31	0.35	0.34	0.34

Construction Partners LT-Debt-to-Total-Asset Calculation

Construction Partners's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (A: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2023 )	/	Total Assets (A: Sep. 2023 )
	=	373.389	/	1219.665
	=	0.31

Construction Partners's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	480.704	/	1432.096
	=	0.34

Construction Partners (NAS:ROAD) 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.

Construction Partners LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Construction Partners's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Construction Partners Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Construction Partners Inc (NAS:ROAD) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

CQY:Germany

Address

290 Healthwest Drive, Suite 2, Dothan, AL, USA, 36303

Website

https://www.constructionpartners.net

Construction Partners Inc operates as an infrastructure and road construction company. It provides construction products and services to the public and private sectors. Its services cover the construction of highways, roads, bridges, airports, and commercial and residential sites. The company provides site development, paving, utility and drainage systems, as well as supplies hot mix asphalt.

Executives

Mark R Matteson	director, 10 percent owner	290 HEALTHWEST DRIVE, SUITE 2, DOTHAN AL 36303
Stefan L Shaffer	director	290 HEALTHWEST DRIVE, SUITE 2, DOTHAN AL 36303
Robert P. Flowers	officer: Senior Vice President	3372 CAPITAL CIRCLE NE, TALLAHASSEE FL 32308
Noreen E Skelly	director	8214 WESTCHESTER DRIVE, SUITE 400, DALLAS TX 75225
Todd Keith Andrews	officer: Chief Accounting Officer	290 HEALTHWEST DRIVE, SUITE 2, DOTHAN AL 36303
Suntx Capital Ii Management Corp.	director, 10 percent owner	5420 LBJ FREEWAY, SUITE 1000, DALLAS TX 75240
Craig Jennings	director, 10 percent owner	5204 LAKECREET CT., PLANO TX 75093
Suntx Cpi Capital Management Corp.	director, 10 percent owner	5420 LBJ FREEWAY, SUITE 1000, DALLAS TX 75240
Fleming Ned N. Iv	other: Member of 10% owner group	5420 LBJ FREEWAY, SUITE 1000, DALLAS TX 75240
Ned N. Fleming, Iv 2013 Trust	other: Member of 10% owner group	5420 LBJ FREEWAY, SUITE 1000, DALLAS TX 75240
John L Harper	officer: Senior Vice President	170 EAST MAIN STREET, DOTHAN AL 36301
Suntx Capital Partners Ii Lp	director, 10 percent owner	TWO LINCOLN CENTRE, 5420 LBJ FREEWAY, SUITE 1000, DALLAS TX 75240
Suntx Capital Partners Ii Dutch Investors Lp	director, 10 percent owner	TWO LINCOLN CENTRE, 5420 LBJ FREEWAY, SUITE 1000, DALLAS TX 75240
Suntx Cpi Expansion Fund Gp, L.p.	director, 10 percent owner	5420 LBJ FREEWAY, SUITE 1000, DALLAS TX 75214
Gregory A Hoffman	officer: Senior VP, Finance	290 HEALTHWEST DRIVE, SUITE 2, DOTHAN AL 36303