SPLPPT.PFD (Steel Partners Holdings LP) LT-Debt-to-Total-Asset : 0.05 (As of Sep. 2024)

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What is Steel Partners Holdings LP 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 Partners Holdings LP's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.05.

Steel Partners Holdings LP's long-term debt to total assets ratio declined from Sep. 2023 (0.07) to Sep. 2024 (0.05). It may suggest that Steel Partners Holdings LP is progressively becoming less dependent on debt to grow their business.

Steel Partners Holdings LP LT-Debt-to-Total-Asset Historical Data

The historical data trend for Steel Partners Holdings LP'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 Partners Holdings LP LT-Debt-to-Total-Asset Chart

Steel Partners Holdings LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.15

0.62

0.24

0.08

0.07

Steel Partners Holdings LP 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															0.07	0.07	0.04	0.04	0.05

Steel Partners Holdings LP LT-Debt-to-Total-Asset Calculation

Steel Partners Holdings LP'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 )
	=	268.159	/	3990.44
	=	0.07

Steel Partners Holdings LP'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 )
	=	174.266	/	3634.075
	=	0.05

Steel Partners Holdings LP (NYSE:SPLPpT.PFD) 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 Partners Holdings LP LT-Debt-to-Total-Asset Related Terms

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Steel Partners Holdings LP Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Steel Partners Holdings LP (NYSE:SPLPpT.PFD) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

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SPLPpA.PFD:USA SPLP:USA

Address

590 Madison Avenue, 32nd Floor, New York, NY, USA, 10022

Website

https://www.steelpartners.com

Steel Partners Holdings LP operates in industrial products, energy, defense, supply chain management and logistics, banking, and youth sports industries. It operates in various segments including the Diversified Industrial segment comprised of manufacturers of engineered niche industrial products, including joining materials, tubing, building materials, performance materials, electrical products, cutting replacement products and services, and metallized films and packaging businesses; the Energy segment provides drilling and production services to the oil and gas industry and owns a youth sports business; the Financial Services segment consists of the operations of WebBank, a Utah chartered industrial bank, which engages in full range of banking activities.