Sypris Solutions (Sypris Solutions) LT-Debt-to-Total-Asset : 0.10 (As of Dec. 2023)

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What is Sypris Solutions 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. Sypris Solutions's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.10.

Sypris Solutions's long-term debt to total assets ratio declined from Dec. 2022 (0.11) to Dec. 2023 (0.10). It may suggest that Sypris Solutions is progressively becoming less dependent on debt to grow their business.

Sypris Solutions LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sypris Solutions'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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Sypris Solutions LT-Debt-to-Total-Asset Chart

Sypris Solutions Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.26

0.28

0.20

0.11

0.10

Sypris Solutions 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															0.11	0.07	0.06	0.08	0.10

Sypris Solutions LT-Debt-to-Total-Asset Calculation

Sypris Solutions'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 )
	=	12.311	/	129.342
	=	0.10

Sypris Solutions'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 )
	=	12.311	/	129.342
	=	0.10

Sypris Solutions (NAS:SYPR) 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.

Sypris Solutions LT-Debt-to-Total-Asset Related Terms

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Sypris Solutions (Sypris Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Sypris Solutions Inc (NAS:SYPR) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

101 Bullitt Lane, Suite 450, Louisville, KY, USA, 40222

Website

https://www.sypris.com

Sypris Solutions Inc is a us based company engaged in providing outsourced services and specialty products. It offers a range of manufacturing, engineering, design and other technical services. Business activity of the firm is functioned through Sypris Technologies and Sypris Electronics segments. Sypris Technologies segment is engaged in the sale of goods and manufacturing services to customers in the market for truck components and assemblies and from the sale of products to the energy and chemical markets whereas the Sypris Electronics segment is engaged in the sale of manufacturing services, technical services, and products to customers in the market for aerospace and defense electronics. Sypris derives most of the revenue from Technologies segment.

Executives

Richard L Davis	officer: Senior Vice President	101 BULLITT LN., STE. 450, LOUISVILLE KY 40222
Rebecca R Eckert	officer: Principal Accounting Officer, other: Controller	101 BULLITT LANE, SUITE 450, LOUISVILLE KY 40222
Anthony C Allen	officer: VP of Finance & IT/Asst. Sec.	101 BULLITT LN., STE. 450, LOUISVILLE KY 40222
Jeffrey T Gill	director, 10 percent owner, officer: President & CEO	101 BULLITT LANE, SUITE 450, LOUISVILLE KY 40222
Gary L Convis	director	101 BULLITT LANE, SUITE 450, LOUISVILLE KY 40222
William G Ferko	director	7419 CEDAR BLUFF CT, PROSPECT KY 40059
Stephen W Straub	officer: Vice President Operations	101 BULLITT LANE, SUITE 450, LOUISVILLE KY 40222
Robert E Gill	director, 10 percent owner, officer: Chairman	101 BULLITT LANE, SUITE 450, LOUISVILLE KY 40222
Robert F Lentz	director	1311 VIA TOSCANA WAY, SUN CITY CENTER FL 33573
Paul G Larochelle	other: VP and Pres. of Subsidiary	101 BULLITT LANE, SUITE 450, LOUISVILLE KY 40222
Brian A. Lutes	officer: VP & CFO	101 BULLITT LANE, SUITE 450, LOUISVILLE KY 40222
John James Walsh	other: President of Subsidiary	101 BULLITT LANE, SUITE 450, LOUISVILLE KY 40222
French Mitchel Glen Jr	officer: Principal Accounting Officer, other: Controller	101 BULLITT LANE, SUITE 450, LOUISVILLE KY 40222
De Carvalho Sergio L	other: VP and Pres. of Subsidiary	101 BULLITT LANE, SUITE 450, LOUISVILLE KY 40222
Petersen Sidney R/ca	director	150 N. ORANGE GROVE BLVD, PASADENA CA 91103