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Griffin Land & Nurseries Inc (NAS:GRIF)
Long-Term Debt to Total Assets
0.38 (As of Aug. 2014)

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 divide by its total assets. Griffin Land & Nurseries Inc's long-term debt to total assests ratio for the quarter that ended in Aug. 2014 was 0.38.

Griffin Land & Nurseries Inc's long-term debt to total assets ratio increased from Aug. 2013 (0.35) to Aug. 2014 (0.38). It may suggest that Griffin Land & Nurseries Inc is progressively becoming more dependent on debt to grow their business.


Definition

Griffin Land & Nurseries Inc's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Nov. 2013 is calculated as

LT Debt to Total Assets (A: Nov. 2013 )=Long-Term Debt (A: Nov. 2013 )/Total Assets (A: Nov. 2013 )
=64.692/184.727
=0.35

Griffin Land & Nurseries Inc's Long-Term Debt to Total Asset Ratio for the quarter that ended in Aug. 2014 is calculated as

LT Debt to Total Assets (Q: Aug. 2014 )=Long-Term Debt (Q: Aug. 2014 )/Total Assets (Q: Aug. 2014 )
=70.673/184.638
=0.38

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


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.


Related Terms

Long-Term Debt, Total Assets


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Griffin Land & Nurseries Inc Annual Data

Nov04Nov05Nov06Nov07Nov08Nov09Nov10Nov11Nov12Nov13
ltd2asset 0.180.230.230.230.220.320.340.340.320.35

Griffin Land & Nurseries Inc Quarterly Data

May12Aug12Nov12Feb13May13Aug13Nov13Feb14May14Aug14
ltd2asset 0.330.320.320.320.320.350.350.360.360.38
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