Southridge Enterprises (Southridge Enterprises) LT-Debt-to-Total-Asset : 0.27 (As of May. 2008)

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What is Southridge Enterprises 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. Southridge Enterprises's long-term debt to total assests ratio for the quarter that ended in May. 2008 was 0.27.

Southridge Enterprises's long-term debt to total assets ratio declined from May. 2007 (2.15) to May. 2008 (0.27). It may suggest that Southridge Enterprises is progressively becoming less dependent on debt to grow their business.

Southridge Enterprises LT-Debt-to-Total-Asset Historical Data

The historical data trend for Southridge Enterprises'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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Southridge Enterprises LT-Debt-to-Total-Asset Chart

Southridge Enterprises Annual Data

Trend

Aug06

Aug07

LT-Debt-to-Total-Asset

Southridge Enterprises Quarterly Data
	Nov05	Feb06	May06	Aug06	Nov06	Feb07	May07	Aug07	Nov07	Feb08	May08
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial						2.15	-	2.15	0.40	0.27

Southridge Enterprises LT-Debt-to-Total-Asset Calculation

Southridge Enterprises's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Aug. 2007 is calculated as

LT Debt to Total Assets (A: Aug. 2007 )	=	Long-Term Debt & Capital Lease Obligation (A: Aug. 2007 )	/	Total Assets (A: Aug. 2007 )
	=	0	/	0.008
	=

Southridge Enterprises's Long-Term Debt to Total Asset Ratio for the quarter that ended in May. 2008 is calculated as

LT Debt to Total Assets (Q: May. 2008 )	=	Long-Term Debt & Capital Lease Obligation (Q: May. 2008 )	/	Total Assets (Q: May. 2008 )
	=	2.497	/	9.44
	=	0.26

Southridge Enterprises (GREY:SRGE) 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.

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Southridge Enterprises (Southridge Enterprises) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Southridge Enterprises Inc (GREY:SRGE) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

3625 N. Hall Street, Suite 900, Dallas, TX, USA, 75219

Website

http://www.Southridgeenterprises.com

Southridge Enterprises Inc is a mining exploration and development company formed to acquire, develop, and exploit natural resource properties.

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