Clearford Water Systems (Clearford Water Systems) LT-Debt-to-Total-Asset : 3.33 (As of Sep. 2021)

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What is Clearford Water Systems 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. Clearford Water Systems's long-term debt to total assests ratio for the quarter that ended in Sep. 2021 was 3.33.

Clearford Water Systems's long-term debt to total assets ratio increased from Sep. 2020 (2.92) to Sep. 2021 (3.33). It may suggest that Clearford Water Systems is progressively becoming more dependent on debt to grow their business.

Clearford Water Systems LT-Debt-to-Total-Asset Historical Data

The historical data trend for Clearford Water Systems'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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Clearford Water Systems LT-Debt-to-Total-Asset Chart

Clearford Water Systems Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

LT-Debt-to-Total-Asset

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2.06

2.03

2.79

2.84

3.04

Clearford Water Systems Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															2.92	3.04	3.30	3.51	3.33

Clearford Water Systems LT-Debt-to-Total-Asset Calculation

Clearford Water Systems'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 )
	=	42.441	/	13.985
	=	3.03

Clearford Water Systems's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2021 is calculated as

LT Debt to Total Assets (Q: Sep. 2021 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2021 )	/	Total Assets (Q: Sep. 2021 )
	=	52.188	/	15.672
	=	3.33

Clearford Water Systems (OTCPK:CLIRF) 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.

Clearford Water Systems LT-Debt-to-Total-Asset Related Terms

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Clearford Water Systems (Clearford Water Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Clearford Water Systems Inc (OTCPK:CLIRF) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

515 Legget Drive, Suite 100, Ottawa, ON, CAN, K2K 3G4

Website

https://www.clearford.com

Clearford Water Systems Inc provides unified water infrastructure solutions. The company is the developer of the Clearford One system, which is a combination of the company's ClearDigest Smart Digester, Small Bore Sewer (SBS) technology, a watertight small diameter wastewater collection system, SBS ClearConvey, and ClearRecover, a wastewater treatment facility-based on the processed influent. It operates through two segments namely Clearford One and UV Pure. The company generates revenue through a sale in various countries such as Canada, the United States of America, India, South America, and other countries. It derives maximum revenue from the Clearford One segment.

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