ProPhotonix (ProPhotonix) LT-Debt-to-Total-Asset : 0.02 (As of Jun. 2021)

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What is ProPhotonix LT-Debt-to-Total-Asset?

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 & Capital Lease Obligationdivide by its Total Assets. ProPhotonix's long-term debt to total assests ratio for the quarter that ended in Jun. 2021 was 0.02.

ProPhotonix's long-term debt to total assets ratio declined from Jun. 2020 (0.06) to Jun. 2021 (0.02). It may suggest that ProPhotonix is progressively becoming less dependent on debt to grow their business.

ProPhotonix LT-Debt-to-Total-Asset Historical Data

The historical data trend for ProPhotonix's LT-Debt-to-Total-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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ProPhotonix LT-Debt-to-Total-Asset Chart

ProPhotonix Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

LT-Debt-to-Total-Asset

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0.01

0.07

0.05

ProPhotonix Semi-Annual Data
	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.06	0.07	0.06	0.05	0.02

ProPhotonix LT-Debt-to-Total-Asset Calculation

ProPhotonix's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2020 is calculated as

LT Debt to Total Assets (A: Dec. 2020 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2020 )	/	Total Assets (A: Dec. 2020 )
	=	0.442	/	9.713
	=	0.05

ProPhotonix's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2021 is calculated as

LT Debt to Total Assets (Q: Jun. 2021 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2021 )	/	Total Assets (Q: Jun. 2021 )
	=	0.228	/	9.929
	=	0.02

ProPhotonix (OTCPK:STKR) LT-Debt-to-Total-Asset 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.

ProPhotonix LT-Debt-to-Total-Asset Related Terms

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ProPhotonix (ProPhotonix) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » ProPhotonix Ltd (OTCPK:STKR) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

13 Red Roof Lane, Suite 200, Salem, NH, USA, 03079

Website

https://www.prophotonix.com

ProPhotonix Ltd is engaged in the electronic component business. The company has two operating segments: Light-emitting diode systems (LEDs), which designs and manufactures LED systems for the inspection, machine vision, medical and military markets; and Laser & Diodes, which distributes laser diodes and designs and manufactures custom laser diodes modules for industrial, commercial, defense and medical applications. Its geographical segments are the United States; Canada, Mexico, & South America; Europe; and Asia & the rest of the world.