GLGI (Greystone Logistics) LT-Debt-to-Total-Asset : 0.30 (As of Nov. 2024)

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What is Greystone Logistics 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. Greystone Logistics's long-term debt to total assests ratio for the quarter that ended in Nov. 2024 was 0.30.

Greystone Logistics's long-term debt to total assets ratio declined from Nov. 2023 (0.34) to Nov. 2024 (0.30). It may suggest that Greystone Logistics is progressively becoming less dependent on debt to grow their business.

Greystone Logistics LT-Debt-to-Total-Asset Historical Data

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

Greystone Logistics Annual Data

Trend

May15

May16

May17

May18

May19

May20

May21

May22

May23

May24

LT-Debt-to-Total-Asset

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0.48

0.34

0.22

0.41

0.31

Greystone Logistics Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.34	0.32	0.31	0.30	0.30

Greystone Logistics LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: May. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: May. 2024 )	/	Total Assets (A: May. 2024 )
	=	16.252	/	52.256
	=	0.31

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

LT Debt to Total Assets (Q: Nov. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Nov. 2024 )	/	Total Assets (Q: Nov. 2024 )
	=	15.044	/	50.568
	=	0.30

Greystone Logistics (OTCPK:GLGI) 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.

Greystone Logistics LT-Debt-to-Total-Asset Related Terms

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Greystone Logistics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Greystone Logistics Inc (OTCPK:GLGI) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1613 East 15th Street, Tulsa, OK, USA, 74120

Website

https://www.greystonelogistics.com

Greystone Logistics Inc is engaged in the business of manufacturing and selling plastic pallets utilizing recycled plastic. Its products include rackable pallet, can pallet, display pallet, monoblock pallet, rackable pallet, drum pallet, and a mid-duty pallet of different sizes and specifications. The company sells its products through one of its subsidiaries and a network of contractor distributors and direct sales.

Executives

Drew T. Lockard	director	4436 POTOMAC AVENUE, DALLAS TX 75205
Warren F Kruger	officer: President	1613 E. 15TH STREET, TULSA OK 74120
Larry J. Lebarre	director	7518 MIDDLEWOOD, HOUSTON TX 77063
William W Rahhal	officer: Chief Financial Officer	1613 E. 15TH STREET, TULSA OK 74120
Paul Kruger	10 percent owner	1801 GATEWAY BLVD.,, SUITE 105, RICHARDSON TX 75080
Bob L Moore	director, officer: President & CEO	1613 E 15 ST, TULSA OK 74120
Glog Investment Llc	director, 10 percent owner	1613 E 15 ST, TULSA OK 74120
Robert Howard Nelson	officer: CFO & COO	1613 EAST 15TH STREET, TULSA OK 74120
Marshall S Cogan	director	767 THIRD AVENUE 15TH FLOOR, NEW YORK NY 10017
Rosene Robert B Jr	director	3226 E. 62ND STREET, TULSA OK 74136
Westgate Capital Co Llc	10 percent owner
Westgate Investments L P	10 percent owner	1613 EAST 15TH STREET, TULSA OK 74120