Altech Batteries (Altech Batteries) LT-Debt-to-Total-Asset : 0.17 (As of Dec. 2023)

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What is Altech Batteries 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. Altech Batteries's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.17.

Altech Batteries's long-term debt to total assets ratio increased from Dec. 2022 (0.02) to Dec. 2023 (0.17). It may suggest that Altech Batteries is progressively becoming more dependent on debt to grow their business.

Altech Batteries LT-Debt-to-Total-Asset Historical Data

The historical data trend for Altech Batteries'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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Altech Batteries LT-Debt-to-Total-Asset Chart

Altech Batteries Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.10

Altech Batteries Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	0.02	0.10	0.17

Altech Batteries LT-Debt-to-Total-Asset Calculation

Altech Batteries's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	2.848	/	30.119
	=

Altech Batteries's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	5.115	/	29.89
	=	0.17

Altech Batteries (OTCPK:ALTHF) 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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Altech Batteries (Altech Batteries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Altech Batteries Ltd (OTCPK:ALTHF) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

A3Y:Germany ATC:Australia

Address

295 Rokeby Road, Suite 8, Subiaco, Perth, WA, AUS, 6008

Website

https://www.altechgroup.com

Altech Batteries Ltd is a specialty battery technology company. The company operates in four segments which include Silumna Anodes, CERENERGY, High Purity Alumina, and Corporate. Its project includes the German Sodium Chloride CERENERGY Solid State (SCSS) Battery Project and others.

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