Art's-Way Manufacturing Co (Art's-Way Manufacturing Co) LT-Debt-to-Total-Asset : 0.14 (As of Feb. 2024)

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What is Art's-Way Manufacturing Co 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. Art's-Way Manufacturing Co's long-term debt to total assests ratio for the quarter that ended in Feb. 2024 was 0.14.

Art's-Way Manufacturing Co's long-term debt to total assets ratio increased from Feb. 2023 (0.14) to Feb. 2024 (0.14). It may suggest that Art's-Way Manufacturing Co is progressively becoming more dependent on debt to grow their business.

Art's-Way Manufacturing Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Art's-Way Manufacturing Co'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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Art's-Way Manufacturing Co LT-Debt-to-Total-Asset Chart

Art's-Way Manufacturing Co Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

LT-Debt-to-Total-Asset

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0.12

0.15

0.14

Art's-Way Manufacturing Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.14	0.15	0.13	0.14	0.14

Art's-Way Manufacturing Co LT-Debt-to-Total-Asset Calculation

Art's-Way Manufacturing Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Nov. 2023 is calculated as

LT Debt to Total Assets (A: Nov. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Nov. 2023 )	/	Total Assets (A: Nov. 2023 )
	=	3.366	/	24.402
	=	0.14

Art's-Way Manufacturing Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Feb. 2024 is calculated as

LT Debt to Total Assets (Q: Feb. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Feb. 2024 )	/	Total Assets (Q: Feb. 2024 )
	=	3.314	/	24.254
	=	0.14

Art's-Way Manufacturing Co (NAS:ARTW) 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.

Art's-Way Manufacturing Co LT-Debt-to-Total-Asset Related Terms

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Art's-Way Manufacturing Co (Art's-Way Manufacturing Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Art's-Way Manufacturing Co Inc (NAS:ARTW) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

ID2:Germany

Address

5556 Highway 9, P.O. Box 288, Armstrong, IA, USA, 50514

Website

https://www.artsway-mfg.com

Art's-Way Manufacturing Co Inc is a manufacturer of agricultural equipment. It has three reportable segments: Agricultural Products, Modular Buildings, and Tools. The Agricultural Products segment fabricates and sells farming products as well as related equipment and replacement parts for these products in the United States and worldwide. Its Modular Buildings segment manufactures and installs modular buildings for animal containment and various laboratory uses. The Tools segment manufactures steel cutting tools and inserts. It derives revenues from the Agricultural Products segment.

Executives

Randall C. Ramsey	director	5556 HIGHWAY 9, ARMSTRONG IA 50514
Matthew Westendorf	director	C/O ART'S-WAY MANUFACTURING CO. INC., 5556 HIGHWAY 9, ARMSTRONG IA 50514
David Alan King	officer: Executive Vice President	C/O ART'S-WAY MANUFACTURING CO. INC., 5556 HIGHWAY 9, ARMSTRONG IA 50514
Mcconnell J Ward Jr	director, 10 percent owner
Michael William Woods	officer: Controller	C/O ART'S WAY MANUFACTURING CO., INC., 5556 HIGHWAY 9, ARMSTRONG IA 50514
Marc H Mcconnell	director	1118 N QUEEN ST, KINSTON NC 28501
David Allan White	director	C/O 5556 HIGHWAY 8, ARMSTRONG IA 50514
Carrie L. Gunnerson	officer: President and CEO	5556 HIGHWAY 9, ARMSTRONG IA 50514
Joseph R Dancy	director	1007 BEAVER CREEK, DUNCANVILLE TX 75137
Michael Furness	officer: Director of Finance	5556 HIGHWAY 9, ARMSTRONG IA 50514
David R Castle	director	P.O. BOX 1738, LAKEFIELD A6 K0L 2H0
Dean James Droegemueller	officer: Director of Finance	5825 VINCENT AVENUE SOUTH, MINNEAPOLIS MN 55410
Fred William Krahmer	director	204 LAKE AVENUE, SUITE 201, FAIRMONT MN 56031
Thomas E Buffamante	director	6863 WOODLAND DRIVE NORTH, GREAT VALLEY NY 14741
Douglas Richard Mcclellan	director