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LCTC (Lifeloc Technologies) LT-Debt-to-Total-Asset : 0.20 (As of Dec. 2024)


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What is Lifeloc 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. Lifeloc Technologies's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.20.

Lifeloc Technologies's long-term debt to total assets ratio increased from Dec. 2023 (0.14) to Dec. 2024 (0.20). It may suggest that Lifeloc Technologies is progressively becoming more dependent on debt to grow their business.

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

The historical data trend for Lifeloc 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.

* Premium members only.

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

Lifeloc Technologies Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.15 0.14 0.14 0.14 0.20

Lifeloc Technologies Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.14 0.14 0.14 0.14 0.20

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

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

LT Debt to Total Assets (A: Dec. 2024 )=Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )/Total Assets (A: Dec. 2024 )
=1.749/8.725
=0.20

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

LT Debt to Total Assets (Q: Dec. 2024 )=Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )/Total Assets (Q: Dec. 2024 )
=1.749/8.725
=0.20

* 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.

Lifeloc Technologies  (OTCPK:LCTC) 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.

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

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Lifeloc Technologies Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Lifeloc Technologies Inc (OTCPK:LCTC) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
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Traded in Other Exchanges
N/A
Address
12441 West 49th Avenue, Wheat Ridge, CO, USA, 80033
Website
https://www.lifeloc.com
Lifeloc Technologies Inc is a developer, manufacturer, and marketer of portable hand-held and fixed station breathalyzers and related accessories, supplies and education. It offers fuel-cell based breath alcohol testing equipment. In addition, it also offers a line of supplies, accessories, services, and training to support customers' alcohol testing programs. The company operates through two segments: Product Sales and Rentals. The Product Sales segment is a key revenue driver, includes the sale of physical products, including portable hand-held breathalyzers and related accessories.
Executives
Vern D Kornelsen director, 10 percent owner, officer: Secretary and CFO 4605 S. DENICE DR, ENGLEWOOD CO 80111
Donald E. Siecke director 12441 W 49TH AVE., UNIT 4, WHEAT RIDGE CO 80033
Michael Kornelsen director 700 N. WASHINGTON STREET, #1007, DENVER CO 80203
Wayne Willkomm director 12441 W 49TH AVENUE, UNIT #4, WHEAT RIDGE CO 80033
Gurumurthi Ravishankar director, officer: Executive Vice President 12441 W. 49TH STREET, SUITE 4, WHEAT RIDGE CO 80033
Partners Lllp Edco 10 percent owner 4605 S DENICE DR, ENGLEWOOD CO 80111
Robert D Greenlee director 2060 BROADWAY, BOULDER CO 80302
Kristie L. Larose officer: Vice President, Finance 12441 W. 49TH AVE., STE 4, WHEAT RIDGE CO 80033
Barry R. Knott director, officer: President, CEO and Treasurer 12441 W. 49TH AVE., STE 4, WHEAT RIDGE CO 80033
Mark A. Lary officer: Vice President, Operations 12441 W. 49TH AVE., STE 4, WHEAT RIDGE CO 80033
Robert H. Summers director 5816 S LUPINE DR, LITTLETON CO 80123
Alan C. Castrodale director 12441 . 49TH AVE., STE 4, WHEAT RIDGE CO 80033