EXROF (Exro Technologies) LT-Debt-to-Total-Asset : 0.53 (As of Sep. 2024)

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What is Exro 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. Exro Technologies's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.53.

Exro Technologies's long-term debt to total assets ratio increased from Sep. 2023 (0.25) to Sep. 2024 (0.53). It may suggest that Exro Technologies is progressively becoming more dependent on debt to grow their business.

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

The historical data trend for Exro 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.

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

Exro Technologies Annual Data

Trend

Jan16

Jan17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.10

0.29

Exro Technologies 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															0.25	0.29	0.22	0.05	0.53

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

Exro Technologies'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 )
	=	12.96	/	44.83
	=	0.29

Exro Technologies'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 )
	=	74.147	/	140.193
	=	0.53

Exro Technologies (OTCPK:EXROF) 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.

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

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Exro Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Exro Technologies Inc (OTCPK:EXROF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

1O2:Germany EXRO:Canada

Address

12 - 21 Highfield Circle SW, Calgary, AB, CAN, T2G 5N6

Website

https://www.exro.com

Exro Technologies Inc is a Canadian-based company commercializing patented technology designed to advance existing rotating electric machines. It is engaged in the production of electronics for electric motors and generators. The company serves car/truck, bus, generator, appliance, elevator, escalator, conveyor, ship drive, fan, pump, crane, HVAC, compressor, vacuum, train, industrial motor, wind turbine, and subway markets. The company is working towards commercialization and series production of its patented coil driver technology and proprietary system architecture for power electronics as well as its cell driver technology for stationary energy storage.