The Eastern Co (STU:EAQ) Debt-to-Asset : 0.26 (As of Sep. 2024)

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What is The Eastern Co Debt-to-Asset?

The Eastern Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was €6.6 Mil. The Eastern Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was €50.3 Mil. The Eastern Co's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was €220.0 Mil. The Eastern Co's debt to asset for the quarter that ended in Sep. 2024 was 0.26.

The Eastern Co Debt-to-Asset Historical Data

The historical data trend for The Eastern Co's Debt-to-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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The Eastern Co Debt-to-Asset Chart

The Eastern Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.40

0.37

0.31

0.29

0.25

The Eastern Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Asset	Get a 7-Day Free Trial															0.26	0.25	0.24	0.23	0.26

Competitive Comparison of The Eastern Co's Debt-to-Asset

For the Tools & Accessories subindustry, The Eastern Co's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.

The Eastern Co's Debt-to-Asset Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, The Eastern Co's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where The Eastern Co's Debt-to-Asset falls into.

The Eastern Co Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

The Eastern Co's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(6.857	+	50.072)	/	231.12
	=	0.25

The Eastern Co's Debt-to-Asset for the quarter that ended in Sep. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(6.599	+	50.285)	/	220.045
	=	0.26

The Eastern Co (STU:EAQ) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

The Eastern Co Debt-to-Asset Related Terms

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The Eastern Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » The Eastern Co (STU:EAQ) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

EML:USA

Address

3 Enterprise Drive, Suite 408, Shelton, CT, USA, 06484

Website

https://www.easterncompany.com

The Eastern Co manages industrial businesses that design, manufacture, and sell engineered solutions to industrial markets. The company manages the financial, operational, and strategic performance of its businesses to increase cash generation, operating earnings, and long-term shareholder value. It operates in the United States and Other Countries and generates the majority of its revenue from the United States.

The Eastern Co Headlines

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