Kraken Robotics (FRA:2KQ) LT-Debt-to-Total-Asset : 0.18 (As of Sep. 2024)

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

Kraken Robotics's long-term debt to total assets ratio increased from Sep. 2023 (0.05) to Sep. 2024 (0.18). It may suggest that Kraken Robotics is progressively becoming more dependent on debt to grow their business.

Kraken Robotics LT-Debt-to-Total-Asset Historical Data

The historical data trend for Kraken Robotics'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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Kraken Robotics LT-Debt-to-Total-Asset Chart

Kraken Robotics Annual Data

Trend

Sep14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.10

0.11

0.14

0.06

0.05

Kraken Robotics 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															0.05	0.05	0.05	0.19	0.18

Kraken Robotics LT-Debt-to-Total-Asset Calculation

Kraken Robotics'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 )
	=	2.665	/	52.233
	=	0.05

Kraken Robotics'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 )
	=	11.895	/	67.295
	=	0.18

Kraken Robotics (FRA:2KQ) 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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Kraken Robotics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Kraken Robotics Inc (FRA:2KQ) » Definitions » LT-Debt-to-Total-Asset

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KRKNF:USA 2KQ:Germany PNG:Canada

Address

189 Glencoe Drive, Mount Pearl, NL, CAN, A1N 4P6

Website

https://www.krakenrobotics.com

Kraken Robotics Inc is a Canadian company that supplies sonar and optical sensors, batteries, and underwater robotics equipment and services for military and commercial applications. It operates in the business segments of Products which is the design, manufacture, and sale of equipment including underwater vehicle platforms, Synthetic Aperture Sonar, and subsea power equipment; and Services which is the provision of services for underwater sonar and laser scanner sensor equipment and underwater vehicle platforms. It generates the majority of its revenue from the Products segment.

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