ECORF (Elcora Advanced Materials) LT-Debt-to-Total-Asset : 0.33 (As of Dec. 2024)

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What is Elcora Advanced Materials 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. Elcora Advanced Materials's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.33.

Elcora Advanced Materials's long-term debt to total assets ratio increased from Dec. 2023 (0.30) to Dec. 2024 (0.33). It may suggest that Elcora Advanced Materials is progressively becoming more dependent on debt to grow their business.

Elcora Advanced Materials LT-Debt-to-Total-Asset Historical Data

The historical data trend for Elcora Advanced Materials'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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Elcora Advanced Materials LT-Debt-to-Total-Asset Chart

Elcora Advanced Materials Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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1.90

1.59

0.41

0.37

0.40

Elcora Advanced Materials Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.30	0.40	0.40	0.37	0.33

Elcora Advanced Materials LT-Debt-to-Total-Asset Calculation

Elcora Advanced Materials's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (A: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2024 )	/	Total Assets (A: Mar. 2024 )
	=	0.513	/	1.272
	=	0.40

Elcora Advanced Materials's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	0.472	/	1.414
	=

Elcora Advanced Materials (OTCPK:ECORF) 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.

Elcora Advanced Materials LT-Debt-to-Total-Asset Related Terms

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Elcora Advanced Materials Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Elcora Advanced Materials Corp (OTCPK:ECORF) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

ELM0:Germany ERA:Canada

Address

111 Ahmadi Crescent, Bedford, Nova Scotia, NS, CAN, B4E 4E5

Website

https://www.elcoracorp.com

Elcora Advanced Materials Corp is a vertically integrated graphite and graphene company. The company mines, processes, and refines graphite and produces both graphene and end graphene applications. The company's operating segment includes the explorations and development of mineral properties. The company operates in Canada and Morocco.