Art's-Way Manufacturing Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was $5.25 Mil. Art's-Way Manufacturing Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was $3.31 Mil. Art's-Way Manufacturing Co's Total Stockholders Equity for the quarter that ended in Feb. 2024 was $11.21 Mil.
Art's-Way Manufacturing Co's debt to equity for the quarter that ended in Feb. 2024 was 0.76.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Art's-Way Manufacturing Co's Debt-to-Equity or its related term are showing as below:
ARTW'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.32 Med: 0.52 Max: 0.81
Current: 0.76
During the past 13 years, the highest Debt-to-Equity Ratio of Art's-Way Manufacturing Co was 0.81. The lowest was 0.32. And the median was 0.52.
Art's-Way Manufacturing Co Debt-to-Equity Historical Data
The historical data trend for Art's-Way Manufacturing Co's Debt-to-Equity 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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Art's-Way Manufacturing Co Annual Data
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|
Trend |
Nov14 |
Nov15 |
Nov16 |
Nov17 |
Nov18 |
Nov19 |
Nov20 |
Nov21 |
Nov22 |
Nov23 |
| Debt-to-Equity |
|
|
|
|
|
|
0.43 |
0.52 |
0.68 |
0.66 |
0.70 |
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Art's-Way Manufacturing Co Quarterly Data
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|
May19 |
Aug19 |
Nov19 |
Feb20 |
May20 |
Aug20 |
Nov20 |
Feb21 |
May21 |
Aug21 |
Nov21 |
Feb22 |
May22 |
Aug22 |
Nov22 |
Feb23 |
May23 |
Aug23 |
Nov23 |
Feb24 |
| Debt-to-Equity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0.59 |
0.74 |
0.69 |
0.70 |
0.76 |
Competitive Comparison
For the Farm & Heavy Construction Machinery subindustry, Art's-Way Manufacturing Co's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Art's-Way Manufacturing Co Debt-to-Equity Distribution
For the Farm & Heavy Construction Machinery industry and Industrials sector, Art's-Way Manufacturing Co's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Art's-Way Manufacturing Co's Debt-to-Equity falls into.
Art's-Way Manufacturing Co Debt-to-Equity Calculation
Debt to Equity measures the financial leverage a company has.
Art's-Way Manufacturing Co's Debt to Equity Ratio for the fiscal year that ended in Nov. 2023 is calculated as
Art's-Way Manufacturing Co's Debt to Equity Ratio for the quarter that ended in Feb. 2024 is calculated as
* 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.
Art's-Way Manufacturing Co (Art's-Way Manufacturing Co) Business Description
Traded in Other Exchanges
Address
5556 Highway 9, P.O. Box 288, Armstrong, IA, USA, 50514
Art's-Way Manufacturing Co Inc is a manufacturer of agricultural equipment. It has three reportable segments: Agricultural Products, Modular Buildings, and Tools. The Agricultural Products segment fabricates and sells farming products as well as related equipment and replacement parts for these products in the United States and worldwide. Its Modular Buildings segment manufactures and installs modular buildings for animal containment and various laboratory uses. The Tools segment manufactures steel cutting tools and inserts. It derives revenues from the Agricultural Products segment.
Executives
| Randall C. Ramsey |
director |
5556 HIGHWAY 9, ARMSTRONG IA 50514 |
| Matthew Westendorf |
director |
C/O ART'S-WAY MANUFACTURING CO. INC., 5556 HIGHWAY 9, ARMSTRONG IA 50514 |
| David Alan King |
officer: Executive Vice President |
C/O ART'S-WAY MANUFACTURING CO. INC., 5556 HIGHWAY 9, ARMSTRONG IA 50514 |
| Mcconnell J Ward Jr |
director, 10 percent owner |
|
| Michael William Woods |
officer: Controller |
C/O ART'S WAY MANUFACTURING CO., INC., 5556 HIGHWAY 9, ARMSTRONG IA 50514 |
| Marc H Mcconnell |
director |
1118 N QUEEN ST, KINSTON NC 28501 |
| David Allan White |
director |
C/O 5556 HIGHWAY 8, ARMSTRONG IA 50514 |
| Carrie L. Gunnerson |
officer: President and CEO |
5556 HIGHWAY 9, ARMSTRONG IA 50514 |
| Joseph R Dancy |
director |
1007 BEAVER CREEK, DUNCANVILLE TX 75137 |
| Michael Furness |
officer: Director of Finance |
5556 HIGHWAY 9, ARMSTRONG IA 50514 |
| David R Castle |
director |
P.O. BOX 1738, LAKEFIELD A6 K0L 2H0 |
| Dean James Droegemueller |
officer: Director of Finance |
5825 VINCENT AVENUE SOUTH, MINNEAPOLIS MN 55410 |
| Fred William Krahmer |
director |
204 LAKE AVENUE, SUITE 201, FAIRMONT MN 56031 |
| Thomas E Buffamante |
director |
6863 WOODLAND DRIVE NORTH, GREAT VALLEY NY 14741 |
| Douglas Richard Mcclellan |
director |
|
Art's-Way Manufacturing Co (Art's-Way Manufacturing Co) Headlines
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