CYMHF (Cymat Technologies) LT-Debt-to-Total-Asset : 0.40 (As of Oct. 2024)

View and export this data going back to 2010. Start your Free Trial

What is Cymat Technologies 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. Cymat Technologies's long-term debt to total assests ratio for the quarter that ended in Oct. 2024 was 0.40.

Cymat Technologies's long-term debt to total assets ratio declined from Oct. 2023 (0.53) to Oct. 2024 (0.40). It may suggest that Cymat Technologies is progressively becoming less dependent on debt to grow their business.

Cymat Technologies LT-Debt-to-Total-Asset Historical Data

The historical data trend for Cymat Technologies'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.

* Premium members only.

Cymat Technologies LT-Debt-to-Total-Asset Chart

Cymat Technologies Annual Data

Trend

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Apr24

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.53

0.15

0.48

0.41

Cymat Technologies Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.53	0.47	0.41	0.47	0.40

Cymat Technologies LT-Debt-to-Total-Asset Calculation

Cymat Technologies's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Apr. 2024 is calculated as

LT Debt to Total Assets (A: Apr. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Apr. 2024 )	/	Total Assets (A: Apr. 2024 )
	=	1.174	/	2.897
	=	0.41

Cymat Technologies's Long-Term Debt to Total Asset Ratio for the quarter that ended in Oct. 2024 is calculated as

LT Debt to Total Assets (Q: Oct. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Oct. 2024 )	/	Total Assets (Q: Oct. 2024 )
	=	1.018	/	2.537
	=	0.40

Cymat Technologies (OTCPK:CYMHF) 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.

Cymat Technologies LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Cymat Technologies's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Cymat Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Cymat Technologies Ltd (OTCPK:CYMHF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

CYM:Canada

Address

6320 Danville Road, Unit 2, Mississauga, ON, CAN, L5T 2L7

Website

https://www.cymat.com

Cymat Technologies Ltd is a manufacturing company, which holds licenses and related patents to make, use and sell Stabilized Aluminum Foam (SAF). SAF is produced utilizing a proprietary process in which gas is bubbled into molten alloyed aluminum containing a dispersion of fine ceramic particles to create foam, which is then cast into lightweight panels and shapes. The firm is manufacturing SAF for use in architectural, blast mitigation and energy absorption applications. Its products are used in the automotive and industrial markets.