Enpro (STU:EP9) LT-Debt-to-Total-Asset : 0.27 (As of Mar. 2024)

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What is Enpro 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. Enpro's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.27.

Enpro's long-term debt to total assets ratio declined from Mar. 2023 (0.29) to Mar. 2024 (0.27). It may suggest that Enpro is progressively becoming less dependent on debt to grow their business.

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

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

Enpro Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.31

0.23

0.32

0.29

0.26

Enpro Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.29	0.29	0.26	0.26	0.27

Enpro LT-Debt-to-Total-Asset Calculation

Enpro's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	585.688	/	2292.041
	=	0.26

Enpro's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	616.4	/	2325.576
	=	0.27

Enpro (STU:EP9) 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.

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

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Enpro (STU:EP9) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Enpro Inc (STU:EP9) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

NPO:USA EP9:Germany

Address

5605 Carnegie Boulevard, Suite 500, Charlotte, NC, USA, 28209

Website

https://www.enpro.com

Enpro Inc formerly EnPro Industries Inc is a United States-based company that designs, develops, manufactures, and markets proprietary engineered industrial products. The company operates through three segments: Sealing Technologies, which manufactures and markets sealing products, wheel-end components & systems, and others; Advanced Surface Technologies manufactures wafer processing sub-systems, thin-film coatings, optical filters, and other services like cleaning, coating, testing, refurbishment, and verification services; Engineered Materials manufactures components for reciprocating compressors & engines, metal-polymer, engineered plastics, composite bearing products, and others. Its geographical segments are United States, Europe, and other foreign countries.

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