The New Home Co (The New Home Co) LT-Debt-to-Total-Asset : 0.52 (As of Jun. 2021)

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What is The New Home 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. The New Home Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2021 was 0.52.

The New Home Co's long-term debt to total assets ratio declined from Jun. 2020 (0.55) to Jun. 2021 (0.52). It may suggest that The New Home Co is progressively becoming less dependent on debt to grow their business.

The New Home Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for The New Home 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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The New Home Co LT-Debt-to-Total-Asset Chart

The New Home Co Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

LT-Debt-to-Total-Asset

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0.28

0.49

0.56

0.51

0.50

The New Home Co Quarterly Data
	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.55	0.54	0.50	0.53	0.52

The New Home Co LT-Debt-to-Total-Asset Calculation

The New Home 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 )
	=	248.045	/	495.699
	=	0.50

The New Home Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2021 is calculated as

LT Debt to Total Assets (Q: Jun. 2021 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2021 )	/	Total Assets (Q: Jun. 2021 )
	=	283.465	/	545.486
	=	0.52

The New Home Co (NYSE:NWHM) 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 New Home Co LT-Debt-to-Total-Asset Related Terms

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The New Home Co (The New Home Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » The New Home Co Inc (NYSE:NWHM) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

15231 Laguna Canyon Road, Suite 250, Irvine, CA, USA, 92618

Website

https://www.nwhm.com

The New Home Co Inc is a home builder that focuses on the design, construction, and sale of homes. The company operates in two segments, Homebuilding and Fee Building. It builds and sells homes in metropolitan areas of California and Arizona, including coastal Southern California, the San Francisco Bay area, metro Sacramento, and the greater Phoenix area. The company also offers general contracting services to build homes for independent third-party property owners.

Executives

Paul C Heeschen	director	450 NEWPORT CENTER DRIVE STE 450 NEWPORT BEACH CA 92660
Cathey S Lowe	director
Douglas C Neff	director, 10 percent owner, other: See "Remarks" below.	19800 MACARTHUR BLVD. SUITE 700 IRVINE CA 92612
Wayne Stelmar	director, other: See "Remarks" below.	THE NEW HOME COMPANY 95 ENTERPRISE, SUITE 325 ALISO VIEJO CA 92656
Sam Bakhshandehpour	director	THE NEW HOME COMPANY, 95 ENTERPRISE, SUITE 325, ALISO VIEJO CA 92656
Michael Berchtold	director	THE NEW HOME COMPANY 95 ENTERPRISE, SUITE 325 ALISO VIEJO CA 92656
Gregory P. Lindstrom	director	THE NEW HOME COMPANY 95 ENTERPRISE, SUITE 325 ALISO VIEJO CA 92656
Leonard Stoudt Miller	officer: President & CEO	85 ENTERPRISE SUITE 450 ALISO VIEJO CA 92656
John Martin Stephens	officer: EVP, Chief Financial Officer	26 TECHNOLOGY DRIVE, IRVINE CA 92618
H Lawrence Webb	director, officer: Executive Chairman, other: See "Remarks" below.	THE NEW HOME COMPANY 85 ENTERPRISE, SUITE 450 ALISO VIEJO CA 92656
William A. Witte	director	THE NEW HOME COMPANY 95 ENTERPRISE, SUITE 325 ALISO VIEJO CA 92656
Thomas Redwitz	other: See "Remarks" below.	THE NEW HOME COMPANY 95 ENTERPRISE, SUITE 325 ALISO VIEJO CA 92656
Second Curve Capital Llc	10 percent owner	150 N RADNOR CHESTER ROAD, SUITE F120, RADNOR PA 19087
Thomas K Brown	10 percent owner	C/O SECOND CURVE CAPITAL, LLC, 237 PARK AVENUE, 9TH FLOOR, NEW YORK NY 10017
Tricon Us Topco Llc	other: See remarks	1067 YONGE STREET TORONTO A6 M4W 2L2