Mestek (Mestek) LT-Debt-to-Total-Asset : 0.04 (As of Sep. 2023)

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What is Mestek 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. Mestek's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.04.

Mestek's long-term debt to total assets ratio increased from Mar. 2018 (0.04) to Sep. 2023 (0.04). It may suggest that Mestek is progressively becoming more dependent on debt to grow their business.

Mestek LT-Debt-to-Total-Asset Historical Data

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

Mestek Annual Data

Trend

Dec03

Dec04

Dec05

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

LT-Debt-to-Total-Asset

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0.05

0.04

Mestek Quarterly Data
	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Sep22	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.04	0.04	0.04	-	0.04

Mestek LT-Debt-to-Total-Asset Calculation

Mestek's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2017 is calculated as

LT Debt to Total Assets (A: Dec. 2017 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2017 )	/	Total Assets (A: Dec. 2017 )
	=	10.163	/	265.811
	=	0.04

Mestek's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	18.421	/	435.069
	=	0.04

Mestek (OTCPK:MCCK) 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.

Mestek LT-Debt-to-Total-Asset Related Terms

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Mestek (Mestek) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Mestek Inc (OTCPK:MCCK) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

260 North Elm Street, Westfield, MA, USA, 1085

Website

https://www.mestek.com

Mestek Inc and its subsidiaries operate in two manufacturing business segments: heating, ventilating, and air conditioning equipment (HVAC) including architectural products, and metal forming equipment. The company manufactures its HVAC equipment and metal forming equipment at twelve factory locations and sells through an established distributor, dealer, and manufacturer's representative channels, in the United States and Canada. Geographically, it derives a majority of its revenue from North America and also has a presence in Europe, Asia, Mexico, and the Rest of the World.

Executives

J Nicholas Filler

officer: Senior Vice President

455 MATHEWS ROAD, CONWAY MA 01341

Mestek (Mestek) Headlines

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