VOXX International (FRA:VOX) LT-Debt-to-Total-Asset : 0.10 (As of Nov. 2023)

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What is VOXX International 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. VOXX International's long-term debt to total assests ratio for the quarter that ended in Nov. 2023 was 0.10.

VOXX International's long-term debt to total assets ratio increased from Nov. 2022 (0.09) to Nov. 2023 (0.10). It may suggest that VOXX International is progressively becoming more dependent on debt to grow their business.

VOXX International LT-Debt-to-Total-Asset Historical Data

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

VOXX International Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

LT-Debt-to-Total-Asset

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0.01

0.02

0.08

VOXX International Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.09	0.08	0.07	0.09	0.10

VOXX International LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Feb. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Feb. 2023 )	/	Total Assets (A: Feb. 2023 )
	=	37.439	/	485.167
	=	0.08

VOXX International's Long-Term Debt to Total Asset Ratio for the quarter that ended in Nov. 2023 is calculated as

LT Debt to Total Assets (Q: Nov. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Nov. 2023 )	/	Total Assets (Q: Nov. 2023 )
	=	45.829	/	460.511
	=	0.10

VOXX International (FRA:VOX) 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.

VOXX International LT-Debt-to-Total-Asset Related Terms

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VOXX International (FRA:VOX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » VOXX International Corp (FRA:VOX) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

VOXX:USA VOX:Germany

Address

2351 J. Lawson Boulevard, Orlando, FL, USA, 32824

Website

https://www.voxxintl.com

VOXX International Corp manufacturer and distributor in the Automotive Electronics, Consumer Electronics, and Biometrics industries. The consumer electronic products primarily consist of finished goods sold to retail and commercial customers, consisting of premium audio and other consumer electronic products. Automotive products, some of which are manufactured by the Company, are sold both to OEM and aftermarket customers. Biometric products, primarily consisting of finished goods, are sold to retail and commercial customers.