CRTG (The Coretec Group) LT-Debt-to-Total-Asset: 0.29 (As of Jun. 2024)

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What is The Coretec Group LT-Debt-to-Total-Asset?

The Coretec Group CRTG LT-Debt-to-Total-Asset is 0.29 as of Jun. 2024.

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. The Coretec Group's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.29.

The Coretec Group's long-term debt to total assets ratio declined from Jun. 2023 (0.55) to Jun. 2024 (0.29). It may suggest that The Coretec Group is progressively becoming less dependent on debt to grow their business.

The Coretec Group  (OTCPK:CRTG) 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.

The Coretec Group LT-Debt-to-Total-Asset Related Terms

The Coretec Group LT-Debt-to-Total-Asset Historical Data

* Premium members only.

The historical data trend for The Coretec Group'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.

The Coretec Group LT-Debt-to-Total-Asset Chart

The Coretec Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.08 0.19 0.22 0.39 0.57

The Coretec Group Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.55 0.53 0.57 0.79 0.29

The Coretec Group LT-Debt-to-Total-Asset Calculation

The Coretec Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )=Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )/Total Assets (A: Dec. 2023 )
=1.004/1.761
=

The Coretec Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )=Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )/Total Assets (Q: Jun. 2024 )
=0.39/1.345
=

* 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.

Frequently Asked Questions Learn more about LT-Debt-to-Total-Asset →
What does a LT-Debt-to-Total-Asset of 0.29 mean?
The Coretec Group (CRTG) has a LT-Debt-to-Total-Asset of 0.29 as of Jun. 2024. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on The Coretec Group and its competitors.
Is The Coretec Group's LT-Debt-to-Total-Asset too high?
The Coretec Group's current LT-Debt-to-Total-Asset is 0.29.
How does The Coretec Group's LT-Debt-to-Total-Asset compare to ITOX and ANET?
The Coretec Group's LT-Debt-to-Total-Asset of 0.29 can be compared against companies in the Hardware industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good LT-Debt-to-Total-Asset for a Hardware company?
A good LT-Debt-to-Total-Asset depends on the Hardware industry context. However, LT-Debt-to-Total-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high LT-Debt-to-Total-Asset mean?
A high LT-Debt-to-Total-Asset can signal that a stock is expensive relative to its fundamentals. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on The Coretec Group and its competitors. The Coretec Group's current LT-Debt-to-Total-Asset is 0.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Coretec Group stock overvalued right now?
The Coretec Group (CRTG) has a current LT-Debt-to-Total-Asset of 0.29. The current LT-Debt-to-Total-Asset is 0.29. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is LT-Debt-to-Total-Asset calculated?
LT-Debt-to-Total-Asset is calculated from a company's financial statements. For The Coretec Group (CRTG), the current LT-Debt-to-Total-Asset is 0.29 as of Jun. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

The Coretec Group Business Description

Address 333 Jackson Plaza, Suite 460, Ann Arbor, MI, USA, 48103
The Coretec Group Inc is a technology company. The company is currently developing, testing, and providing new and improved technologies, products, and service solutions for energy-related industries, including oil/gas, renewable energy, and distributed energy industries. Many of these technologies and products also have applications for medical, electronic, photonic, display, and lighting markets. The company's product portfolio includes Endurion, Coretec HexaSilane, CSpace, and other Technologies which are based on the production of silicon products.