LMSBF (The Limestone Boat Co) LT-Debt-to-Total-Asset: 0.13 (As of Dec. 2023)


What is The Limestone Boat Co LT-Debt-to-Total-Asset?

The Limestone Boat Co LMSBF LT-Debt-to-Total-Asset is 0.13 as of Dec. 2023.

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. The Limestone Boat Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.13.

The Limestone Boat Co's long-term debt to total assets ratio declined from Jun. 2022 (0.62) to Dec. 2023 (0.13). It may suggest that The Limestone Boat Co is progressively becoming less dependent on debt to grow their business.

The Limestone Boat Co  (OTCPK:LMSBF) 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.

The Limestone Boat Co LT-Debt-to-Total-Asset Related Terms

The Limestone Boat Co LT-Debt-to-Total-Asset Historical Data

* Premium members only.

The historical data trend for The Limestone Boat 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.

The Limestone Boat Co LT-Debt-to-Total-Asset Chart

The Limestone Boat Co Annual Data
Trend Dec20
LT-Debt-to-Total-Asset
0.00

The Limestone Boat Co Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Jun23 Sep23 Dec23
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.62 0.62 0.00 0.00 0.13

The Limestone Boat Co LT-Debt-to-Total-Asset Calculation

The Limestone Boat Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2020 is calculated as

LT Debt to Total Assets (A: Dec. 2020 )=Long-Term Debt & Capital Lease Obligation (A: Dec. 2020 )/Total Assets (A: Dec. 2020 )
=0/0.955
=

The Limestone Boat Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )=Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )/Total Assets (Q: Dec. 2023 )
=0.416/3.315
=

* 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.

Frequently Asked Questions Learn more about LT-Debt-to-Total-Asset →
What does a LT-Debt-to-Total-Asset of 0.13 mean?
The Limestone Boat Co (LMSBF) has a LT-Debt-to-Total-Asset of 0.13 as of Dec. 2023. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on The Limestone Boat Co and its competitors.
Is The Limestone Boat Co's LT-Debt-to-Total-Asset too high?
The Limestone Boat Co's current LT-Debt-to-Total-Asset is 0.13.
How does The Limestone Boat Co's LT-Debt-to-Total-Asset compare to USLG and MCOM?
The Limestone Boat Co's LT-Debt-to-Total-Asset of 0.13 can be compared against companies in the Vehicles & Parts industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good LT-Debt-to-Total-Asset for a Vehicles & Parts company?
A good LT-Debt-to-Total-Asset depends on the Vehicles & Parts industry context. However, LT-Debt-to-Total-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high LT-Debt-to-Total-Asset mean?
A high LT-Debt-to-Total-Asset can signal that a stock is expensive relative to its fundamentals. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on The Limestone Boat Co and its competitors. The Limestone Boat Co's current LT-Debt-to-Total-Asset is 0.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Limestone Boat Co stock overvalued right now?
The Limestone Boat Co (LMSBF) has a current LT-Debt-to-Total-Asset of 0.13. The current LT-Debt-to-Total-Asset is 0.13. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is LT-Debt-to-Total-Asset calculated?
LT-Debt-to-Total-Asset is calculated from a company's financial statements. For The Limestone Boat Co (LMSBF), the current LT-Debt-to-Total-Asset is 0.13 as of Dec. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

The Limestone Boat Co Business Description

Address 64 Hurontario Street, Collingwood, ON, CAN, L9Y 2L6
The Limestone Boat Co Ltd is an owner and builder of Aquasport Boat, Limestone Boat, and Boca Bay boat brands. The company is backed by a large, skilled labor force and dealer partners throughout the United States and the Canadian Great Lakes Region.