Steel & Tube Holdings (NZSE:STU) LT-Debt-to-Total-Asset : 0.23 (As of Dec. 2023)

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What is Steel & Tube Holdings 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. Steel & Tube Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.23.

Steel & Tube Holdings's long-term debt to total assets ratio increased from Dec. 2022 (0.20) to Dec. 2023 (0.23). It may suggest that Steel & Tube Holdings is progressively becoming more dependent on debt to grow their business.

Steel & Tube Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Steel & Tube Holdings'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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Steel & Tube Holdings LT-Debt-to-Total-Asset Chart

Steel & Tube Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.07

0.30

0.25

0.19

0.23

Steel & Tube Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.23	0.19	0.20	0.23	0.23

Steel & Tube Holdings LT-Debt-to-Total-Asset Calculation

Steel & Tube Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	85.191	/	364.089
	=	0.23

Steel & Tube Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	80.005	/	350.157
	=	0.23

Steel & Tube Holdings (NZSE:STU) 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.

Steel & Tube Holdings LT-Debt-to-Total-Asset Related Terms

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Steel & Tube Holdings (NZSE:STU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Steel & Tube Holdings Ltd (NZSE:STU) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

7 Bruce Roderick Drive, East Tamaki, Auckland, NTL, NZL, 2013

Website

https://www.steelandtube.co.nz

Steel & Tube Holdings Ltd is a New Zealand-based company. The company is a provider of steel solutions. It is a distributor and manufacturer of steel products including steel, stainless steel, architectural stainless, pipe, fittings and valves, pipe and cable supports, fastenings, roofing and cladding, and many more. The company's operating segments include Distribution and Infrastructure. It generates maximum revenue from the Distribution segment.

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