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Loar Holdings (Loar Holdings) LT-Debt-to-Total-Asset : 0.51 (As of Mar. 2024)


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What is Loar Holdings 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. Loar Holdings's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.51.

Loar Holdings's long-term debt to total assets ratio increased from . 20 (0.00) to Mar. 2024 (0.51). It may suggest that Loar Holdings is progressively becoming more dependent on debt to grow their business.

Loar Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Loar Holdings'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.

* Premium members only.

Loar Holdings LT-Debt-to-Total-Asset Chart

Loar Holdings Annual Data
Trend Dec22 Dec23
LT-Debt-to-Total-Asset
0.49 0.51

Loar Holdings Quarterly Data
Dec22 Mar23 Dec23 Mar24
LT-Debt-to-Total-Asset 0.49 - 0.51 0.51

Loar Holdings LT-Debt-to-Total-Asset Calculation

Loar Holdings'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 )
=537.785/1050.445
=0.51

Loar Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )=Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )/Total Assets (Q: Mar. 2024 )
=536.282/1053.96
=0.51

* 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.

Loar Holdings  (NYSE:LOAR) 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.

Loar Holdings LT-Debt-to-Total-Asset Related Terms

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Loar Holdings (Loar Holdings) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Loar Holdings Inc (NYSE:LOAR) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
Traded in Other Exchanges
N/A
Address
20 New King Street, White Plains, New York, NY, USA, 10604
Website
https://www.loargroup.com
Loar Holdings Inc in the design, manufacture, and sale of niche aerospace and defense components that are essential for today's aircraft and aerospace and defense systems. Its manufactured products includes auto throttles, lap-belt airbags, two- and three-point seat belts, water purification systems, fire barriers, polyimide washers and bushings, latches, hold-open and tie rods, temperature and fluid sensors and switches, carbon and metallic brake discs, fluid and pneumatic-based ice protection, RAM air components, sealing solutions and motion and actuation devices, among others. It operate across ten manufacturing facilities located in the United States, one manufacturing facility in Germany and one manufacturing facility in the United Kingdom (UK).

Loar Holdings (Loar Holdings) Headlines

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Director M Crow Acquires 71,429 Shares of Loar Holdings Inc (LOAR)

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