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Miller Industries (Miller Industries) LT-Debt-to-Total-Asset : 0.08 (As of Mar. 2024)


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What is Miller Industries 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. Miller Industries's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.08.

Miller Industries's long-term debt to total assets ratio declined from Mar. 2023 (0.08) to Mar. 2024 (0.08). It may suggest that Miller Industries is progressively becoming less dependent on debt to grow their business.

Miller Industries LT-Debt-to-Total-Asset Historical Data

The historical data trend for Miller Industries'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.

* Premium members only.

Miller Industries LT-Debt-to-Total-Asset Chart

Miller Industries Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.02 - - 0.09 0.09

Miller Industries 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.08 0.10 0.10 0.09 0.08

Miller Industries LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Dec. 2023 )=Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )/Total Assets (A: Dec. 2023 )
=60.506/647.21
=0.09

Miller Industries'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 )
=55.426/696.531
=0.08

* 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.

Miller Industries  (NYSE:MLR) 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.

Miller Industries LT-Debt-to-Total-Asset Related Terms

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Miller Industries (Miller Industries) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Miller Industries Inc (NYSE:MLR) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
ECX LAZR PLOW SES HLLY SRI SMP CYD MNRO CPS TSE:6902 TSE:5108 XPAR:ML MBLY GPC APTV SHSE:600660 XKRX:012330 TSX:MG XTER:CON
Traded in Other Exchanges
N/A
Address
8503 Hilltop Drive, Ooltewah, TN, USA, 37363
Website
https://www.millerind.com
Miller Industries Inc is engaged in the manufacturing of vehicle towing and recovery equipment. The company produces wreckers, car carriers, and trailer bodies under the Century, Vulcan, Challenger, Holmes, Champion, Chevron, Eagle, Titan, Jige, and Boniface brands. The products are sold primarily in North America, Canada, and Mexico through independent distributors.
Executives
Jill Sutton director 313 IRON HORSE WAY, PROVIDENCE RI 02908
Peter Lee Jackson director 8503 HILLTOP DRIVE, OOLTEWAH TN 37363
Javier A Reyes director 65 FALLING WATER LANE, MORGANTOWN WV 26508
Susan E Sweeney director 5605 CARNEGIE BLVD. SUITE 500, CHARLOTTE NC 28209
Jeffrey I Badgley officer: Co-CEO
Miller William G. Ii director, officer: CEO and President 8503 HILLTOP DRIVE, OOLTEWAH TN 37363
Josias W. Reyneke officer: Chief Information Officer 8503 HILLTOP DRIVE, OOLTEWAH TN 37363
Deborah L Whitmire director, officer: Chief Financial Officer 8503 HILLTOP DRIVE, OOLTEWAH TN 37363
Frank Madonia officer: Executive VP, Secretary & GC
Vincent J. Tiano officer: Vice President and CRO 8515 CAVANAUGH LANE, HIXSON TN 37343
Jamison Linden officer: Vice President and CMO 8503 HILLTOP DRIVE, OOLTEWAH TN 37363
Leigh Walton director 150 THIRD AVENUE SOUTH, SUITE 2800, NASHVILLE TN 37201
Ashford Theodore H. Iii director 909 STUART ROAD, WILMINGTON DE 19807
Richard H Roberts director C/O MILLER INDUSTRIES, INC., 8503 HILLTOP DRIVE, OOLTEWAH TN 37363
Chandler A Russell Iii director C/O KILPATRICK STOCKTON LLP, 110 PEACHTREE STREET SUITE 2800, ATLANTA GA 30309