Zodiac Aerospace (Zodiac Aerospace) LT-Debt-to-Total-Asset : 0.10 (As of Aug. 2017)

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What is Zodiac Aerospace 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. Zodiac Aerospace's long-term debt to total assests ratio for the quarter that ended in Aug. 2017 was 0.10.

Zodiac Aerospace's long-term debt to total assets ratio declined from Aug. 2016 (0.16) to Aug. 2017 (0.10). It may suggest that Zodiac Aerospace is progressively becoming less dependent on debt to grow their business.

Zodiac Aerospace LT-Debt-to-Total-Asset Historical Data

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

Zodiac Aerospace Annual Data

Trend

Aug08

Aug09

Aug10

Aug11

Aug12

Aug13

Aug14

Aug15

Aug16

Aug17

LT-Debt-to-Total-Asset

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0.21

0.17

0.14

0.16

0.10

Zodiac Aerospace Semi-Annual Data
	Aug07	Aug08	Feb09	Aug09	Feb10	Aug10	Feb11	Aug11	Feb12	Aug12	Feb13	Aug13	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.14	0.19	0.16	0.18	0.10

Zodiac Aerospace LT-Debt-to-Total-Asset Calculation

Zodiac Aerospace's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Aug. 2017 is calculated as

LT Debt to Total Assets (A: Aug. 2017 )	=	Long-Term Debt & Capital Lease Obligation (A: Aug. 2017 )	/	Total Assets (A: Aug. 2017 )
	=	708.253	/	7302.804
	=	0.10

Zodiac Aerospace's Long-Term Debt to Total Asset Ratio for the quarter that ended in Aug. 2017 is calculated as

LT Debt to Total Assets (Q: Aug. 2017 )	=	Long-Term Debt & Capital Lease Obligation (Q: Aug. 2017 )	/	Total Assets (Q: Aug. 2017 )
	=	708.253	/	7302.804
	=	0.10

Zodiac Aerospace (OTCPK:ZODFY) 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.

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Zodiac Aerospace (Zodiac Aerospace) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Zodiac Aerospace (OTCPK:ZODFY) » Definitions » LT-Debt-to-Total-Asset

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Address

Website

http://www.zodiacaerospace.com

Zodiac Aerospace has two operating segments: aerosystem activities (70% of revenue), with tier-one niche positions in safety systems, electrical systems, control systems, and water and waste systems; and aircraft interiors activities (30% of revenue), comprising cabin and seats activities. The cabin business group provides all elements of integrated cabins, and Zodiac Seats design, certifies, and assembles aircraft seats for passengers and crew. In fiscal 2016, Zodiac generated EUR 5.2 billion in revenue.

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