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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. Solitron Devices's long-term debt to total assests ratio for the quarter that ended in Nov. 2023 was 0.13.
Solitron Devices's long-term debt to total assets ratio declined from Nov. 2022 (0.18) to Nov. 2023 (0.13). It may suggest that Solitron Devices is progressively becoming less dependent on debt to grow their business.
The historical data trend for Solitron Devices'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.
Solitron Devices Annual Data | |||||||||||||||||||||
Trend | Feb12 | Feb13 | Feb14 | Feb15 | Feb16 | Feb19 | Feb20 | Feb21 | Feb22 | Feb23 | |||||||||||
LT-Debt-to-Total-Asset | Get a 7-Day Free Trial | - | 0.05 | 0.09 | 0.19 | 0.18 |
Solitron Devices Quarterly Data | ||||||||||||||||||||
Feb19 | May19 | Aug19 | Nov19 | Feb20 | May20 | Aug20 | Nov20 | Feb21 | May21 | Aug21 | Nov21 | Feb22 | May22 | Aug22 | Nov22 | Feb23 | May23 | Aug23 | Nov23 | |
LT-Debt-to-Total-Asset | Get a 7-Day Free Trial | 0.18 | 0.18 | 0.17 | 0.17 | 0.13 |
Solitron Devices's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Feb. 2023 is calculated as
LT Debt to Total Assets (A: Feb. 2023 ) | = | Long-Term Debt & Capital Lease Obligation (A: Feb. 2023 ) | / | Total Assets (A: Feb. 2023 ) |
= | 2.648 | / | 15.104 | |
= | 0.18 |
Solitron Devices's Long-Term Debt to Total Asset Ratio for the quarter that ended in Nov. 2023 is calculated as
LT Debt to Total Assets (Q: Nov. 2023 ) | = | Long-Term Debt & Capital Lease Obligation (Q: Nov. 2023 ) | / | Total Assets (Q: Nov. 2023 ) |
= | 2.565 | / | 19.477 | |
= | 0.13 |
* 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.
Solitron Devices (OTCPK:SODI) 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 Solitron Devices's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Howard Timothy Eriksen | director | 567 WILDROSE CIRCLE, LYNDEN WA 98264 |
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Olesen Value Fund L.p. | 10 percent owner | C/O OLESEN CAPITAL MANAGEMENT LLC, 185 HUDSON STREET, SUITE 2539, JERSEY CITY NJ 07311 |
John Stayduhar | other: Shareholder | C/O JOHN FARINA, 1601 FORUM PL. #900, WEST PALM BEACH FL 33401 |
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Cedar Creek Partners Llc | other: Shareholder | 8695 GLENDALE RD., CUSTER WA 98240 |
Eriksen Capital Management Llc | other: Shareholder | 8695 GLENDALE RD., CUSTER WA 98240 |
John F Chiste | director | |
Dwight P Aubrey | director | C/O SOLITRON DEVICES, INC., 3301 ELECTRONICS WAY, WEST PALM BEACH FL 33407 |
Joseph F Gerrity | director | |
Sidney H Kopperl | director | C/O SOLITRON DEVICES, INC., 3301 ELECTRONICS WAY, WEST PALM BEACH FL 33407 |
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