Ilika (ILIKF) LT-Debt-to-Total-Asset : 0.02 (As of Apr. 2024)

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What is Ilika 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. Ilika's long-term debt to total assests ratio for the quarter that ended in Apr. 2024 was 0.02.

Ilika's long-term debt to total assets ratio increased from Apr. 2023 (0.01) to Apr. 2024 (0.02). It may suggest that Ilika is progressively becoming more dependent on debt to grow their business.

Ilika LT-Debt-to-Total-Asset Historical Data

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

Ilika Annual Data

Trend

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Apr24

LT-Debt-to-Total-Asset

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0.01

0.04

0.02

0.01

0.02

Ilika Semi-Annual Data
	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23	Apr24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	0.02	0.01	0.01	0.02

Ilika LT-Debt-to-Total-Asset Calculation

Ilika's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Apr. 2024 is calculated as

LT Debt to Total Assets (A: Apr. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Apr. 2024 )	/	Total Assets (A: Apr. 2024 )
	=	0.422	/	28.567
	=	0.01

Ilika's Long-Term Debt to Total Asset Ratio for the quarter that ended in Apr. 2024 is calculated as

LT Debt to Total Assets (Q: Apr. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Apr. 2024 )	/	Total Assets (Q: Apr. 2024 )
	=	0.422	/	28.567
	=	0.01

Ilika (OTCPK:ILIKF) 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.

Ilika LT-Debt-to-Total-Asset Related Terms

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Ilika Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ilika PLC (OTCPK:ILIKF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

IKA.GB:UK IKA:UK I8A:Germany

Address

Unit 10a, The Quadrangle, Abbey Park Industrial Estate, Romsey, GBR, SO51 9DL

Website

https://www.ilika.com

Ilika PLC is a pioneer in solid-state battery technology with its inventive Stereax micro batteries designed for Industrial IoT and MedTech markets. It also offers Goliath large format batteries for the electric vehicle and consumer electronics markets. Ilika works closely with its ecosystem of partners to provide customisable Stereax micro batteries that provide the specific power requirements to IoT or MedTech applications. Stereax battery technology offers compelling advantages over conventional lithium-ion batteries, including smaller footprint, high energy density, non-toxic materials, faster charging, increased cycle life, low leakage and reduced flammability. Stereax solid state batteries are also customisable in shape and form, stackable and operational at high temperatures.