GRC (Gorman-Rupp Co) LT-Debt-to-Total-Asset : 0.41 (As of Sep. 2024)

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What is Gorman-Rupp 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. Gorman-Rupp Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.41.

Gorman-Rupp Co's long-term debt to total assets ratio declined from Sep. 2023 (0.44) to Sep. 2024 (0.41). It may suggest that Gorman-Rupp Co is progressively becoming less dependent on debt to grow their business.

Gorman-Rupp Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Gorman-Rupp 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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Gorman-Rupp Co LT-Debt-to-Total-Asset Chart

Gorman-Rupp Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.48

0.43

Gorman-Rupp Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.44	0.43	0.42	0.42	0.41

Gorman-Rupp Co LT-Debt-to-Total-Asset Calculation

Gorman-Rupp Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	382.579	/	890.358
	=	0.43

Gorman-Rupp Co'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 )
	=	362.489	/	883.474
	=	0.41

Gorman-Rupp Co (NYSE:GRC) 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.

Gorman-Rupp Co LT-Debt-to-Total-Asset Related Terms

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Gorman-Rupp Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Gorman-Rupp Co (NYSE:GRC) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

600 South Airport Road, Mansfield, OH, USA, 44903

Website

https://www.gormanrupp.com

Gorman-Rupp Co designs, manufactures and globally sells pumps & pump systems for use in water, wastewater, construction, dewatering, industrial, petroleum, original equipment, agriculture, fire protection, heating, ventilating & air conditioning, military, and other liquid-handling applications. It operates in one business segment, the manufacture & sale of pumps and pump systems, and generates revenue from the same. Geographically, it generates the majority of revenue from the United States.

Executives

Charmaine R Riggins	director	6524 RESERVE PINE DRIVE, CARY NC 27519
Kenneth R Reynolds	director	1424 GREENBRIER DRIVE, MT VERNON OH 43050
Scott A King	officer: Vice President	600 SOUTH AIRPORT ROAD, MANSFIELD OH 44903
M Ann Harlan	director
Jeffrey S Gorman	director, officer: President & CEO	C/O GORMAN RUPP CO, POST OFFICE BOX 1218, MANSFIELD OH 44901
Christopher H Lake	director	C/O GORMAN RUPP CO, PO BOX 1217, MANSFIELD OH 44901
D Patrick Wischmeier	officer: VP, Information Technology	600 SOUTH AIRPORT ROAD, MANSFIELD OH 44903
Angela M Morehead	officer: Treasurer and Asst. Secretary	600 SOUTH AIRPORT ROAD, MANSFIELD OH 44903
Vincent K Petrella	director
Donald H Bullock	director
Sonja K Mcclelland	director	ONE TECHNOLOGY WAY, INDIANAPOLIS IN 46268
Ronald D Pittenger	officer: Assistant Treasurer	THE GORMAN-RUPP COMPANY, 305 BOWMAN STREET, MANSFIELD OH 44903
Barbara A Woodman	officer: VP, Human Resources	600 SOUTH AIRPORT ROAD, MANSFIELD OH 44903
James Kerr	officer: Chief Financial Officer	5555 DARROW ROAD, HUDSON OH 44236
W Wayne Walston	director	C/O GORMAN RUPP CO, PO BOX 1217, MANSFIELD OH 44901