PGT Innovations (PGT Innovations) LT-Debt-to-Total-Asset : 0.46 (As of Dec. 2023)

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What is PGT Innovations 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. PGT Innovations's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.46.

PGT Innovations's long-term debt to total assets ratio increased from Dec. 2022 (0.45) to Dec. 2023 (0.46). It may suggest that PGT Innovations is progressively becoming more dependent on debt to grow their business.

PGT Innovations LT-Debt-to-Total-Asset Historical Data

The historical data trend for PGT Innovations'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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PGT Innovations LT-Debt-to-Total-Asset Chart

PGT Innovations Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.43

0.42

0.49

0.45

0.46

PGT Innovations Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.45	0.46	0.48	0.45	0.46

PGT Innovations LT-Debt-to-Total-Asset Calculation

PGT Innovations'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 )
	=	726.132	/	1577.879
	=	0.46

PGT Innovations's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	726.132	/	1577.879
	=	0.46

PGT Innovations (NYSE:PGTI) 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.

PGT Innovations LT-Debt-to-Total-Asset Related Terms

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PGT Innovations (PGT Innovations) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » PGT Innovations Inc (NYSE:PGTI) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

P9I:Germany

Address

1070 Technology Drive, North Venice, FL, USA, 34275

Website

https://www.pgtinnovations.com

PGT Innovations Inc is a leading manufacturer of impact-resistant aluminum and vinyl-framed windows and doors and offers a broad range of fully customizable window and door products. The company distributes products through multiple channels, including window distributors, building supply distributors, window replacement dealers, and enclosure contractors. The products are sold through authorized dealers and distributor networks in the states of the Caribbean, Florida, Canada, and in South and Central America but the majority of its revenue is generated from Florida.

Executives

Rodney Hershberger	director	PGT INNOVATIONS, INC., 1070 TECHNOLOGY DRIVE, NORTH VENICE FL 34275
Christopher J Stephens	director	123 MAIN STREET, BRISTOL CT 06010
Deborah L Lapinska	officer: See Remarks	PGT, INC., 1070 TECHNOLOGY DRIVE, NORTH VENICE FL 34275
Craig Henderson	officer: INTERIM CFO	1070 TECHNOLOGY DR., NORTH VENICE FL 34275
Richard D Feintuch	director	PGT INNOVATIONS, INC., 1070 TECHNOLOGY DRIVE, NORTH VENICE FL 34275
Robert Andrew Keller	officer: Sr. V.P. of Cust. Str & Innov.	1070 TECHNOLOGY DRIVE, NORTH VENICE FL 34275
Frances Powell Hawes	director	AMERICAN ELECTRIC TECHNOLOGIES, INC., 6410 LONG DRIVE, HOUSTON TX 77087
William J Morgan	director	123 MAIN STREET, BRISTOL CT 06011-0489
Sheree L Bargabos	director	1070 TECHNOLOGY DRIVE, NORTH VENICE FL 34275
Xavier Boza	director	ONE CAMPBELL PLACE, CAMDEN NJ 08103
Floyd F Sherman	director	BUILDERS FIRSTSOURCE INC., 2001 BRYAN STREET, SUITE 1600, DALLAS TX 75201
Alexander R Castaldi	director	BUILDERS FIRSTSOURCE INC., 2001 BRYAN STREET, SUITE 1600, DALLAS TX 75201
Brett N Milgrim	director	BUILDERS FIRSTSOURCE INC., 2001 BRYAN STREET, SUITE 1600, DALLAS TX 75201
Ryan S. Quinn	officer: Sr. V.P. and General Counsel	11115 RUSHMORE DR., CHARLOTTE NC 28277
Jeffrey T Jackson	director, officer: PRESIDENT AND CEO	PGT, INC., 1070 TECHNOLOGY DRIVE, NORTH VENICE FL 34275