Southwest Iowa Renewable Energy LLC (Southwest Iowa Renewable Energy LLC) LT-Debt-to-Total-Asset : 0.23 (As of Mar. 2023)

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What is Southwest Iowa Renewable Energy LLC 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. Southwest Iowa Renewable Energy LLC's long-term debt to total assests ratio for the quarter that ended in Mar. 2023 was 0.23.

Southwest Iowa Renewable Energy LLC's long-term debt to total assets ratio declined from Mar. 2022 (0.23) to Mar. 2023 (0.23). It may suggest that Southwest Iowa Renewable Energy LLC is progressively becoming less dependent on debt to grow their business.

Southwest Iowa Renewable Energy LLC LT-Debt-to-Total-Asset Historical Data

The historical data trend for Southwest Iowa Renewable Energy LLC'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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Southwest Iowa Renewable Energy LLC LT-Debt-to-Total-Asset Chart

Southwest Iowa Renewable Energy LLC Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

LT-Debt-to-Total-Asset

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0.11

0.18

0.37

0.34

0.06

Southwest Iowa Renewable Energy LLC Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.23	0.15	0.06	0.06	0.23

Southwest Iowa Renewable Energy LLC LT-Debt-to-Total-Asset Calculation

Southwest Iowa Renewable Energy LLC's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2022 is calculated as

LT Debt to Total Assets (A: Sep. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2022 )	/	Total Assets (A: Sep. 2022 )
	=	9.632	/	160.386
	=	0.06

Southwest Iowa Renewable Energy LLC's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (Q: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2023 )	/	Total Assets (Q: Mar. 2023 )
	=	36.718	/	161.575
	=	0.23

Southwest Iowa Renewable Energy LLC (GREY:SWIOU) 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.

Southwest Iowa Renewable Energy LLC LT-Debt-to-Total-Asset Related Terms

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Southwest Iowa Renewable Energy LLC (Southwest Iowa Renewable Energy LLC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Southwest Iowa Renewable Energy LLC (GREY:SWIOU) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

10868 189th Street, Council Bluffs, IA, USA, 51503

Website

http://www.sireethanol.com

Southwest Iowa Renewable Energy LLC is into manufacturing and selling ethanol, distillers grains, corn oil, and carbon dioxide in the continental United States. It also sells dried distillers grains with solubles in the continental United States, Mexico, and the Pacific Rim. Its products are marketed and distributed through professional third-party marketers.

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