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Schmitt Industries Inc   (SMIT)
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Schmitt Industries Inc 's Long Term Debt to Equity

SMIT's quarterly Long Term Debt to Equity and Long Term Debt, Equity growth


Due to net new long-term borrowings of 63.45%, Long Term Debt to Equity fell to 4.13, a new company high.

Within Electronic Instruments & Controls industry in the forth quarter 2022, 38 other companies have achieved lower Long Term Debt to Equity than Schmitt Industries Inc in the IV Quarter 2022. While Long Term Debt to Equity total ranking has deteriorated compared to the third quarter 2022 from 2527 to 2989 .

Explain Long Term Debt to Equity Ratio?
How much Long Term Debt SMIT´s has?
What is the structure of SMIT´s Equity?


SMIT Long Term Debt to Equity (May 31 2022)
IV. Quarter
(Feb 28 2022)
III. Quarter
(Nov 30 2021)
II. Quarter
(Aug 31 2021)
I. Quarter
(May 31 2021)
IV. Quarter
Y / Y Equity Change -83.95 % -48.37 % -51.48 % -81.83 % -68.3 %
Y / Y Long Term Debt Change -23.26 % 3.39 % 44.86 % 55.88 % -
Long Term Debt to Equity MRQ 4.13 0.42 0.55 1.29 0.86
SMIT's Total Ranking # 2989 # 2527 # 46 # 2128 # 2190
Seq. Equity Change -83.54 % -21.85 % 115.91 % -42.2 % -47.06 %
Seq. Long Term Debt Change 63.45 % -41.13 % -7.35 % -13.92 % 120.2 %



Long Term Debt to Equity forth quarter 2022 Company Ranking
Within: No.
Electronic Instruments & Controls Industry # 39
Technology Sector # 388
Overall Market # 2989


Long Term Debt to Equity Statistics
High Average Low
4.13 0.97 0.15
(May 31 2022)   (Aug 31 2020)




Financial Statements
Schmitt Industries Inc 's Equity $ 1 Millions Visit SMIT's Balance sheet
Schmitt Industries Inc 's Long Term Debt $ 2 Millions Visit SMIT's Balance sheet
Source of SMIT's Sales Visit SMIT's Sales by Geography


Cumulative Schmitt Industries Inc 's Long Term Debt to Equity

SMIT's Long Term Debt to Equity for the trailling 12 Months

SMIT Long Term Debt to Equity

(May 31 2022)
IV. Quarter
(Feb 28 2022)
III. Quarter
(Nov 30 2021)
II. Quarter
(Aug 31 2021)
I. Quarter
(May 31 2021)
IV. Quarter
Y / Y Equity TTM Growth -83.95 % -48.37 % -51.48 % -81.83 % -68.3 %
Y / Y Long Term Debt TTM Growth -23.26 % 3.39 % 44.86 % 55.88 % -
Long Term Debt to Equity TTM 0.84 0.71 0.57 0.41 0.26
Total Ranking TTM # 1948 # 133 # 106 # 101 # 19
Seq. Equity TTM Growth -83.54 % -21.85 % 115.91 % -42.2 % -47.06 %
Seq. Long Term Debt TTM Growth 63.45 % -41.13 % -7.35 % -13.92 % 120.2 %


On the trailing twelve months basis Due to the net new long-term borrowings of 63.45% during the trailing twelve months finishing in the IV Quarter 2022, cumulativeLong Term Debt to Equity improved to 0.84, a new company high.
Long Term Debt to Equity is the average cumulative value over the last four quarters.

Among companies in the Electronic Instruments & Controls industry 28, during the past 12 months, other companies have achieved lower Long Term Debt to Equity than Schmitt Industries Inc . While Long Term Debt to Equity total ranking has deteriorated during the twelve months ending in the IV Quarter 2022, compared to the prior period, from 133 to 1948.

Explain Long Term Debt to Equity Ratio?
How much Long Term Debt SMIT´s has?
What is the structure of SMIT´s Equity?

TTM Long Term Debt to Equity Company Ranking
Within: No.
Within the Electronic Instruments & Controls Industry # 29
Technology Sector # 249
Within the Market # 1948


trailing twelve months Long Term Debt to Equity Statistics
High Average Low
0.84 0.38 0.04
(May 31 2022)   (Aug 31 2020)




Companies with similar Long Term Debt to Equity in the quarter ending May 31 2022, within Electronic Instruments & Controls Industry Long Term Debt to EquityMay 31 2022 MRQ Long Term DebtMay 31 2022 MRQ Equity
Schmitt Industries Inc   4.13 $ 2.497  Millions$ 0.605  Millions
Senseonics Holdings Inc   3.18 $ 50.650  Millions$ 15.941  Millions
Vertiv Holdings Co  2.31 $ 3,117.500  Millions$ 1,351.700  Millions
Park ohio Holdings Corp  2.01 $ 655.600  Millions$ 326.200  Millions
Sensata Technologies Holding Plc  1.39 $ 4,213.512  Millions$ 3,023.584  Millions
Allient Inc  1.14 $ 228.901  Millions$ 201.279  Millions

Date modified: 2022-10-15T12:38:51+00:00



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