SWIM (Latham Group) LT-Debt-to-Total-Asset : 0.35 (As of Sep. 2024)

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What is Latham Group 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. Latham Group's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.35.

Latham Group's long-term debt to total assets ratio declined from Sep. 2023 (0.38) to Sep. 2024 (0.35). It may suggest that Latham Group is progressively becoming less dependent on debt to grow their business.

Latham Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Latham Group'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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Latham Group LT-Debt-to-Total-Asset Chart

Latham Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.41

0.32

0.33

0.39

0.37

Latham Group 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															0.38	0.37	0.37	0.36	0.35

Latham Group LT-Debt-to-Total-Asset Calculation

Latham Group'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 )
	=	304.738	/	835.003
	=	0.36

Latham Group'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 )
	=	302.258	/	853.411
	=	0.35

Latham Group (NAS:SWIM) 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.

Latham Group LT-Debt-to-Total-Asset Related Terms

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Latham Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Latham Group Inc (NAS:SWIM) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

787 Watervliet Shaker Road, Latham, NY, USA, 12110

Website

https://www.lathampool.com

Latham Group Inc is a designer, manufacturer, and marketer of in-ground residential swimming pools, liners, and covers in North America, Australia, and New Zealand. It derives a majority of its revenue from the United States.

Executives

Oliver C. Gloe	officer: VICE PRESIDENT, FINANCE	C/O LATHAM GROUP, 787 WATERVLIET SHAKER ROAD, LATHAM NY 12110
Sanjeev Bahl	officer: COO Latham Pool Products, Inc.	C/O LATHAM GROUP, INC., 787 WATERVLIET SHAKER ROAD, LATHAM NY 12110
Scott Michael Rajeski	director, officer: Chief Executive Officer	787 WATERVLIET SHAKER ROAD, LATHAM NY 12110
Patrick M Sheller	officer: General Counsel & Secretary	343 STATE STREET, ROCHESTER NY 14650
Suraj Kunchala	officer: Vice President & Controller	787 WATERVLIET SHAKER ROAD, LATHAM NY 12110
Kaushal Bhikhesh Dhruv	officer: Chief Information Officer	787 WATERVLIET SHAKER ROAD, LATHAM NY 12110
Joshua D. Cowley	officer: Chief Commercial Officer	787 WATERVLIET SHAKER ROAD, LATHAM NY 12110
Melissa Claire Feck	officer: Chief Human Resources Officer	787 WATERVLIET SHAKER ROAD, LATHAM NY 12110
J Mark Borseth	officer: Chief Financial Officer	787 WATERVLIET SHAKER ROAD, LATHAM NY 12110
James E Cline	director	C/O TREX COMPANY INC., 160 EXETER DRIVE, WINCHESTER VA 22603
Brian Patrick Pratt	director	112 E. 17TH ST., NEW YORK NY 10003
Delu Jackson	director	650 TENNIS CLUB DRIVE, APT. L107, FORT LAUDERDALE FL 33311
Mark Phillip Laven	director	787 WATERVLIET SHAKER ROAD, LATHAM NY 12110
Masson Robert L. Ii	officer: Chief Financial Officer	787 WATERVLIET SHAKER ROAD, LATHAM NY 12110
Dane L. Derbyshire	director	787 WATERVLIET SHAKER ROAD, LATHAM NY 12110