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Pinstripes Holdings�Inc (Pinstripes Holdings�Inc) LT-Debt-to-Total-Asset : 0.93 (As of Oct. 2023)


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What is Pinstripes Holdings�Inc 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. Pinstripes Holdings�Inc's long-term debt to total assests ratio for the quarter that ended in Oct. 2023 was 0.93.

Pinstripes Holdings�Inc's long-term debt to total assets ratio increased from Apr. 2022 (0.87) to Oct. 2023 (0.93). It may suggest that Pinstripes Holdings�Inc is progressively becoming more dependent on debt to grow their business.

Pinstripes Holdings�Inc LT-Debt-to-Total-Asset Historical Data

The historical data trend for Pinstripes Holdings�Inc'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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Pinstripes Holdings�Inc LT-Debt-to-Total-Asset Chart

Pinstripes Holdings�Inc Annual Data
Trend Apr21 Apr22 Apr23
LT-Debt-to-Total-Asset
- 0.87 0.98

Pinstripes Holdings�Inc Semi-Annual Data
Apr21 Apr22 Apr23 Oct23
LT-Debt-to-Total-Asset - 0.87 0.98 0.93

Pinstripes Holdings�Inc LT-Debt-to-Total-Asset Calculation

Pinstripes Holdings�Inc'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 )
=127.609/130.927
=0.97

Pinstripes Holdings�Inc's Long-Term Debt to Total Asset Ratio for the quarter that ended in Oct. 2023 is calculated as

LT Debt to Total Assets (Q: Oct. 2023 )=Long-Term Debt & Capital Lease Obligation (Q: Oct. 2023 )/Total Assets (Q: Oct. 2023 )
=131.847/141.303
=0.93

* 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.

Pinstripes Holdings�Inc  (NYSE:PNST) 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.

Pinstripes Holdings�Inc LT-Debt-to-Total-Asset Related Terms

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Pinstripes Holdings�Inc (Pinstripes Holdings�Inc) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Pinstripes Holdings�Inc (NYSE:PNST) » Definitions » LT-Debt-to-Total-Asset
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Traded in Other Exchanges
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Address
1150 Willow Road, Northbrook, IL, USA, 60062
Website
https://www.pinstripes.com
Pinstripes Holdings Inc is an experiential dining and entertainment concept combining exceptional Italian-American cuisine with bowling, bocce, and private events. It owns and operates about 13 restaurants in the USA. The company designs and constructs large-format locations that are each 26,000 to 38,000 square feet of interior space, plus additional outdoor patio space that includes outdoor dining, bocce courts, fire-pits and decorative fountains.