Kimball Electronics (FRA:3C3) LT-Debt-to-Total-Asset : 0.19 (As of Mar. 2024)

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What is Kimball Electronics 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. Kimball Electronics's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.19.

Kimball Electronics's long-term debt to total assets ratio increased from Mar. 2023 (0.19) to Mar. 2024 (0.19). It may suggest that Kimball Electronics is progressively becoming more dependent on debt to grow their business.

Kimball Electronics LT-Debt-to-Total-Asset Historical Data

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

Kimball Electronics Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.12

0.05

0.14

0.19

Kimball Electronics Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.19	0.19	0.19	0.18	0.19

Kimball Electronics LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	216.905	/	1162.721
	=	0.19

Kimball Electronics'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 )
	=	216.2	/	1159.962
	=	0.19

Kimball Electronics (FRA:3C3) 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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Kimball Electronics (FRA:3C3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kimball Electronics Inc (FRA:3C3) » Definitions » LT-Debt-to-Total-Asset

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KE:USA

Address

1205 Kimball Boulevard, Jasper, IN, USA, 47546

Website

https://www.kimballelectronics.com

Kimball Electronics Inc is a contract electronic manufacturing services company. The company is engaged in producing durable electronics for the automotive, medical, industrial, and public safety end markets. The company's engineering, manufacturing, and supply chain services utilize common production and support capabilities. It is also engaged in producing safety-critical electronic assemblies for its automotive customers. Geographically, it derives a majority of revenue from the United States.

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