How much debt does Clearfield have?

According to Clearfield's latest annual financial reports, the company's debt profile is as follows:

Total Debt and Liabilities

Clearfield's total debt stands at $18.36M. This is broken down into:

• Long-term debt: $15.00M
• Short-term debt: $6.28M

The company's net debt, which accounts for cash and cash equivalents, is $2.19M. In terms of overall financial obligations, Clearfield's total liabilities amount to $39.51M.

Debt Ratios and Metrics

To better understand Clearfield's debt position, we can look at several key ratios:

• Debt to Equity Ratio: 0.07 - this indicates the proportion of equity and debt the company uses to finance its assets.
• Debt Ratio: 5.82% - this shows the proportion of a company's assets that are financed through debt.
• Interest Coverage Ratio: 0.00 - this measures how easily a company can pay interest on its outstanding debt.
• Long-term Debt to Capitalization: 0.80% - this shows the proportion of long-term debt in the company's capital structure.
• Total Debt to Capitalization: 6.24% - this indicates the total debt in the company's capital structure.

These metrics provide insight into Clearfield's financial leverage and its ability to meet financial obligations. For a comprehensive understanding of the company's financial health, it's important to consider these debt metrics alongside other financial indicators and industry benchmarks.