Universal Security Instruments (Universal Security Instruments) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2023)

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What is Universal Security Instruments 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. Universal Security Instruments's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.01.

Universal Security Instruments's long-term debt to total assets ratio declined from Dec. 2022 (0.02) to Dec. 2023 (0.01). It may suggest that Universal Security Instruments is progressively becoming less dependent on debt to grow their business.

Universal Security Instruments LT-Debt-to-Total-Asset Historical Data

The historical data trend for Universal Security Instruments'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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Universal Security Instruments LT-Debt-to-Total-Asset Chart

Universal Security Instruments Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

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0.02

0.14

0.03

0.02

Universal Security Instruments Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	0.02	0.02	0.01	0.01

Universal Security Instruments LT-Debt-to-Total-Asset Calculation

Universal Security Instruments's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (A: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2023 )	/	Total Assets (A: Mar. 2023 )
	=	0.172	/	8.4
	=	0.02

Universal Security Instruments's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	0.053	/	8.904
	=	0.01

Universal Security Instruments (AMEX:UUU) 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.

Universal Security Instruments LT-Debt-to-Total-Asset Related Terms

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Universal Security Instruments (Universal Security Instruments) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Universal Security Instruments Inc (AMEX:UUU) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

11407 Cronhill Drive, Suite A, Owings Mills, MD, USA, 21117

Website

https://www.universalsecurity.com

Universal Security Instruments Inc is a U.S based manufacturer and distributor of safety and security devices in the Peoples Republic of China . The company markets a line of residential smoke and carbon monoxide alarms under the trade names UNIVERSAL and USI Electric. It also markets products to the electrical distribution trade such as electrical and lighting distributors as well as manufactured housing companies. Its product portfolio consists of smoke and fire alarms, carbon monoxide alarms, multi-gas alarms, universal smoke sensing technology, and plug-in alarms.

Executives

Bitnile Holdings, Inc.	10 percent owner	11411 SOUTHERN HIGHLANDS PARKWAY, SUITE 240, LAS VEGAS NV 89141
North Star Investment Management Corp.	other: SEE NOTE 2 BELOW	20 N. WACKER DRIVE, SUITE # 1416, CHICAGO IL 60606
North Star Micro Cap Fund	10 percent owner	80 ARKAY DRIVE, SUITE 110, HAUPPAUGE NY 11788
Ira Bormel	director	11407 CRONHILL DRIVE, SUITE A, OWINGS MILLS MD 21117
Harvey B Grossblatt	director, officer: President, CEO	7-A GWYNNS MILL COURT, OWINGS MILLS MD 21117
Ronald A Seff	director	7-A GWYNNS MILL COURT, OWINGS MILLS MD 21117
Howard B Silverman	director	7-A GWYNNS MILL COURT, OWINGS MILLS MD 21117
Cary Luskin	director	7-A GWYNNS MILL COURT, OWINGS MILLS MD 21117
Michael L Kovens	10 percent owner	6 REGENCY CT, BALTIMORE MD 21208
James Ballard Huff	officer: Chief Financial Officer	7-A GWYNNS MILL COURT, OWINGS MILLS MD 21117
Ronald S Lazarus	10 percent owner	7-A GWYNNS MILL COURT, OWINGS MILLS MD 21117
Stephen C Knepper	director, 10 percent owner, officer: Chairman, CEO	7-A GWYNNS MILL COURT, OWINGS MILLS MD 21117