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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. AZZ's long-term debt to total assests ratio for the quarter that ended in Feb. 2024 was 0.44.
AZZ's long-term debt to total assets ratio declined from Feb. 2023 (0.49) to Feb. 2024 (0.44). It may suggest that AZZ is progressively becoming less dependent on debt to grow their business.
The historical data trend for AZZ'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.
AZZ Annual Data | |||||||||||||||||||||
Trend | Feb15 | Feb16 | Feb17 | Feb18 | Feb19 | Feb20 | Feb21 | Feb22 | Feb23 | Feb24 | |||||||||||
LT-Debt-to-Total-Asset | Get a 7-Day Free Trial | 0.11 | 0.21 | 0.21 | 0.49 | 0.44 |
AZZ 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 | 0.49 | 0.48 | 0.46 | 0.45 | 0.44 |
AZZ's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Feb. 2024 is calculated as
LT Debt to Total Assets (A: Feb. 2024 ) | = | Long-Term Debt & Capital Lease Obligation (A: Feb. 2024 ) | / | Total Assets (A: Feb. 2024 ) |
= | 970.569 | / | 2195.505 | |
= | 0.44 |
AZZ'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 ) |
= | 970.569 | / | 2195.505 | |
= | 0.44 |
* 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.
AZZ (NYSE:AZZ) 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.
Thank you for viewing the detailed overview of AZZ's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Tiffany Moseley | officer: Chief Accounting Officer | ONE MUSEUM PLACE, 3100 WEST 7TH STREET, SUITE 500, FORT WORTH TX 76107 |
Ken Lavelle | officer: President & GM - Electrical | ONE MUSEUM PLACE, 3100 W. 7TH STREET, SUITE 500, FORT WORTH TX 76107 |
Kurt L. Russell | officer: COO - Precoat Metals | ONE MUSEUM PLACE, 3100 WEST 7TH STREET, SUITE 500, FORT WORTH TX 76107 |
Philip A Schlom | officer: VP, Chief Accounting Officer | C/O PARKER DRILLING COMPANY, 5 GREENWAY PLAZA, SUITE 100, HOUSTON TX 77046 |
Thomas E Ferguson | director, officer: President and CEO | ONE MUSEUM PLACE, SUITE 500, 3100 WEST 7TH STREET, FORT WORTH TX 76107 |
David Kaden | director | C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154 |
Tara D Mackey | officer: VP Chief Legal Officer | ONE MUSEUM PLACE, SUITE 500, 3100 WEST 7TH STREET, FORT WORTH TX 76116 |
Bryan Lee Stovall | officer: SVP - Metal Coatings | ONE MUSEUM PLACE, SUITE 500, 3100 WEST 7TH STREET, FORT WORTH TX 76107 |
Clive A Grannum | director | OLIN CORPORATION, 190 CARONDELET PLAZA, SUITE 1530, CLAYTON MO 63105 |
Carol R Jackson | director | 777 E. WISCONSIN AVENUE, MILWAUKEE WI 53202 |
Gary L. Hill | officer: President & GM-Industrial | ONE MUSEUM PLACE, 3100 W. 7TH STREET, SUITE 500, FORT WORTH TX 76107 |
Michael Doucet | officer: SVP - Alternative Coatings | ONE MUSEUM PLACE, 3100 W. 7TH STREET, SUITE 500, FORT WORTH TX 76107 |
Kevern R Joyce | director | ONE MUSEUM PLACE, SUITE 500, 3100 WEST 7TH STREET, FORT WORTH TX 76107 |
Paul Wesley Fehlman | other: Finance | ONE MUSEUM PLACE, SUITE 500, 3100 WEST 7TH STREET, FORT WORTH TX 76107 |
Matthew Varley Emery | officer: VP CHIEF INFORMATION OFFICER | ONE MUSEUM PLACE, SUITE 500, 3100 WEST 7TH STREET, FORT WORTH TX 76107 |
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