Applied Industrial Technologies (LTS:0HGR) LT-Debt-to-Total-Asset : 0.19 (As of Dec. 2024)

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What is Applied Industrial Technologies 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. Applied Industrial Technologies's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.19.

Applied Industrial Technologies's long-term debt to total assets ratio declined from Dec. 2023 (0.21) to Dec. 2024 (0.19). It may suggest that Applied Industrial Technologies is progressively becoming less dependent on debt to grow their business.

Applied Industrial Technologies LT-Debt-to-Total-Asset Historical Data

The historical data trend for Applied Industrial Technologies'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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Applied Industrial Technologies LT-Debt-to-Total-Asset Chart

Applied Industrial Technologies Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.37

0.35

0.27

0.22

0.19

Applied Industrial Technologies Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.21	0.20	0.19	0.19	0.19

Applied Industrial Technologies LT-Debt-to-Total-Asset Calculation

Applied Industrial Technologies's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (A: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2024 )	/	Total Assets (A: Jun. 2024 )
	=	572.279	/	2951.91
	=	0.19

Applied Industrial Technologies's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	572.3	/	3044.641
	=	0.19

Applied Industrial Technologies (LTS:0HGR) 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.

Applied Industrial Technologies LT-Debt-to-Total-Asset Related Terms

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Applied Industrial Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Applied Industrial Technologies Inc (LTS:0HGR) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

AIT:USA AT4:Germany

Address

1 Applied Plaza, Cleveland, OH, USA, 44115

Website

https://www.applied.com

Applied Industrial Technologies Inc is a distributor of industrial products to the maintenance, repair, and operations market and the original equipment manufacturing industry. Further, the company provides engineering and design services for industrial and fluid power applications. The products include bearings, power transmission components, fluid power components and systems, industrial rubber products, linear motion components, safety products, oilfield supplies, and other industrial and maintenance supplies. The company's reportable segments are; Service Center Based Distribution which derives key revenue, and Engineered Solutions. Geographically, the company derives its key revenue from the United States and the rest from Canada and other countries.

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