Columbus McKinnon (FRA:VC3) LT-Debt-to-Total-Asset : 0.30 (As of Mar. 2024)

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What is Columbus McKinnon 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. Columbus McKinnon's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.30.

Columbus McKinnon's long-term debt to total assets ratio increased from Mar. 2023 (0.28) to Mar. 2024 (0.30). It may suggest that Columbus McKinnon is progressively becoming more dependent on debt to grow their business.

Columbus McKinnon LT-Debt-to-Total-Asset Historical Data

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

Columbus McKinnon Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.26

0.24

0.29

0.28

0.30

Columbus McKinnon 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															0.28	0.29	0.28	0.27	0.30

Columbus McKinnon LT-Debt-to-Total-Asset Calculation

Columbus McKinnon's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (A: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2024 )	/	Total Assets (A: Mar. 2024 )
	=	497.013	/	1679.869
	=	0.30

Columbus McKinnon'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 )
	=	497.013	/	1679.869
	=	0.30

Columbus McKinnon (FRA:VC3) 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.

Columbus McKinnon LT-Debt-to-Total-Asset Related Terms

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Columbus McKinnon (FRA:VC3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Columbus McKinnon Corp (FRA:VC3) » Definitions » LT-Debt-to-Total-Asset

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CMCO:USA

Address

205 Crosspoint Parkway, Buffalo, NY, USA, 14068

Website

https://www.columbusmckinnon.com

Columbus McKinnon Corp is a designer, manufacturer and marketer of intelligent motion solutions, including motion control products, technologies, automated systems and services, that efficiently and ergonomically move, lift, position and secure materials. Its key products include hoists, crane components, precision conveyors, actuators, rigging tools, light rail workstations, and digital power and motion control systems. The company's targeted market verticals include general industries, mobile industries, energy and utilities, process industries, industrial automation, construction and infrastructure, food processing, entertainment, life sciences, consumer packaged goods and e-commerce/supply chain/warehousing.

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