Atkore (Atkore) LT-Debt-to-Total-Asset : 0.30 (As of Dec. 2023)

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What is Atkore 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. Atkore's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.30.

Atkore's long-term debt to total assets ratio declined from Dec. 2022 (0.32) to Dec. 2023 (0.30). It may suggest that Atkore is progressively becoming less dependent on debt to grow their business.

Atkore LT-Debt-to-Total-Asset Historical Data

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

Atkore Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

LT-Debt-to-Total-Asset

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0.59

0.53

0.36

0.32

0.30

Atkore Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.32	0.32	0.30	0.30	0.30

Atkore LT-Debt-to-Total-Asset Calculation

Atkore's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (A: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2023 )	/	Total Assets (A: Sep. 2023 )
	=	868.204	/	2935.009
	=	0.30

Atkore'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 )
	=	892.275	/	2935.392
	=	0.30

Atkore (NYSE:ATKR) 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.

Atkore LT-Debt-to-Total-Asset Related Terms

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Atkore (Atkore) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Atkore Inc (NYSE:ATKR) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

ATKR:Mexico AOA:Germany AOA:Germany

Address

16100 South Lathrop Avenue, Harvey, IL, USA, 60426

Website

https://www.atkore.com

Atkore Inc is a diversified industrials company and a manufacturer of electrical, mechanical, and safety infrastructure solutions. Atkore has two business segments: electrical and safety and infrastructure. Net sales are highest in the electrical business line as well as in the United States. The key product categories in the electrical segment are PVC conduit, steel conduit, and PVC-coated conduit, which are staples for electrical distributors. The key product categories in the safety and infrastructure segment include in-line galvanized mechanical tube, metal framing and related fittings, and security bollards. Also, the company provides ancillary services to customers in the form of slitting and cutting structural steel sheets.

Executives

Waltz William E Jr.	officer: President, Conduit & Fittings	16100 SOUTH LATHROP AVENUE, HARVEY IL 60426
Mark F. Lamps	officer: Pres. Mech. Prods. & Solutions	16100 S. LATHROP AVENUE, HARVEY IL 60426
Leangela W. Lowe	officer: VP, Global Human Resources	16100 S. LATHROP AVENUE, HARVEY IL 60426
Scott H Muse	director	C/O RICHARD W DAVIES HUBBELL INC, 684 DERBY MILFORD RD, ORANGE CT 06477
A Mark Zeffiro	director	2600 W. BIG BEAVER ROAD, SUITE 555, TROY MI 48084
David Paul Johnson	officer: Vice President and CFO	16100 SOUTH LATHROP AVENUE, HARVEY IL 60426
Justin A Kershaw	director	16100 SOUTH LATHROP AVENUE, HARVEY IL 60426
James Wilbert W Jr	director	16100 SOUTH LATHROP AVENUE, HARVEY IL 60426
Daniel S Kelly	officer: VP, General Counsel and Sec.	16100 SOUTH LATHROP AVENUE, HARVEY IL 60426
Barbara Joanne Edwards	director	11 KEEWAYDIN DRIVE, SUITE 300, SALEM NH 03079
John W Pregenzer	officer: President, Electrical	16100 S LATHROP AVENUE, HARVEY IL 60426
William Vanarsdale	director	16100 SOUTH LATHROP AVENUE, HARVEY IL 60426
Peter J Lariviere	officer: President, Cable Solutions	16100 SOUTH LATHROP AVENUE, HARVEY IL 60426
Michael J Schulte	officer: Pres, Mech. Prods. & Solutions	16100 SOUTH LATHROP AVENUE, HARVEY IL 60426
John Patrick Williamson	officer: President and CEO	16100 SOUTH LATHROP AVENUE, HARVEY IL 60426