Flexsteel Industries (Flexsteel Industries) Debt-to-Asset

: 0.32 (As of Dec. 2023)

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Flexsteel Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $7.6 Mil. Flexsteel Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $79.7 Mil. Flexsteel Industries's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was $272.5 Mil. Flexsteel Industries's debt to asset for the quarter that ended in Dec. 2023 was 0.32.

Flexsteel Industries Debt-to-Asset Historical Data

The historical data trend for Flexsteel Industries'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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Flexsteel Industries Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Asset

0.05

0.11

0.29

0.35

Flexsteel Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Asset																0.35	0.33	0.35	0.36	0.32

Competitive Comparison

For the Furnishings, Fixtures & Appliances subindustry, Flexsteel Industries'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.

Flexsteel Industries Debt-to-Asset Distribution

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Flexsteel Industries's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Flexsteel Industries's Debt-to-Asset falls into.

Flexsteel Industries Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Flexsteel Industries's Debt-to-Asset for the fiscal year that ended in Jun. 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
	=	(7.179	+	93.247)	/	290.55
	=	0.35

Flexsteel Industries's Debt-to-Asset for the quarter 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
	=	(7.565	+	79.711)	/	272.476
	=	0.32

Flexsteel Industries (NAS:FLXS) 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.

Flexsteel Industries Debt-to-Asset Related Terms

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Flexsteel Industries (Flexsteel Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Flexsteel Industries Inc (NAS:FLXS) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

385 Bell Street, Dubuque, IA, USA, 52001-0877

Website

https://www.flexsteel.com

Flexsteel Industries Inc is a United States-based company that manufactures, imports, and markets residential upholstered wooden furniture products. The products offering include sofas, loveseats, chairs, rockers, desks, tables, convertible bedding units, and bedroom furniture. The company's products are intended for use in home, office, hotel, healthcare, and other contract applications. A featured component in the company's upholstered furniture is the durable Blue Steel Spring. It operates in the business segment of Furniture products. The company's furniture products business involves the distribution of manufactured and imported products for residential and contract markets, of which key revenue is derived from the residential market.

Executives

Timothy Patrick Newlin	officer: VP - Home Furnishings	P.O. BOX 877, DUBUQUE IA 52004-0877
Derek P Schmidt	officer: CFO & COO	385 BELL STREET, DUBUQUE IA 52001
Jeanne Mcgovern	director	10003 WOODLOCH FOREST DRIVE, THE WOODLANDS TX 77380
Gilbert Alejandro Huerta	officer: CFO	P.O. BOX 877, DUBUQUE IA 52004
Thomas M Levine	director	P. O. BOX 877, DUBUQUE IA 52004
Kathryn P Dickson	director	1245 CEDAR LAKE ROAD S., MINNEAPOLIS MN 55416
Michael Scott Culbreth	director	3102 SHAWNEE DRIVE, WINCHESTER VA 22601
William S. Creekmuir	director	SIX CONCOURSE PARKWAY, SUITE 3300-A, ATLANTA GA 30328
Matthew Kaness	director	P.O. BOX 877, DUBUQUE IA 52004
Michael Joseph Mcclaflin	officer: Chief Information Officer	P.O. BOX 877, DUBUQUE IA 52004-0877
Jerald K Dittmer	officer: President & CEO	P.O. BOX 877, DUBUQUE IA 52004
Mary C Bottie	director	P. O. BOX 877, DUBUQUE IA 52004
Terrence Heath Willis	officer: VP - Direct Commerce	P.O. BOX 877, DUBUQUE IA 52004-0877
Hayden Carl Anthony Jr.	officer: VP - Manufacturing	P.O. BOX 877, DUBUQUE IA 52004-0877
Marcus D Hamilton	officer: Chief Financial Officer	P. O. BOX 877, DUBUQUE IA 52004