DM (Desktop Metal) LT-Debt-to-Total-Asset : 0.48 (As of Sep. 2024)

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What is Desktop Metal 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. Desktop Metal's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.48.

Desktop Metal's long-term debt to total assets ratio increased from Sep. 2023 (0.21) to Sep. 2024 (0.48). It may suggest that Desktop Metal is progressively becoming more dependent on debt to grow their business.

Desktop Metal LT-Debt-to-Total-Asset Historical Data

The historical data trend for Desktop Metal'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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Desktop Metal LT-Debt-to-Total-Asset Chart

Desktop Metal Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.07

0.01

0.17

0.30

Desktop Metal 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															0.21	0.30	0.33	0.44	0.48

Desktop Metal LT-Debt-to-Total-Asset Calculation

Desktop Metal'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 )
	=	136.22	/	458.001
	=	0.30

Desktop Metal'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 )
	=	131.786	/	273.693
	=	0.48

Desktop Metal (NYSE:DM) 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.

Desktop Metal LT-Debt-to-Total-Asset Related Terms

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Desktop Metal Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Desktop Metal Inc (NYSE:DM) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

63 3rd Avenue, Burlington, MA, USA, 01803

Website

https://www.desktopmetal.com

Desktop Metal Inc manufactures 3D printing to make metal and carbon fiber 3D printing accessible to all engineers, designers, and manufacturers. 3D metal printing helps in the design and development of automotive parts, consumer goods, manufacture of industrial equipment, and design of mechanical systems. The company ships its product to markets in the Americas, Europe Middle East and Africa (EMEA), and Asia Pacific (APAC). It derives maximum revenue from Americas.

Executives

Thomas Nogueira	officer: CHIEF OPERATING OFFICER	C/O DESKTOP METAL, INC., 63 3RD AVENUE, BURLINGTON MA 01803
Jason M Cole	officer: CFO & TREASURER	C/O DESKTOP METAL, INC., 63 3RD AVENUE, BURLINGTON MA 01803
Jonah Myerberg	officer: Chief Technology Officer	C/O DESKTOP METAL, INC., 63 THIRD AVENUE, BURLINGTON MA 01803
Farhad Fred Ebrahimi	10 percent owner	191 UNIVERSITY BLVD., #246, DENVER CO 80206
Scott J Dussault	director	C/O DESKTOP METAL, INC., 63 THIRD AVE, BURLINGTON MA 01803
Ric Fulop	director, officer: Chief Executive Officer	C/O DESKTOP METAL, INC., 63 THIRD AVENUE, BURLINGTON MA 01803
Hindery Leo J. Jr.	director, other: See remarks.	C/O HMG, INC., C/O CINE LATINO, INC., 2000 PONCE DE LEON BLVD, SUITE 500, CORAL GABLES FL 33134
Michael M. Jafar	officer: CEO, Desktop Health	17901 VON KARMAN AVENUE, SUITE 150, IRVINE CA 92614
James S Eisenstein	director	C/O AMERICAN TOWER CORP, 116 HUNTINGTON AVE, BOSTON MA 02116
Jeffrey R Immelt	director	GENERAL ELECTRIC COMPANY, 41 FARNSWORTH STREET, BOSTON MA 02210
Siblani Ali El	director, officer: CEO of EnvisionTec US, LLC	63 THIRD AVENUE, BURLINGTON MA 01803
James Haley	officer: CFO & Treasurer	63 THIRD AVENUE, BURLINGTON MA 01803
Arjun Aggarwal	officer: Chief Product Officer	C/O DESKTOP METAL, INC., 63 THIRD AVENUE, BURLINGTON MA 01803
Wen Hsuan Hsieh	director	C/O DESKTOP METAL, INC., 63 THIRD AVENUE, BURLINGTON MA 01803
Bilal Zuberi	director	C/O DESKTOP METAL, INC., 63 THIRD AVENUE, BURLINGTON MA 01803