Schmitt Industries (STU:SI1A) LT-Debt-to-Total-Asset : 0.72 (As of May. 2022)

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What is Schmitt Industries 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. Schmitt Industries's long-term debt to total assests ratio for the quarter that ended in May. 2022 was 0.72.

Schmitt Industries's long-term debt to total assets ratio increased from May. 2021 (0.63) to May. 2022 (0.72). It may suggest that Schmitt Industries is progressively becoming more dependent on debt to grow their business.

Schmitt Industries LT-Debt-to-Total-Asset Historical Data

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

Schmitt Industries Annual Data

Trend

May13

May14

May15

May16

May17

May18

May19

May20

May21

May22

LT-Debt-to-Total-Asset

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0.63

0.72

Schmitt Industries Quarterly Data
	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.63	0.14	0.60	0.08	0.72

Schmitt Industries LT-Debt-to-Total-Asset Calculation

Schmitt Industries's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in May. 2022 is calculated as

LT Debt to Total Assets (A: May. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: May. 2022 )	/	Total Assets (A: May. 2022 )
	=	15.52	/	21.606
	=	0.72

Schmitt Industries's Long-Term Debt to Total Asset Ratio for the quarter that ended in May. 2022 is calculated as

LT Debt to Total Assets (Q: May. 2022 )	=	Long-Term Debt & Capital Lease Obligation (Q: May. 2022 )	/	Total Assets (Q: May. 2022 )
	=	15.52	/	21.606
	=	0.72

Schmitt Industries (STU:SI1A) 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.

Schmitt Industries LT-Debt-to-Total-Asset Related Terms

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Schmitt Industries (STU:SI1A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Schmitt Industries Inc (STU:SI1A) » Definitions » LT-Debt-to-Total-Asset

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Address

2765 North West Nicolai Street, Portland, OR, USA, 97210

Website

https://www.schmittindustries.com

Schmitt Industries Inc is engaged in propane tank monitoring solutions, precision measurement solutions, and ice cream production and distribution. The Company operates as two reportable segments: the Measurement Segment and the Ice Cream Segment. Xact product line includes satellite-focused remote tank monitoring products and related monitoring services for markets in the IoT environment. The Company also manufactures, wholesales, and retails ice cream and related products.

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