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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. Masonite International's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.46.
Masonite International's long-term debt to total assets ratio increased from Dec. 2022 (0.45) to Dec. 2023 (0.46). It may suggest that Masonite International is progressively becoming more dependent on debt to grow their business.
The historical data trend for Masonite International'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.
Masonite International Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
LT-Debt-to-Total-Asset | Get a 7-Day Free Trial | 0.47 | 0.43 | 0.46 | 0.45 | 0.46 |
Masonite International Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
LT-Debt-to-Total-Asset | Get a 7-Day Free Trial | 0.45 | 0.49 | 0.46 | 0.46 | 0.46 |
Masonite International's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as
LT Debt to Total Assets (A: Dec. 2023 ) | = | Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 ) | / | Total Assets (A: Dec. 2023 ) |
= | 1236.031 | / | 2685.379 | |
= | 0.46 |
Masonite International's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as
LT Debt to Total Assets (Q: Dec. 2023 ) | = | Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 ) | / | Total Assets (Q: Dec. 2023 ) |
= | 1236.031 | / | 2685.379 | |
= | 0.46 |
* 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.
Masonite International (NYSE:DOOR) 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 Masonite International's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Alexander Albert Legall | officer: See Remarks | 1242 EAST 5TH AVE, TAMPA FL 33605 |
Jay Ira Steinfeld | director | 4919 HOLLY STREET, BELLAIRE TX 77401 |
Catherine Anne Shellabarger | officer: VP & Chief Accounting Officer | 1242 EAST 5TH AVE, TAMPA FL 33605 |
Robert J Byrne | director | C/O MASONITE INTERNATIONAL CORPORATION, 201 NORTH FRANKLIN ST., SUITE 300, TAMPA FL 33602 |
Patrick Daniel Brisley | officer: VP & Chief Accounting Officer | 1242 EAST 5TH AVE, TAMPA FL 33605 |
Victoria Louise Philemon | officer: See Remarks | 1242 EAST 5TH AVE, TAMPA FL 33605 |
Peter R Dachowski | director | C/O BACKYARD HOLDCO, INC., 7830 FREEWAY CIRCLE, MIDDLEBURG HEIGHTS OH 44130 |
James C Pelletier | other: SVP, GC & Corporate Secretary | 1242 EAST 5TH AVENUE, TAMPA FL 33605 |
Robert Edgar Lewis | officer: See Remarks | C/O MASONITE INTERNATIONAL CORPORATION, 1242 EAST 5TH AVENUE, TAMPA FL 33602 |
Christopher O Ball | officer: President, Global Residential | 1242 EAST 5TH AVENUE, TAMPA FL 33605 |
Francis M Scricco | director | C/O AVAYA INC., 211 MOUNT AIRY ROAD, BASKING RIDGE NJ 07920 |
Barry A. Ruffalo | director | ASTEC INDUSTRIES, INC., 1725 SHEPHERD RD, CHATTANOOGA TN 37421 |
Jonathan F Foster | director | 777 THIRD AVE, 30TH FL, NEW YORK NY 10017 |
Randal Alan White | officer: See Remarks | C/O MASONITE INTERNATIONAL CORPORATION, 201 N. FRANKLIN STREET, SUITE 300, TAMPA FL 33602 |
John H. Chuang | director | 711 BOYLSTON STREET, BOSTON MA 02445 |
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