CVU (CPI Aerostructures) LT-Debt-to-Total-Asset : 0.25 (As of Sep. 2024)

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What is CPI Aerostructures 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. CPI Aerostructures's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.25.

CPI Aerostructures's long-term debt to total assets ratio declined from Sep. 2023 (0.37) to Sep. 2024 (0.25). It may suggest that CPI Aerostructures is progressively becoming less dependent on debt to grow their business.

CPI Aerostructures LT-Debt-to-Total-Asset Historical Data

The historical data trend for CPI Aerostructures'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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CPI Aerostructures LT-Debt-to-Total-Asset Chart

CPI Aerostructures Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.72

0.63

0.53

0.42

0.28

CPI Aerostructures Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.37	0.28	0.28	0.26	0.25

CPI Aerostructures LT-Debt-to-Total-Asset Calculation

CPI Aerostructures's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	20.767	/	74.36
	=	0.28

CPI Aerostructures's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	16.888	/	68.888
	=	0.25

CPI Aerostructures (AMEX:CVU) 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.

CPI Aerostructures LT-Debt-to-Total-Asset Related Terms

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CPI Aerostructures Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » CPI Aerostructures Inc (AMEX:CVU) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

91 Heartland Boulevard, Edgewood, NY, USA, 11717

Website

https://www.cpiaero.com

CPI Aerostructures Inc is engaged in the manufacturing of structural aircraft parts for fixed-wing aircraft and helicopters in both the commercial and defense markets in the United States. It also provides engineering, program management, supply chain management and kitting, and Maintenance Repair and Overhaul (MRO) services. CPI also acts as a subcontractor to prime aircraft manufacturers in the production of commercial aircraft parts. CPI Aero supplies the E-2D Advanced Hawkeye surveillance aircraft, the A-10 Thunderbolt attack jet, the Gulfstream G650, the UH-60 BLACK HAWK helicopter, and the S-92 helicopter and others.

Executives

Richard C Rosenjack	director	C/O TRIUMPH GROUP, INC., 899 CASSATT ROAD, SUITE 210, BERWYN PA 19312
Pamela Levesque	director	91 HEARTLAND BOULEVARD, EDGEWOOD NY 11717
Richard S Caswell	director	C/O CPI AEROSTRUCTURES, INC., 91 HEARTLAND BOULEVARD, EDGEWOOD NY 11717
Bond E Carey	director	3210 CYPRESS MARSH DRIVE, FORT MYERS FL 33905
Paul Packer	10 percent owner	C/O GLOBIS CAPITAL PARTNERS LP, 60 BROAD ST, NEW YORK NY 10004
Terry Dean Stinson	director	C/O LENNOX INTERNATIONAL INC., 2140 LAKE PARK BOULEVARD, RICHARDSON TX 75080-2254
Dorith Hakim	director, officer: CEO and President	C/O GRAUBARD MILLER, 405 LEXINGTON AVENUE - 11TH FLOOR, NEW YORK NY 10174
Eric Rosenfeld	director	777 THIRD AVENUE, 37TH FLOOR, NEW YORK NY 10017
Walter Paulick	director	30 TERRY PL, RIVERHEAD NY 11901
Michael Faber	director	701 PENNSYLVANIA AVENUE NW, SUITE 900, WASHINGTON DC DC 20004
Andrew L Davis	officer: Chief Financial Officer	C/O EMERSON RADIO CORP., 3 UNIVERSITY PLAZA, SUITE 405, HACKENSACK NJ 07601
Thomas E Powers	officer: Acting Chief Financial Officer	C/O TRIUMPH GROUP, INC., 899 CASSATT ROAD, SUITE 210, BERWYN PA 19312
Dan Azmon	officer: Chief Financial Officer	600 THIRD AVENUE, NEW YORK NY 10016
Janet Katherine Cooper	director	8111 LYNDALE AVENUE SOUTH, BLOOMINGTON MN 55420
Awm Investment Company, Inc.	10 percent owner	527 MADISON AVENUE, SUITE 2600, NEW YORK NY 10022