Flint (NWPIF) LT-Debt-to-Total-Asset : 0.80 (As of Sep. 2024)

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What is Flint 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. Flint's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.80.

Flint's long-term debt to total assets ratio declined from Sep. 2023 (0.84) to Sep. 2024 (0.80). It may suggest that Flint is progressively becoming less dependent on debt to grow their business.

Flint LT-Debt-to-Total-Asset Historical Data

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

Flint Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.55

0.70

0.72

0.87

0.95

Flint 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															0.84	0.95	0.91	0.97	0.80

Flint LT-Debt-to-Total-Asset Calculation

Flint'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 )
	=	153.364	/	161.473
	=	0.95

Flint'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 )
	=	154.692	/	192.886
	=	0.80

Flint (OTCPK:NWPIF) 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.

Flint LT-Debt-to-Total-Asset Related Terms

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Flint Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Flint Corp (OTCPK:NWPIF) » Definitions » LT-Debt-to-Total-Asset

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FLNT:Canada

Address

205 - 5th Avenue SouthWest, Suite 3500, Bow Valley Square 2, Calgary, AB, CAN, T2P 2V7

Website

https://www.flintcorp.com

Flint Corp is a fully-integrated provider of services and products to industrial markets including Energy, Petrochemical, Mining, Power, Agriculture, Forestry, Infrastructure and Water Treatment. The service provided by the company focuses on maintenance and turnarounds, facility construction, fabrication, modularization and machining, wear technologies and weld overlays, pipeline installation and integrity, electrical and instrumentation, workforce supply, heavy equipment operators, and environmental services. The company's segments include The Maintenance and Construction Services segment; and the Wear Technology Overlay Services and Corporate segment. The company derives maximum revenue from The Maintenance and Construction Services segment.