McHenry Metals Golf (McHenry Metals Golf) LT-Debt-to-Total-Asset : 2.53 (As of Sep. 2001)

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What is McHenry Metals Golf 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. McHenry Metals Golf's long-term debt to total assests ratio for the quarter that ended in Sep. 2001 was 2.53.

McHenry Metals Golf's long-term debt to total assets ratio increased from Sep. 2000 (0.77) to Sep. 2001 (2.53). It may suggest that McHenry Metals Golf is progressively becoming more dependent on debt to grow their business.

McHenry Metals Golf LT-Debt-to-Total-Asset Historical Data

The historical data trend for McHenry Metals Golf'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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McHenry Metals Golf LT-Debt-to-Total-Asset Chart

McHenry Metals Golf Annual Data

Trend

Dec99

Dec00

LT-Debt-to-Total-Asset

0.01

1.35

McHenry Metals Golf Quarterly Data
	Mar00	Jun00	Sep00	Dec00	Mar01	Jun01	Sep01
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.77	1.35	2.34	1.47	2.53

McHenry Metals Golf LT-Debt-to-Total-Asset Calculation

McHenry Metals Golf's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2000 is calculated as

LT Debt to Total Assets (A: Dec. 2000 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2000 )	/	Total Assets (A: Dec. 2000 )
	=	0.592	/	0.44
	=	1.35

McHenry Metals Golf's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2001 is calculated as

LT Debt to Total Assets (Q: Sep. 2001 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2001 )	/	Total Assets (Q: Sep. 2001 )
	=	0.25	/	0.099
	=	2.53

McHenry Metals Golf (OTCPK:GLFN) 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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McHenry Metals Golf (McHenry Metals Golf) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » McHenry Metals Golf Corp (OTCPK:GLFN) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

4502 Marquette Avenue, Jacksonville, FL, USA

Website

http://www.mchenrymetals.com

McHenry Metals Golf Corp designs, develops and markets golf clubs. The company's products include drivers, hybrids, wedges, woods and other accessories related to golf.

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