Smith & Wesson Brands (LTS:0HEM) LT-Debt-to-Total-Asset : 0.18 (As of Jan. 2024)

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What is Smith & Wesson Brands 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. Smith & Wesson Brands's long-term debt to total assests ratio for the quarter that ended in Jan. 2024 was 0.18.

Smith & Wesson Brands's long-term debt to total assets ratio increased from Jan. 2023 (0.12) to Jan. 2024 (0.18). It may suggest that Smith & Wesson Brands is progressively becoming more dependent on debt to grow their business.

Smith & Wesson Brands LT-Debt-to-Total-Asset Historical Data

The historical data trend for Smith & Wesson Brands'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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Smith & Wesson Brands LT-Debt-to-Total-Asset Chart

Smith & Wesson Brands Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

LT-Debt-to-Total-Asset

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0.25

0.27

0.09

0.08

0.11

Smith & Wesson Brands Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.12	0.11	0.11	0.18	0.18

Smith & Wesson Brands LT-Debt-to-Total-Asset Calculation

Smith & Wesson Brands's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Apr. 2023 is calculated as

LT Debt to Total Assets (A: Apr. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Apr. 2023 )	/	Total Assets (A: Apr. 2023 )
	=	61.751	/	541.294
	=	0.11

Smith & Wesson Brands's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jan. 2024 is calculated as

LT Debt to Total Assets (Q: Jan. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jan. 2024 )	/	Total Assets (Q: Jan. 2024 )
	=	100.667	/	570.566
	=	0.18

Smith & Wesson Brands (LTS:0HEM) 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.

Smith & Wesson Brands LT-Debt-to-Total-Asset Related Terms

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Smith & Wesson Brands (LTS:0HEM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Smith & Wesson Brands Inc (LTS:0HEM) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

SWBI:USA SWS:Germany

Address

2100 Roosevelt Avenue, Springfield, MA, USA, 01104

Website

https://www.smith-wesson.com

Smith & Wesson Brands Inc is a U.S.-based leader in firearm manufacturing. It operates under one reportable segment: Firearms, which includes firearms distribution and manufacturing services. The company manufactures handguns, long guns, sporting rifles, shooting gear, and suppressor products. The firm's brand portfolio consists of Smith and Wesson, M&P, Thompson/Center Arms, Performance Center, and Gemtech; which are used for defense, law enforcement, hunting, and sporting purposes. The company operates internationally, with the majority of income generated by the U.S. market from its handgun products.

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