Fathom Digital Manufacturing (Fathom Digital Manufacturing) LT-Debt-to-Total-Asset : 0.03 (As of Dec. 2023)

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What is Fathom Digital Manufacturing 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. Fathom Digital Manufacturing's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.03.

Fathom Digital Manufacturing's long-term debt to total assets ratio declined from Dec. 2022 (0.34) to Dec. 2023 (0.03). It may suggest that Fathom Digital Manufacturing is progressively becoming less dependent on debt to grow their business.

Fathom Digital Manufacturing LT-Debt-to-Total-Asset Historical Data

The historical data trend for Fathom Digital Manufacturing'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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Fathom Digital Manufacturing LT-Debt-to-Total-Asset Chart

Fathom Digital Manufacturing Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.44

0.08

0.34

0.03

Fathom Digital Manufacturing Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial								0.34	0.34	0.34	0.03	0.03

Fathom Digital Manufacturing LT-Debt-to-Total-Asset Calculation

Fathom Digital Manufacturing'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 )
	=	9.199	/	329.763
	=	0.03

Fathom Digital Manufacturing's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	9.199	/	329.763
	=	0.03

Fathom Digital Manufacturing (NYSE:FATH) 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.

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Fathom Digital Manufacturing (Fathom Digital Manufacturing) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Fathom Digital Manufacturing Corp (NYSE:FATH) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1050 Walnut Ridge Drive, Hartland, WI, USA, 53029

Website

https://www.fathommfg.com

Fathom Digital Manufacturing Corp is an on-demand digital manufacturing platform in North America, serving comprehensive product development and low- to mid-volume manufacturing needs. The company blends in-house capabilities across plastic and metal additive technologies, CNC machining, injection molding & tooling, sheet metal fabrication, and design and engineering.