CNTM (ConnectM Technology Solutions) LT-Debt-to-Total-Asset : 0.13 (As of Sep. 2024)

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What is ConnectM Technology Solutions 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. ConnectM Technology Solutions's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.13.

ConnectM Technology Solutions's long-term debt to total assets ratio increased from Jun. 2023 (0.00) to Sep. 2024 (0.13). It may suggest that ConnectM Technology Solutions is progressively becoming more dependent on debt to grow their business.

ConnectM Technology Solutions LT-Debt-to-Total-Asset Historical Data

The historical data trend for ConnectM Technology Solutions'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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ConnectM Technology Solutions LT-Debt-to-Total-Asset Chart

ConnectM Technology Solutions Annual Data

Trend

Dec21

Dec22

LT-Debt-to-Total-Asset

0.32

0.44

ConnectM Technology Solutions Quarterly Data
	Dec21	Sep22	Dec22	Jun23	Sep23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			-	0.28	0.14	-	0.13

ConnectM Technology Solutions LT-Debt-to-Total-Asset Calculation

ConnectM Technology Solutions's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	4.903	/	11.058
	=	0.44

ConnectM Technology Solutions'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 )
	=	1.749	/	13.747
	=	0.13

ConnectM Technology Solutions (NAS:CNTM) 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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ConnectM Technology Solutions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ConnectM Technology Solutions Inc (NAS:CNTM) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Mount Royal Avenue, Suite 550, Marlborough, MA, USA, 01752

Website

https://www.connectm.com

ConnectM Technology Solutions Inc is a clean energy technology and solutions provider. The company provides residential and light commercial buildings and all-electric original equipment manufacturers (OEMs) with a proprietary digital platform to accelerate the transition to solar and all-electric heating, cooling and transportation. The group makes electrification more user-friendly, affordable, precise, and socially meaningful by combining technology, data, artificial intelligence, and contemporary design. In addition to its vertically integrated service network, ConnectM offers customers a comprehensive technology stack that enables them to reduce their fossil fuel consumption, lower their energy bills, and decrease their carbon footprint.