CTHCF (CoTec Holdings) LT-Debt-to-Total-Asset : 0.05 (As of Sep. 2024)

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What is CoTec Holdings 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. CoTec Holdings's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.05.

CoTec Holdings's long-term debt to total assets ratio declined from Sep. 2023 (0.11) to Sep. 2024 (0.05). It may suggest that CoTec Holdings is progressively becoming less dependent on debt to grow their business.

CoTec Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for CoTec Holdings'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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CoTec Holdings LT-Debt-to-Total-Asset Chart

CoTec Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.13

0.07

CoTec Holdings Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.11	0.07	0.07	0.06	0.05

CoTec Holdings LT-Debt-to-Total-Asset Calculation

CoTec Holdings'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 )
	=	1.808	/	26.754
	=

CoTec Holdings'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 )
	=	1.583	/	31.2
	=	0.05

CoTec Holdings (OTCPK:CTHCF) 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.

CoTec Holdings LT-Debt-to-Total-Asset Related Terms

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CoTec Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » CoTec Holdings Corp (OTCPK:CTHCF) » Definitions » LT-Debt-to-Total-Asset

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CTH:Canada

Address

755 Burrard Street, Suite 428, Vancouver, BC, CAN, V6E 1V6

Website

https://www.cotec.ca

CoTec Holdings Corp focuses on investments in disruptive and scalable technology in the mineral extraction industry and, in parallel, acquiring assets to which the technology could be applied.