Stonepath Group (Stonepath Group) LT-Debt-to-Total-Asset : 0.04 (As of Sep. 2006)

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What is Stonepath Group 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. Stonepath Group's long-term debt to total assests ratio for the quarter that ended in Sep. 2006 was 0.04.

Stonepath Group's long-term debt to total assets ratio declined from Sep. 2005 (0.13) to Sep. 2006 (0.04). It may suggest that Stonepath Group is progressively becoming less dependent on debt to grow their business.

Stonepath Group LT-Debt-to-Total-Asset Historical Data

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

Stonepath Group Annual Data

Trend

Dec98

Dec99

Dec00

Dec01

Dec02

Dec03

Dec04

Dec05

LT-Debt-to-Total-Asset

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0.01

0.02

0.06

Stonepath Group Quarterly Data
	Dec01	Mar02	Jun02	Sep02	Dec02	Mar03	Jun03	Sep03	Dec03	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.13	0.06	0.07	0.02	0.04

Stonepath Group LT-Debt-to-Total-Asset Calculation

Stonepath Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2005 is calculated as

LT Debt to Total Assets (A: Dec. 2005 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2005 )	/	Total Assets (A: Dec. 2005 )
	=	7.602	/	135.282
	=	0.06

Stonepath Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2006 is calculated as

LT Debt to Total Assets (Q: Sep. 2006 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2006 )	/	Total Assets (Q: Sep. 2006 )
	=	4.236	/	98.918
	=	0.04

Stonepath Group (OTCPK:SGRZ) 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.

Stonepath Group LT-Debt-to-Total-Asset Related Terms

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Stonepath Group (Stonepath Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Stonepath Group Inc (OTCPK:SGRZ) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

2200 Alaskan Way, Suite 200, Seattle, WA, USA, 98121

Website

http://www.stonepath.com

Stonepath Group Inc is a non-asset based third-party logistics provider. The Company is engaged in shipping and transportation, managing all aspects of transit.

Executives

Dennis L Pelino	director
Bohn H Crain	officer: Chief Financial Officer	405 114TH AVENUE SE, THIRD FLOOR, BELLEVUE WA 98004
Stephen M Cohen	officer: General Counsel	1604 LOCUST STREET, THIRD FLOOR, PHILADELPHIA PA 19103

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