SMIT (Schmitt Industries) Long-Term Debt: $2.50 Mil (As of May. 2022)

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SMIT Schmitt Industries Inc SMIT
12 GF Score
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What is Schmitt Industries Long-Term Debt?

Schmitt Industries SMIT 12 Long-Term Debt is $2.50 Mil as of May. 2022. GuruFocus rates SMIT with a GF Score™ of 12/100.

Schmitt Industries's Long-Term Debt for the quarter that ended in May. 2022 was $2.50 Mil.

Schmitt Industries's quarterly Long-Term Debt declined from Nov. 2021 ($2.60 Mil) to Feb. 2022 ($1.53 Mil) but then increased from Feb. 2022 ($1.53 Mil) to May. 2022 ($2.50 Mil).

Schmitt Industries's annual Long-Term Debt increased from May. 2020 ($0.00 Mil) to May. 2021 ($3.25 Mil) but then declined from May. 2021 ($3.25 Mil) to May. 2022 ($2.50 Mil).

Schmitt Industries  (OTCPK:SMIT) Long-Term Debt Explanation

Long-Term Debt is the sum of the carrying values as of the balance sheet date of all long-term debt, which is debt initially having maturities due after one year or beyond the operating cycle, if longer, but excluding the portions thereof scheduled to be repaid within one year or the normal operating cycle, if longer. Long-Term Debt includes notes payable, bonds payable, mortgage loans, convertible debt, subordinated debt and other types of long term debt.

Schmitt Industries Long-Term Debt Related Terms

Schmitt Industries Long-Term Debt Historical Data

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The historical data trend for Schmitt Industries's Long-Term Debt 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 Long-Term Debt Chart

Schmitt Industries Annual Data
Trend May13 May14 May15 May16 May17 May18 May19 May20 May21 May22
Long-Term Debt
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 3.25 2.50

Schmitt Industries Quarterly Data
Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22
Long-Term Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.25 2.80 2.60 1.53 2.50
SMIT
12GF Score
Schmitt Industries Inc SMIT
Long-Term Debt is just one metric. See GF Score™, valuation, warning signs, and more.
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Frequently Asked Questions Learn more about Long-Term Debt →
What does a Long-Term Debt of $2.50 Mil mean?
Schmitt Industries (SMIT) has a Long-Term Debt of $2.50 Mil as of May. 2022.
Is Schmitt Industries' Long-Term Debt too high?
Schmitt Industries' current Long-Term Debt is $2.50 Mil. Overall, Schmitt Industries has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Schmitt Industries' Long-Term Debt compare to WHD and VAL?
Schmitt Industries' Long-Term Debt of $2.50 Mil can be compared against companies in the Hardware industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Long-Term Debt for a Hardware company?
A good Long-Term Debt depends on the Hardware industry context. However, Long-Term Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Long-Term Debt mean?
A high Long-Term Debt can signal that a stock is expensive relative to its fundamentals. Schmitt Industries's current Long-Term Debt is $2.50 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Schmitt Industries stock overvalued right now?
Schmitt Industries (SMIT) has a current Long-Term Debt of $2.50 Mil. The current Long-Term Debt is $2.50 Mil. Schmitt Industries' overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Long-Term Debt calculated?
Long-Term Debt is calculated from a company's financial statements. For Schmitt Industries (SMIT), the current Long-Term Debt is $2.50 Mil as of May. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Schmitt Industries Business Description

Address 2765 North West Nicolai Street, Portland, OR, USA, 97210
Schmitt Industries Inc is engaged in propane tank monitoring solutions, precision measurement solutions, and ice cream production and distribution. The Company operates as two reportable segments: the Measurement Segment and the Ice Cream Segment. The company manufactures and sells products in two core product lines, Acuity Lasers and Xact Tank Monitoring.
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Long-Term Debt is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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