FARO (Faro Technologies) LT-Debt-to-Total-Asset : 0.18 (As of Sep. 2024)

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What is Faro 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. Faro Technologies's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.18.

Faro Technologies's long-term debt to total assets ratio increased from Sep. 2023 (0.17) to Sep. 2024 (0.18). It may suggest that Faro Technologies is progressively becoming more dependent on debt to grow their business.

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

The historical data trend for Faro 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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Faro Technologies LT-Debt-to-Total-Asset Chart

Faro Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.04

0.03

0.17

Faro 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															0.17	0.17	0.17	0.17	0.18

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

Faro 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 )
	=	83.597	/	504.692
	=	0.17

Faro 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 )
	=	85.508	/	489.63
	=	0.17

Faro Technologies (NAS:FARO) 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.

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

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Faro Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Faro Technologies Inc (NAS:FARO) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

FT1:Germany

Address

125 Technology Park, Lake Mary, FL, USA, 32746

Website

https://www.faro.com

Faro Technologies Inc is a technology company. It designs, develops, manufactures, markets and supports software-driven, three-dimensional (3-D) measurement, imaging, and realization solutions for the 3D metrology, architecture, engineering and construction (AEC), Operations and Maintenance (O&M) and public safety analytics markets. The company enables its customers to capture, measure, manipulate, interact with and share 3D and 2D data from the physical world in a virtual environment and then translate the information back into the physical domain. FARO suite of 3D products and software solutions are used for the inspection of components and assemblies, rapid prototyping, reverse engineering, documenting large volumes or structures in 3D, surveying, and construction.

Executives

Yuval Wasserman	director	1625 SHARP POINT DRIVE, FORT COLLINS CO 80525
Peter James Lau	director, officer: President and CEO	C/O HUBBELL INCORPORATED, 40 WATERVIEW DRIVE, SHELTON CT 06484
Jeffrey D Sexton	officer: Vice President of Global Sales	1519 MONTEVAL PLACE, SAN JOSE CA 95120
Alexander M Davern	director	C/O NATIONAL INSTRUMENTS, 11500 MOPAC BLDG C, AUSTIN TX 78759
Rotterdam Jeroen Van	director	851 WEST CYPRESS CREEK ROAD, FORT LAUDERDALE FL 33309
Stephen Cole	director	125 TECHNOLOGY PARK, LAKE MARY FL 32746
John Donofrio	director	ONE VILLAGE CENTER ROAD, VAN BUREN TOWNSHIP MI 48111
Jawad A Ahsan	director	17800 N 85TH ST, SCOTTSDALE AZ 85255
Rajani Ramanathan	director	C/O GUIDEWIRE SOFTWARE, INC., 2850 S DELAWARE STREET, S-400, SAN MATEO CA 94403
Moonhie Chin	director	AUTODESK, INC., 111 MCINNIS PARKWAY, SAN RAFAEL CA 94903
Kevin Beadle	officer: Senior Vice President, Sales	1601 S. MOPAC EXPRESSWAY, SUITE 100, AUSTIN TX 78746
Katrona Tyrrell	officer: Chief People Officer	C/O FARO TECHNOLOGIES, INC., 250 TECHNOLOGY PARK, LAKE MARY FL 32746
Yazid Tohme	officer: Chief R&D Officer	C/O FARO TECHNOLOGIES, INC., 250 TECHNOLOGY PARK, LAKE MARY FL 32746
Allen L. Muhich	officer: Chief Financial Officer	250 TECHNOLOGY PARK, LAKE MARY FL 32746
Michael D Burger	director, officer: President and CEO	250 TECHNOLOGY PARK, LAKE MARY FL 32746