PRKA (Parks! America) LT-Debt-to-Total-Asset : 0.17 (As of Dec. 2024)

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What is Parks! America 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. Parks! America's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.17.

Parks! America's long-term debt to total assets ratio declined from Dec. 2023 (0.17) to Dec. 2024 (0.17). It may suggest that Parks! America is progressively becoming less dependent on debt to grow their business.

Parks! America LT-Debt-to-Total-Asset Historical Data

The historical data trend for Parks! America'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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Parks! America LT-Debt-to-Total-Asset Chart

Parks! America Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

LT-Debt-to-Total-Asset

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0.30

0.24

0.20

0.17

0.14

Parks! America Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.17	0.16	0.15	0.14	0.17

Parks! America LT-Debt-to-Total-Asset Calculation

Parks! America's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (A: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2024 )	/	Total Assets (A: Sep. 2024 )
	=	2.688	/	19.194
	=	0.14

Parks! America's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	3.088	/	18.701
	=	0.17

Parks! America (OTCPK:PRKA) 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.

Parks! America LT-Debt-to-Total-Asset Related Terms

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Parks! America Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Parks! America Inc (OTCPK:PRKA) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1300 Oak Grove Road, Pine Mountain, GA, USA, 31822

Website

https://www.animalsafari.com

Parks! America Inc through its subsidiaries involved in the business of acquiring, developing and operating local and regional theme parks and attractions in the United States. The company owns and operates Wild animal safari theme parks located in Pine mountain in the state of Georgia and Strafford in the state of Missouri in the United States. Its operating segment includes Georgia Park; Missouri Park and Texas Park. The company generates maximum revenue from the Georgia Park segment.

Executives

Focused Compounding Fund, Lp	10 percent owner	3838 OAK LAWN AVENUE, SUITE 1000, C/O FOCUSED COMPOUNDING CAPITAL MGMT, DALLAS TX 75219
Todd R White	officer: Chief Financial Officer	16600 N THOMPSON PEAK PKWY, #1069, SCOTTSDALE AZ 85260
Charles Kohnen	director	5424 SPICE BUSH COURT, DAYTON OH 45429
Lisa Michelle Brady	director	1007 DOCKWAY DRIVE, HURON OH 44839
Richard Ruffolo	director	C/O THE YANKEE CANDLE COMPANY, INC., 16 YANKEE CANDLE WAY, SOUTH DEERFIELD MA 01373
Focused Compounding Capital Management, Llc	other: Investment Mgr of 10% Owner	1700 ALMA DRIVE, SUITE 460, PLANO TX 75075
Andrew Mitchel Kuhn	other: Managing Member of IA	1700 ALMA DRIVE, SUITE 460, PLANO TX 75075
Geoffrey Harvey Gannon	other: Managing Member of IA	1700 ALMA DRIVE, SUITE 460, PLANO TX 75075
Mark Alan Whitfield	officer: Executive Vice President	1501 COPPERFIELD PARKWAY, APT 312, COLLEGE STATION TX 77845
Voorhis Dale Van	director, officer: Chief Operating Officer	5684 PIONEER TRAIL, HIRAM OH 44234
Jeff Lococo	director, officer: Secretary	4304 WALNUT CREEK LANE, SANDUSKY OH 44870
William S Jump	director	485 OAK CREEK CLIFFS DRIVE, SEDONA AZ 86336
John Paul Gannon	director	6040 KENTIGERN CT. SOUTH, DUBLIN OH 43017
Nicholas Aaron Parks	10 percent owner	5010 THORNBROOK RIDGE, COLUMBIA MO 65203
Jim Meikle	director	208 S ACADEMY AVE, STE 130, EAGLE ID 83616