AKTSQ (Akoustis Technologies) LT-Debt-to-Total-Asset : 0.74 (As of Sep. 2024)

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What is Akoustis Technologies 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. Akoustis Technologies's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.74.

Akoustis Technologies's long-term debt to total assets ratio increased from Sep. 2023 (0.34) to Sep. 2024 (0.74). It may suggest that Akoustis Technologies is progressively becoming more dependent on debt to grow their business.

Akoustis Technologies LT-Debt-to-Total-Asset Historical Data

The historical data trend for Akoustis Technologies'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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Akoustis Technologies LT-Debt-to-Total-Asset Chart

Akoustis Technologies Annual Data

Trend

Jun15

Mar16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.33

0.28

0.30

0.61

Akoustis Technologies Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.34	0.39	0.41	0.61	0.74

Akoustis Technologies LT-Debt-to-Total-Asset Calculation

Akoustis Technologies's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (A: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2024 )	/	Total Assets (A: Jun. 2024 )
	=	42.349	/	69.741
	=	0.61

Akoustis Technologies's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	42.383	/	57.371
	=	0.74

Akoustis Technologies (OTCPK:AKTSQ) 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.

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Akoustis Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Akoustis Technologies Inc (OTCPK:AKTSQ) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

9805 Northcross Center Court, Suite A, Huntersville, NC, USA, 28078

Website

https://www.akoustis.com

Akoustis Technologies Inc is an emerging commercial product company focused on developing, designing, and manufacturing innovative RF filter solutions for the wireless industry, including for products such as smartphones and tablets, network infrastructure equipment, WiFi Customer Premise Equipment and defense applications. The company has developed a proprietary microelectromechanical system based bulk acoustic wave technology and a unique manufacturing process flow, called XBAW, for filters produced for use in RFFE modules. The company derives revenue from the sale of filter products under individual customer purchase orders, some of which have underlying master sales agreements that specify terms governing the product sales.

Executives

Jeffrey B. Shealy	director, 10 percent owner, officer: Chief Executive Officer	9805 NORTHCROSS CENTER CT, SUITE A, HUNTERSVILLE NC 28078
David Aichele	officer: VP of Business Development	9805 NORTHCROSS CENTER CT, SUITE H, HUNTERSVILLE NC 28078
Arthur Geiss	director	9805 NORTHCROSS CENTER CT, SUITE H, HUNTERSVILLE NC 28078
Kenneth Boller	officer: Interim CFO	9805 NORTHCROSS CENTER CT., SUITE A, HUNTERSVILLE NC 28078
Steven Denbaars	director	9805 NORTHCROSS CENTER CT, SUITE H, HUNTERSVILLE NC 28078
Michelle Petock	director	9805 NORTHCROSS CENTER CT., SUITE A, HUNTERSVILLE NC 28078
James Michael Mcguire	director	9805 NORTHCROSS CENTER CT., SUITE A, HUNTERSVILLE NC 28078
Suzanne B Rudy	director	7628 THORNDIKE RD, GREENSBORO NC 27409
Rohan Houlden	officer: Chief Product Officer	9805 NORTHCROSS CENTER CT., SUITE A, HUNTERSVILLE NC 27078
Jeffrey Mcmahon	director	9805 NORTHCROSS CENTER CT, SUITE H, HUNTERSVILLE NC 28078
Jerry D Neal	director
Steven P Miller	director	C/O TRIQUINT SEMICONDUCTOR INC, 2300 NE BROOKWOOD PKWY, HILLSBORO OR 97124
John T Kurtzweil	director	C/O CIRRUS LOGIC, INC., 2901 VIA FORTUNA, AUSTIN TX 78746
Mark N. Tompkins	10 percent owner	APP. 1, VIA GUIDINO 23, LUGANO-PARADISO V8 6900
Mark Boomgarden	officer: Vice President of Operations	9805 NORTHCROSS CENTER CT, SUITE H, HUNTERSVILLE NC 28078