SDHC (Smith Douglas Homes) LT-Debt-to-Total-Asset : 0.03 (As of Sep. 2024)

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What is Smith Douglas Homes 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. Smith Douglas Homes's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.03.

Smith Douglas Homes's long-term debt to total assets ratio declined from Sep. 2023 (0.06) to Sep. 2024 (0.03). It may suggest that Smith Douglas Homes is progressively becoming less dependent on debt to grow their business.

Smith Douglas Homes LT-Debt-to-Total-Asset Historical Data

The historical data trend for Smith Douglas Homes'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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Smith Douglas Homes LT-Debt-to-Total-Asset Chart

Smith Douglas Homes Annual Data

Trend

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.01

0.09

0.27

Smith Douglas Homes Quarterly Data
	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial						0.06	0.27	0.05	0.04	0.03

Smith Douglas Homes LT-Debt-to-Total-Asset Calculation

Smith Douglas Homes'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 )
	=	94.279	/	352.692
	=	0.27

Smith Douglas Homes'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 )
	=	12.908	/	460.05
	=	0.03

Smith Douglas Homes (NYSE:SDHC) 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.

Smith Douglas Homes LT-Debt-to-Total-Asset Related Terms

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Smith Douglas Homes Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Smith Douglas Homes Corp (NYSE:SDHC) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

110 Village Trail, Suite 215, Woodstock, GA, USA, 30188

Website

https://www.smithdouglas.com

Smith Douglas Homes Corp is a company engaged in the design, construction, and sale of single-family homes in some of the highest growth and desirable markets in the Southeastern United States. The company has organized into five geographical segments so their reportable segments include Atlanta, Raleigh, Charlotte, Nashville, and Alabama which consists of both Birmingham and Huntsville.