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Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities, calculated as total liabilities divided by total asset. Schmitt Industries's Total Liabilities for the quarter that ended in May. 2022 was $22.23 Mil. Schmitt Industries's Total Assets for the quarter that ended in May. 2022 was $22.84 Mil. Therefore, Schmitt Industries's Liabilities-to-Assets Ratio for the quarter that ended in May. 2022 was 0.97.
The historical data trend for Schmitt Industries's Liabilities-to-Assets 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.
Schmitt Industries Annual Data | |||||||||||||||||||||
Trend | May13 | May14 | May15 | May16 | May17 | May18 | May19 | May20 | May21 | May22 | |||||||||||
Liabilities-to-Assets | Get a 7-Day Free Trial | 0.16 | 0.14 | 0.10 | 0.82 | 0.97 |
Schmitt Industries Quarterly Data | ||||||||||||||||||||
Aug17 | Nov17 | Feb18 | May18 | Aug18 | Nov18 | Feb19 | May19 | Aug19 | Nov19 | Feb20 | May20 | Aug20 | Nov20 | Feb21 | May21 | Aug21 | Nov21 | Feb22 | May22 | |
Liabilities-to-Assets | Get a 7-Day Free Trial | 0.82 | 0.86 | 0.79 | 0.80 | 0.97 |
For the Scientific & Technical Instruments subindustry, Schmitt Industries's Liabilities-to-Assets, along with its competitors' market caps and Liabilities-to-Assets 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.
For the Hardware industry and Technology sector, Schmitt Industries's Liabilities-to-Assets distribution charts can be found below:
* The bar in red indicates where Schmitt Industries's Liabilities-to-Assets falls into.
Liabilities-to-Assets ratio measures the portion of the total liabilities to the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Liabilities-to-Assets ratio is calculated by dividing total liabilities by total asset.
Schmitt Industries's Liabilities-to-Assets Ratio for the fiscal year that ended in May. 2022 is calculated as:
Liabilities-to-Assets (A: May. 2022 ) | = | Total Liabilities | / | Total Assets |
= | 22.234 | / | 22.839 | |
= | 0.97 |
Schmitt Industries's Liabilities-to-Assets Ratio for the quarter that ended in May. 2022 is calculated as
Liabilities-to-Assets (Q: May. 2022 ) | = | Total Liabilities | / | Total Assets |
= | 22.234 | / | 22.839 | |
= | 0.97 |
* 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.
Schmitt Industries (OTCPK:SMIT) Liabilities-to-Assets Explanation
Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities. It can vary greatly across different industries, as they have different capital structure. A high Liabilities-to-Assets ratio (more leveraged) suggests that the company might have potential solvency problems, or even a signal of financial distress. Conversely, a low Liabilities-to-Assets ratio usually indicates a healthy financial situation. However, it may also suggest that the company is not expanding or not making good use of debt.
Thank you for viewing the detailed overview of Schmitt Industries's Liabilities-to-Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Dustin Henderson | other: Shareholder | 11125 N PARK BLVD, STE 106, SEMINOLE FL 33772 |
Kristi Michelle Smaha | director | C/O SCHMITT INDUSTRIES, INC., 2765 N.W. NICOLAI STREET, PORTLAND OR 97210-1818 |
Alexandre Zyngier | director | 5700 W. PLANO PARKWAY, SUITE 3600, PLANO TX 75093 |
Philip Bosco | officer: Chief Financial Officer | 2765 NW NICOLAI STREET, PORTLAND OR 97210 |
Lillian Tung | director | 45 WEST 67TH STREET, 10D, NEW YORK NY 10023 |
Michael R. Zapata | officer: Chief Executive Officer | 2765 NW NICOLAI STREET, PORTLAND OR 97210 |
Andrews P Hines | director | |
Steven Strom | director | 2765 NW NICOLAI STREET, PORTLAND OR 97210 |
Charles Davidson | director | C/O SCHMITT INDUSTRIES, INC., 2765 N.W. NICOLAI STREET, PORTLAND OR 97210 |
Jamie Michael Schmidt | officer: Chief Financial Officer | 2765 NW NICOLAI STREET, PORTLAND OR 97210 |
Walter Brown Pistor | 10 percent owner | 2415 KALAMA RIVER ROAD, KALAMA WA 98625 |
Regina Walker | officer: Chief Financial Officer | 2765 NW NICOLAI STREET, PORTLAND OR 97210 |
Michael Ellsworth | director | SCHMITT INDUSTRIES, INC., 2765 NW NICOLAI, PORTLAND OR 97210 |
David Hudson | director | SCHMITT INDUSTRIES, INC., 2765 NW NICOLAI, PORTLAND OR 97210 |
Maynard E Brown | director | 1595 - 19TH STREET, WEST VANCOUVER A1 V7V 3X5 |
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