VOXX International Corp (NASDAQ:VOXX) Q1 2020 Earnings Conference Call - Final Transcript
Jul 11, 2019 • 10:00 am ET
C. Michael Stoehr
net of fees.
Total debt as of May 31, 2019, was $16 million as compared to $17.6 million as of February 28, 2019, an improvement of $1.6 million. The company's total debt consists of mortgages related to our domestic and international properties and a euro asset-based lending obligation to support our German operations. Total long-term debt as of May 31, 2019, was $7.5 million as it compared to $7.6 million as of February 28, 2019, improvement of $100,000. We expect our debt to decline further upon the completion of the sale of our Pulheim facility.
Our balance sheet remains a company strength and affords us to leverage to execute a number of initiatives to improve our business.
Operator, we are now ready to open up the call for questions.
Patrick M. Lavelle
Thank you, Mike.