What is the debt of Griffon this year?
Griffon has a debt level of 1,366.6 USD this year.
Griffon Debt 2024
Griffon Debt
1,366.6 USD
Griffon Dividend yield
3.78 %
Ticker
GFF
ISIN
US3984331021
WKN
856788
In 2024, Griffon's total debt was 1,366.6 USD, a -5.98% change from the 1,453.5 USD total debt recorded in the previous year.
Griffon Aktienanalyse
What does Griffon do?
The Griffon Corporation is a publicly traded company based in New York that specializes in various industry sectors. The company was founded in 1959 by Harvey Blau and originally started as a manufacturer of household and cleaning products under the name Watchung Chemical Corporation. In 1970, Watchung Chemical acquired Phar Medium Corporation, a pharmaceutical products manufacturer. In 1980, the company changed its name to Griffon Corporation and expanded into various industry sectors. Griffon's core business today consists of three divisions: Home & Building Products, Telecommunications Infrastructure, and Specialty Plastics. Each division includes multiple specialized subsidiaries. Home & Building Products is Griffon's largest division and includes subsidiaries such as AMES, a manufacturer of garden and outdoor products, Clopay Building Products, a leading manufacturer of garage doors, and Everhard Products, a manufacturer of drainage solutions. Telecommunications Infrastructure is Griffon's second-largest division and includes subsidiaries such as Clopay Wireless Products, which offers wireless solutions for the telecommunications industry, and Telephonics, a leading manufacturer of radar systems and communication equipment. Griffon's third division is Specialty Plastics, which consists of two subsidiaries: Clopay Plastic Products and Clopay Europe. These companies are leading manufacturers of specialty films, plastic sheets, and packaging materials. Griffon has made numerous acquisitions in recent years to expand its business. In 2018, the company acquired CornellCookson, a manufacturer of roll-up door operators, and in 2019, it acquired ClosetMaid, a manufacturer of built-in closet systems. Overall, Griffon offers a wide range of products, including garage doors, roller shutters, drainage systems, specialty films, plastic sheets, and packaging materials. The company is constantly striving to improve its products and bring innovative solutions to the market. Griffon is also committed to developing sustainable products and solutions to contribute to environmental compatibility. The company has developed an environmentally friendly product line called "EcoLift," which uses electric forklifts with emission-free batteries. Additionally, Griffon has developed packaging materials that are 100% recyclable. Overall, the Griffon Corporation is a diversified company operating in various industry sectors. The company aims to find innovative solutions and develop sustainable products and solutions to meet the needs of its customers. Griffon ist eines der beliebtesten Unternehmen auf Eulerpool.com.Debt Details
Understanding Griffon's Debt Structure
Griffon's total debt refers to the cumulative financial obligations the company owes to external parties. This can include short-term and long-term borrowings, bonds, loans, and other financial instruments. Assessing the company's debt levels is crucial for evaluating its financial health, risk profile, and ability to fund operations and expansions.
Year-to-Year Comparison
Analyzing Griffon's debt structure over the years provides insights into the firm’s financial strategy and stability. A reduction in debt can indicate financial strength and operational efficiency, while an increase may signal growth investments or potential financial challenges ahead.
Impact on Investments
Investors pay close attention to Griffon’s debt levels as they can influence the company’s risk and return profiles. Excessive debt can lead to financial strain, while moderate and well-managed debt can be a catalyst for growth and expansion, making it a critical aspect of investment evaluations.
Interpreting Debt Fluctuations
Shifts in Griffon’s debt levels can be attributed to various operational and strategic factors. An increase in debt might be geared towards funding expansion projects or enhancing operational capacity, while a decrease may indicate profit realizations or an approach to minimize financial risk and leverage.
Frequently Asked Questions about Griffon Stock
What was the debt of Griffon compared to the previous year?
The debt of Griffon has increased by -5.98% compared to the previous year dropped.
What are the consequences of high debt for investors in Griffon?
High debt can pose a risk for investors of Griffon, as it can weaken the company's financial position and hinder its ability to fulfill its obligations.
What are the consequences of low debt for investors of Griffon?
Low debt means that Griffon has a strong financial position and is able to fulfill its obligations without overburdening its finances.
How does an increase in debt from Griffon affect the company?
An increase in debt of Griffon can adversely affect the financial condition of the company and result in a higher burden on its finances.
How does a reduction of debt of Griffon affect the company?
A reduction in debt of Griffon can strengthen the company's financial position and improve its ability to meet its financial obligations.
What are some factors that influence the debt of Griffon?
Some factors that can influence the debt of Griffon include investments, acquisitions, operating costs, and revenue development.
Why are the debts of Griffon so important for investors?
The debts of Griffon are important for investors as they serve as an indicator of the company's financial stability. It provides investors with information on how the company fulfills its financial obligations.
What strategic measures can Griffon take to change the debt?
To change the debt, Griffon can take measures such as cost savings, increasing revenue, selling assets, making investments, or forming partnerships. It is important for the company to conduct a thorough review of its financial situation to determine the best strategic actions to change its debt.
How much dividend does Griffon pay?
Over the past 12 months, Griffon paid a dividend of 2.5 USD . This corresponds to a dividend yield of about 3.78 %. For the coming 12 months, Griffon is expected to pay a dividend of 1.75 USD.
What is the dividend yield of Griffon?
The current dividend yield of Griffon is 3.78 %.
When does Griffon pay dividends?
Griffon pays a quarterly dividend. This is distributed in the months of October, December, March, July.
How secure is the dividend of Griffon?
Griffon paid dividends every year for the past 16 years.
What is the dividend of Griffon?
For the upcoming 12 months, dividends amounting to 1.75 USD are expected. This corresponds to a dividend yield of 2.64 %.
In which sector is Griffon located?
Griffon is assigned to the 'Industry' sector.
Wann musste ich die Aktien von Griffon kaufen, um die vorherige Dividende zu erhalten?
To receive the latest dividend of Griffon from 6/20/2024 amounting to 0.15 USD, you needed to have the stock in your portfolio before the ex-date on 5/29/2024.
When did Griffon pay the last dividend?
The last dividend was paid out on 6/20/2024.
What was the dividend of Griffon in the year 2023?
In the year 2023, Griffon distributed 2.37 USD as dividends.
In which currency does Griffon pay out the dividend?
The dividends of Griffon are distributed in USD.
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Andere Kennzahlen von Griffon
Our stock analysis for Griffon Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Griffon Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.
