Neenah Enterprises (Neenah Enterprises) LT-Debt-to-Total-Asset : 1.05 (As of Sep. 2009)

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What is Neenah Enterprises 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. Neenah Enterprises's long-term debt to total assests ratio for the quarter that ended in Sep. 2009 was 1.05.

Neenah Enterprises's long-term debt to total assets ratio increased from Sep. 2008 (0.62) to Sep. 2009 (1.05). It may suggest that Neenah Enterprises is progressively becoming more dependent on debt to grow their business.

Neenah Enterprises LT-Debt-to-Total-Asset Historical Data

The historical data trend for Neenah Enterprises'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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Neenah Enterprises LT-Debt-to-Total-Asset Chart

Neenah Enterprises Annual Data

Trend

Sep04

Sep05

Sep06

Sep07

Sep08

Sep09

LT-Debt-to-Total-Asset

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0.58

0.68

0.62

1.05

Neenah Enterprises Quarterly Data
	Sep04	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial												0.62	0.66	0.92	1.01	1.05

Neenah Enterprises LT-Debt-to-Total-Asset Calculation

Neenah Enterprises's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2009 is calculated as

LT Debt to Total Assets (A: Sep. 2009 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2009 )	/	Total Assets (A: Sep. 2009 )
	=	301.524	/	286.611
	=	1.05

Neenah Enterprises's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2009 is calculated as

LT Debt to Total Assets (Q: Sep. 2009 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2009 )	/	Total Assets (Q: Sep. 2009 )
	=	301.524	/	286.611
	=	1.05

Neenah Enterprises (GREY:NNHE) 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.

Neenah Enterprises LT-Debt-to-Total-Asset Related Terms

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Neenah Enterprises (Neenah Enterprises) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Neenah Enterprises Inc (GREY:NNHE) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

2121 Brooks Avenue, P.O. Box 729, Neenah, WI, USA, 54956

Website

https://www.nfco.com

Neenah Enterprises Inc is a supplier of castings to the heavy municipal market. Its products include Manhole frames and lids, Inlet frames and grates, Combination inlets, Airport castings and others.

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