AstroNova (FRA:AZO) LT-Debt-to-Total-Asset : 0.14 (As of Oct. 2024)

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What is AstroNova 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. AstroNova's long-term debt to total assests ratio for the quarter that ended in Oct. 2024 was 0.14.

AstroNova's long-term debt to total assets ratio increased from Oct. 2023 (0.08) to Oct. 2024 (0.14). It may suggest that AstroNova is progressively becoming more dependent on debt to grow their business.

AstroNova LT-Debt-to-Total-Asset Historical Data

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

AstroNova Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

LT-Debt-to-Total-Asset

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0.08

0.11

0.08

0.09

0.08

AstroNova Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.08	0.08	0.08	0.14	0.14

AstroNova LT-Debt-to-Total-Asset Calculation

AstroNova's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jan. 2024 is calculated as

LT Debt to Total Assets (A: Jan. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jan. 2024 )	/	Total Assets (A: Jan. 2024 )
	=	9.607	/	122.324
	=	0.08

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

LT Debt to Total Assets (Q: Oct. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Oct. 2024 )	/	Total Assets (Q: Oct. 2024 )
	=	20.887	/	152.812
	=	0.14

AstroNova (FRA:AZO) 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.

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AstroNova Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » AstroNova Inc (FRA:AZO) » Definitions » LT-Debt-to-Total-Asset

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ALOT:USA

Address

600 East Greenwich Avenue, West Warwick, RI, USA, 02893

Website

https://www.astronovainc.com

AstroNova Inc designs, develops, manufactures, and distributes a broad range of specialty printers and data acquisition and analysis systems, including both hardware and software, which incorporate technologies to acquire, store, analyze, and present data in multiple formats sold under the QuickLabel, TrojanLabel and GetLabels brand names. Its target markets for hardware and software products include aerospace, apparel, automotive, avionics, chemicals, computer peripherals, communications, distribution, food and beverage, general manufacturing, packaging, and transportation. It has two segments, Product Identification (PI) and Test & Measurement (T&M). It generates the majority of its revenue from the PI segment that includes specialty printing systems and related supplies.