Candela Medical (Candela Medical) LT-Debt-to-Total-Asset : 0.16 (As of Jun. 2021)

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What is Candela Medical 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. Candela Medical's long-term debt to total assests ratio for the quarter that ended in Jun. 2021 was 0.16.

Candela Medical's long-term debt to total assets ratio increased from . 20 (0.00) to Jun. 2021 (0.16). It may suggest that Candela Medical is progressively becoming more dependent on debt to grow their business.

Candela Medical LT-Debt-to-Total-Asset Historical Data

The historical data trend for Candela Medical'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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Candela Medical LT-Debt-to-Total-Asset Chart

Candela Medical Annual Data

Trend

Dec19

Dec20

LT-Debt-to-Total-Asset

0.16

Candela Medical Quarterly Data
	Dec19	Dec20	Jun21
LT-Debt-to-Total-Asset	-	0.16	0.16

Candela Medical LT-Debt-to-Total-Asset Calculation

Candela Medical'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 )
	=	85.756	/	532.877
	=	0.16

Candela Medical'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 )
	=	87.454	/	540.212
	=

Candela Medical (NAS:CDLA) 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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Candela Medical (Candela Medical) Business Description

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