Art's-Way Manufacturing Co (FRA:ID2) LT-Debt-to-Total-Asset : 0.12 (As of Feb. 2025)

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What is Art's-Way Manufacturing Co 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. Art's-Way Manufacturing Co's long-term debt to total assests ratio for the quarter that ended in Feb. 2025 was 0.12.

Art's-Way Manufacturing Co's long-term debt to total assets ratio declined from Feb. 2024 (0.14) to Feb. 2025 (0.12). It may suggest that Art's-Way Manufacturing Co is progressively becoming less dependent on debt to grow their business.

Art's-Way Manufacturing Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Art's-Way Manufacturing Co'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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Art's-Way Manufacturing Co LT-Debt-to-Total-Asset Chart

Art's-Way Manufacturing Co Annual Data

Trend

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Nov24

LT-Debt-to-Total-Asset

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0.15

0.14

0.12

Art's-Way Manufacturing Co Quarterly Data
	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24	Feb25
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.14	0.14	0.13	0.12	0.12

Art's-Way Manufacturing Co LT-Debt-to-Total-Asset Calculation

Art's-Way Manufacturing Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Nov. 2024 is calculated as

LT Debt to Total Assets (A: Nov. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Nov. 2024 )	/	Total Assets (A: Nov. 2024 )
	=	2.368	/	20.009
	=	0.12

Art's-Way Manufacturing Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Feb. 2025 is calculated as

LT Debt to Total Assets (Q: Feb. 2025 )	=	Long-Term Debt & Capital Lease Obligation (Q: Feb. 2025 )	/	Total Assets (Q: Feb. 2025 )
	=	2.328	/	20.165
	=	0.12

Art's-Way Manufacturing Co (FRA:ID2) 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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Art's-Way Manufacturing Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Art's-Way Manufacturing Co Inc (FRA:ID2) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

ARTW:USA

Address

5556 Highway 9, P.O. Box 288, Armstrong, IA, USA, 50514

Website

https://www.artsway-mfg.com

Art's-Way Manufacturing Co Inc is a manufacturer of agricultural equipment. It has two reportable segments: Agricultural Products, and Modular Buildings. The Agricultural Products segment fabricates and sells farming products as well as related equipment and replacement parts for these products in the United States and world wide. Its Modular Buildings segment manufactures and installs modular buildings for animal containment and various laboratory uses. It derives revenues from the Agricultural Products segment.

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