Switch to:
Cyberonics Inc (NAS:CYBX)
Long-Term Debt to Total Assets
0.04 (As of Sep. 2016)

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's long-term debt divide by its total assets. Cyberonics Inc's long-term debt to total assests ratio for the quarter that ended in Sep. 2016 was 0.04.

Cyberonics Inc's long-term debt to total assets ratio increased from Oct. 2015 (0.00) to Sep. 2016 (0.04). It may suggest that Cyberonics Inc is progressively becoming more dependent on debt to grow their business.

Definition

Cyberonics Inc's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Apr. 2015 is calculated as

 LT Debt to Total Assets (A: Apr. 2015 ) = Long-Term Debt (A: Apr. 2015 ) / Total Assets (A: Apr. 2015 ) = 0 / 315.944 = 0.00

Cyberonics Inc's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2016 is calculated as

 LT Debt to Total Assets (Q: Sep. 2016 ) = Long-Term Debt (Q: Sep. 2016 ) / Total Assets (Q: Sep. 2016 ) = 90.938 / 2496.96 = 0.04

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Related Terms

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Cyberonics Inc Annual Data

 Apr06 Apr07 Apr08 Apr09 Apr10 Apr11 Apr12 Apr13 Apr14 Apr15 ltd2asset 0.00 0.00 0.92 0.56 0.10 0.00 0.00 0.00 0.00 0.00

Cyberonics Inc Quarterly Data

 Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 Dec15 Mar16 Jun16 Sep16 ltd2asset 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.04 0.03 0.04
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to \$400 per referral. ( Learn More)