DNMR (Danimer Scientific) LT-Debt-to-Total-Asset: 0.63 (As of Sep. 2024)


DNMR Danimer Scientific Inc DNMR
12 GF Score
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What is Danimer Scientific LT-Debt-to-Total-Asset?

Danimer Scientific DNMR 12 LT-Debt-to-Total-Asset is 0.63 as of Sep. 2024. GuruFocus rates DNMR with a GF Score™ of 12/100.

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. Danimer Scientific's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.63.

Danimer Scientific's long-term debt to total assets ratio increased from Sep. 2023 (0.56) to Sep. 2024 (0.63). It may suggest that Danimer Scientific is progressively becoming more dependent on debt to grow their business.

Danimer Scientific  (OTCPK:DNMR) 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.

Danimer Scientific LT-Debt-to-Total-Asset Related Terms

Danimer Scientific LT-Debt-to-Total-Asset Historical Data

* Premium members only.

The historical data trend for Danimer Scientific'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.

Danimer Scientific LT-Debt-to-Total-Asset Chart

Danimer Scientific Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
0.63 0.10 0.34 0.43 0.58

Danimer Scientific 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 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 0.56 0.58 0.59 0.61 0.63
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Danimer Scientific Inc DNMR
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Danimer Scientific LT-Debt-to-Total-Asset Calculation

Danimer Scientific'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 )
=403.363/698.131
=0.58

Danimer Scientific'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 )
=403.292/643.77
=0.63

* 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 0.63 mean?
Danimer Scientific (DNMR) has a LT-Debt-to-Total-Asset of 0.63 as of Sep. 2024. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Danimer Scientific and its competitors.
Is Danimer Scientific's LT-Debt-to-Total-Asset too high?
Danimer Scientific's current LT-Debt-to-Total-Asset is 0.63. Overall, Danimer Scientific has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Danimer Scientific's LT-Debt-to-Total-Asset compare to HGAS and BON?
Danimer Scientific's LT-Debt-to-Total-Asset of 0.63 can be compared against companies in the Chemicals 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 Chemicals company?
A good LT-Debt-to-Total-Asset depends on the Chemicals 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 Danimer Scientific and its competitors. Danimer Scientific's current LT-Debt-to-Total-Asset is 0.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Danimer Scientific stock overvalued right now?
Danimer Scientific (DNMR) has a current LT-Debt-to-Total-Asset of 0.63. The current LT-Debt-to-Total-Asset is 0.63. Danimer Scientific's overall GF Score™ is 12/100. 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 Danimer Scientific (DNMR), the current LT-Debt-to-Total-Asset is 0.63 as of Sep. 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.

Danimer Scientific Business Description

Address 140 Industrial Boulevard, Bainbridge, GA, USA, 39817
Danimer Scientific Inc creates more sustainable, more natural ways to make plastic products sold under the proprietary Nodax brand name. The company's renewable and sustainable biopolymers have helped create plastic products that are biodegradable and compostable. Danimer Scientific's products return to nature instead of polluting lands and waters. Its technology can be found in a vast array of plastic end-use products that people use every day. Applications for its biopolymers include additives, aqueous coatings, fibers, filaments, films, and injection-molded articles, among others. Geographically, the company generates a majority of its revenue from the United States and the rest from Germany, Poland, Belgium, and other regions.
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