MYE (Myers Industries) LT-Debt-to-Total-Asset : 0.44 (As of Sep. 2024)

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What is Myers Industries 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. Myers Industries's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.44.

Myers Industries's long-term debt to total assets ratio increased from Sep. 2023 (0.12) to Sep. 2024 (0.44). It may suggest that Myers Industries is progressively becoming more dependent on debt to grow their business.

Myers Industries LT-Debt-to-Total-Asset Historical Data

The historical data trend for Myers Industries'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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Myers Industries LT-Debt-to-Total-Asset Chart

Myers Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.26

0.13

0.26

0.23

0.12

Myers Industries 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															0.12	0.12	0.44	0.44	0.44

Myers Industries LT-Debt-to-Total-Asset Calculation

Myers Industries'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 )
	=	62.956	/	541.631
	=	0.12

Myers Industries'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 )
	=	399.743	/	904.999
	=	0.44

Myers Industries (NYSE:MYE) 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.

Myers Industries LT-Debt-to-Total-Asset Related Terms

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Myers Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Myers Industries Inc (NYSE:MYE) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

MJF:Germany

Address

1293 South Main Street, Akron, OH, USA, 44301

Website

https://www.myersindustries.com

Myers Industries Inc designs, manufactures, and markets a variety of plastic, metal, and rubber products, including a broad selection of plastic reusable containers, pallets, small parts bins, bulk shipping containers, storage and organization products, OEM parts, custom plastic products, consumer fuel containers and tanks for water, fuel and waste handling. It operates through the following segments: The Material Handling segment, which designs manufactures, and markets a variety of plastic and metal products. The Distribution segment offers tools, equipment, and supplies used for tire, wheel, and under-vehicle service on passenger, heavy truck, and off-road vehicles. It generates the majority of its revenue from the Material Handling segment.

Executives

William A Foley	director	P O BOX 10060, TOLEDO OH 436990060
Liebau Frederic Jack Jr	director	P.O. BOX 2200, PASADENA CA 91102-2200
Jeffrey Kramer	director	C/O SCHWEITZER-MAUDUIT INTERNT'L, INC., SUITE 600, ALPHARETTA GA 30022
Yvette Dapremont Bright	director	739 WESTVIEW STREET, PHILADELPHIA PA 19119
Bruce M Lisman	director	C/O MERCHANTS BANK, 275 KENNEDY DR, S. BURLINGTON VT 05403
Michael P. Mcgaugh	director, officer: President and CEO	1293 SOUTH MAIN STREET, AKRON OH 44301
Fitz E Grant	officer: EVP & CFO	C/O BLINK CHARGING CO., 407 LINCOLN ROAD, SUITE 704, MIAMI BEACH FL 33139
Lori A. Lutey	director	3101 PACKERLAND DRIVE, GREEN BAY WI 54313
Monica P. Vinay	officer: Interim CFO, VP and Treasurer	1293 SOUTH MAIN STREET, AKRON OH 44301
Ronald M Defeo	director	600 GRANT STREET, SUITE 5100, PITTSBURGH PA 15219
Jeffrey Jon Baker	officer: VP, Shared Services	1293 SOUTH MAIN STREET, AKRON OH 44301
Paul Allan Johnson	officer: VP, Distribution Segment	1293 SOUTH MAIN STREET, AKRON OH 44301
Jim Gurnee	officer: VP Sales/Marketing/Commercial	1293 S MAIN ST, AKRON OH 44301
Sarah R Coffin	director	31515 BALLANTYNE CORP, C/O SPX CORP, CHARLOTTE NC 28277
Sonal P. Robinson	officer: EVP, Finance	1293 SOUTH MAIN STREET, AKRON OH 44301