Schmitt Industries Long Term Debt

Schmitt Industries (SMIT) currently reports a long-term debt of $16M as of May 2022. That compares with $3.3M in the prior-year period — up 404.3% year over year. Use the charts on this page to explore Schmitt Industries's long-term debt history and peer comparisons.

Schmitt Industries's long-term debt increased from $3.3M to $16M — a 404.3% year-over-year increase (period ending May 2022). Watching multi-year history on the chart below helps separate one-off swings from a lasting trend.

Schmitt Industries reported $16M in long-term debt as of May 2022. That compares with $3.3M in the prior-year period — up 404.3% year over year. Absolute dollar amounts are most useful when compared with prior periods, peers, and related line items such as revenue, assets, or liabilities on Stockcircle.

Start with the current long-term debt of $16M, then check the historical chart for trend and the peer comparison chart for relative positioning. From there, open related valuation or income-statement pages for Schmitt Industries, and consider following SMIT for alerts when major investors trade the stock.

Schmitt Industries is classified in the Industrials sector. On long-term debt, it currently shows $16M. Sector peers often share similar capital intensity and growth regimes, so relative rankings inside Industrials are usually more informative than comparing SMIT with unrelated industries.