>
Switch to:

Quanex Building Products LT-Debt-to-Total-Asset

: 0.23 (As of Jan. 2021)
View and export this data going back to 1965. Start your Free Trial

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. Quanex Building Products's long-term debt to total assests ratio for the quarter that ended in Jan. 2021 was 0.23.

Quanex Building Products's long-term debt to total assets ratio declined from Jan. 2020 (0.30) to Jan. 2021 (0.23). It may suggest that Quanex Building Products is progressively becoming less dependent on debt to grow their business.


Quanex Building Products LT-Debt-to-Total-Asset Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Quanex Building Products Annual Data
Oct11 Oct12 Oct13 Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20
LT-Debt-to-Total-Asset Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.33 0.28 0.28 0.24 0.23

Quanex Building Products Quarterly Data
Apr16 Jul16 Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21
LT-Debt-to-Total-Asset Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.30 0.37 0.28 0.23 0.23

Quanex Building Products LT-Debt-to-Total-Asset Calculation

Quanex Building Products's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Oct. 2020 is calculated as

LT Debt to Total Assets (A: Oct. 2020 )=Long-Term Debt & Capital Lease Obligation (A: Oct. 2020 )/Total Assets (A: Oct. 2020 )
=161.601/691.585
=0.23

Quanex Building Products's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jan. 2021 is calculated as

LT Debt to Total Assets (Q: Jan. 2021 )=Long-Term Debt & Capital Lease Obligation (Q: Jan. 2021 )/Total Assets (Q: Jan. 2021 )
=158.176/694.271
=0.23

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Quanex Building Products  (NYSE:NX) 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.


Quanex Building Products LT-Debt-to-Total-Asset Related Terms


Quanex Building Products LT-Debt-to-Total-Asset Headlines

No Headline

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)