Esterline Technologies (Esterline Technologies) LT-Debt-to-Total-Asset : 0.21 (As of Dec. 2018)

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What is Esterline Technologies 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. Esterline Technologies's long-term debt to total assests ratio for the quarter that ended in Dec. 2018 was 0.21.

Esterline Technologies's long-term debt to total assets ratio declined from Dec. 2017 (0.25) to Dec. 2018 (0.21). It may suggest that Esterline Technologies is progressively becoming less dependent on debt to grow their business.

Esterline Technologies LT-Debt-to-Total-Asset Historical Data

The historical data trend for Esterline Technologies'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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Esterline Technologies LT-Debt-to-Total-Asset Chart

Esterline Technologies Annual Data

Trend

Oct09

Oct10

Oct11

Oct12

Oct13

Oct14

Sep15

Sep16

Sep17

Sep18

LT-Debt-to-Total-Asset

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0.19

0.29

0.28

0.24

0.22

Esterline Technologies Quarterly Data
	Jan14	Apr14	Jul14	Oct14	Jan15	Apr15	Jul15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.25	0.24	0.24	0.22	0.21

Esterline Technologies LT-Debt-to-Total-Asset Calculation

Esterline Technologies's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2018 is calculated as

LT Debt to Total Assets (A: Sep. 2018 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2018 )	/	Total Assets (A: Sep. 2018 )
	=	654.922	/	3036.917
	=	0.22

Esterline Technologies's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2018 is calculated as

LT Debt to Total Assets (Q: Dec. 2018 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2018 )	/	Total Assets (Q: Dec. 2018 )
	=	646.845	/	3017.381
	=	0.21

Esterline Technologies (NYSE:ESL) 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.

Esterline Technologies LT-Debt-to-Total-Asset Related Terms

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Esterline Technologies (Esterline Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Esterline Technologies Corp (NYSE:ESL) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

500, 108th Avenue North East, Suite 1500, Bellevue, WA, USA, 98004

Website

http://www.esterline.com

Esterline Technologies Corp is a specialized manufacturing company serving aerospace and defense markets. It designs, produces, and markets engineered products and systems. The company operates in three technology segments: Avionics & Controls, Sensors & Systems, and Advanced Materials. Its products have been implemented into military and commercial aircraft and land-based platforms. Additional sales result from aftermarket repairs and spare parts for existing systems. Esterline has worldwide sales and distribution channels and will try to strengthen customer relationships by targeting specific segments. Approximately half of its revenue is derived from the United States. The remainder of sales come from Canada, France, United Kingdom, and other smaller regions.

Executives

Stephen M Nolan	officer: Executive VP, CFO	1300 WILSON BOULEVARD, SUITE 400, ARLINGTON VA 22209
Donald E. Walther	officer: Executive VP, General Counsel	500 108TH AVENUE NE, SUITE 1500, BELLEVUE WA 98004
Mary L Howell	director	1101 PENNSYLVANIA AVE STE 400, WASHINGTON DC 20004
Curtis C Reusser	director, officer: Chairman, President & CEO	C/O GOODRICH CORPORATION, 850 LAGOON DRIVE, CHULA VISTA CA 91910
Scott Ernest Kuechle	director	C/O GOODRICH CORPORATION, 2730 WEST TYVOLA ROAD, CHARLOTTE NC 28217
Michael J Covey	director	C/O POTLATCH CORPORATION, 601 W FIRST AVENUE, SUITE 1600, SPOKANE WA 99201
Michael J Cave	director	C/O ESTERLINE TECHNOLOGIES CORP, 500 108TH AVE NE, SUITE 1500, BELLEVUE WA 98004
Steven T Romick	10 percent owner	11400 W OLYMPIC BLVD, STE 1200, LOS ANGELES CA 90064
Mark Landecker	10 percent owner	11400 W. OLYMPIC BLVD., STE. 1200, LOS ANGELES CA 90064
J Richard Atwood	10 percent owner
Brian A. Selmo	10 percent owner	11400 W. OLYMPIC BLVD., STE. 1200, LOS ANGELES CA 90064
Gary E Pruitt	director	701 WESTERN AVENUE, GLENDALE CA 91201
Winship Henry Ward Iv	director	PO BOX 8614, RANCHO SANTA FE CA 92067
Jerry D Leitman	director
Richard Bradley Lawrence	director, officer: Executive Chairman	500 108TH AVENUE NE, SUITE 1500, BELLEVUE WA 98004