DMFG (Decker Manufacturing) LT-Debt-to-Total-Asset : 0.03 (As of Sep. 2024)

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What is Decker Manufacturing 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. Decker Manufacturing's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.03.

Decker Manufacturing's long-term debt to total assets ratio increased from Sep. 2022 (0.00) to Sep. 2024 (0.03). It may suggest that Decker Manufacturing is progressively becoming more dependent on debt to grow their business.

Decker Manufacturing LT-Debt-to-Total-Asset Historical Data

The historical data trend for Decker Manufacturing'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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Decker Manufacturing LT-Debt-to-Total-Asset Chart

Decker Manufacturing Annual Data

Trend

LT-Debt-to-Total-Asset

Decker Manufacturing Quarterly Data
	Sep22	Jun23	Sep23	Jun24	Sep24
LT-Debt-to-Total-Asset	-	-	0.03	0.03	0.03

Decker Manufacturing LT-Debt-to-Total-Asset Calculation

Decker Manufacturing's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in . 20 is calculated as

LT Debt to Total Assets (A: . 20 )	=	Long-Term Debt & Capital Lease Obligation (A: . 20 )	/	Total Assets (A: . 20 )
	=		/
	=

Decker Manufacturing'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 )
	=	1.112	/	38.975
	=	0.03

Decker Manufacturing (OTCPK:DMFG) 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.

Decker Manufacturing LT-Debt-to-Total-Asset Related Terms

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Decker Manufacturing Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Decker Manufacturing Corp (OTCPK:DMFG) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

703 North Clark Street, Albion, MI, USA, 49224

Website

https://www.deckernut.com

Decker Manufacturing Corp is are engaged in the manufacture and distribution of cold-headed industrial fasteners and pipe plugs to customers in North America. Its products include locknuts, flange nuts, hex nuts, weld nuts, pipe plugs, and other industrial fasteners.

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