The Limestone Boat Co (The Limestone Boat Co) LT-Debt-to-Total-Asset : 0.13 (As of Dec. 2023)

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What is The Limestone Boat Co 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. The Limestone Boat Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.13.

The Limestone Boat Co's long-term debt to total assets ratio declined from Jun. 2022 (0.62) to Dec. 2023 (0.13). It may suggest that The Limestone Boat Co is progressively becoming less dependent on debt to grow their business.

The Limestone Boat Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for The Limestone Boat Co'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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The Limestone Boat Co LT-Debt-to-Total-Asset Chart

The Limestone Boat Co Annual Data

Trend

Dec20

LT-Debt-to-Total-Asset

The Limestone Boat Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial									0.62	0.62	-	-	0.13

The Limestone Boat Co LT-Debt-to-Total-Asset Calculation

The Limestone Boat Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2020 is calculated as

LT Debt to Total Assets (A: Dec. 2020 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2020 )	/	Total Assets (A: Dec. 2020 )
	=	0	/	0.955
	=

The Limestone Boat Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	0.416	/	3.315
	=

The Limestone Boat Co (OTCPK:LMSBF) 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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The Limestone Boat Co (The Limestone Boat Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » The Limestone Boat Co Ltd (OTCPK:LMSBF) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

BOAT:Canada

Address

64 Hurontario Street, Collingwood, ON, CAN, L9Y 2L6

Website

https://www.limestoneboatcompany.com

The Limestone Boat Co Ltd is an owner and builder of Aquasport Boat, Limestone Boat, and Boca Bay boat brands. The company is backed by a large, skilled labor force and dealer partners throughout the United States and the Canadian Great Lakes Region.