Cleantech Building Materials (LSE:CBM) LT-Debt-to-Total-Asset : 0.03 (As of Jun. 2021)

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What is Cleantech Building Materials 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. Cleantech Building Materials's long-term debt to total assests ratio for the quarter that ended in Jun. 2021 was 0.03.

Cleantech Building Materials's long-term debt to total assets ratio declined from Jun. 2020 (0.04) to Jun. 2021 (0.03). It may suggest that Cleantech Building Materials is progressively becoming less dependent on debt to grow their business.

Cleantech Building Materials LT-Debt-to-Total-Asset Historical Data

The historical data trend for Cleantech Building Materials'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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Cleantech Building Materials LT-Debt-to-Total-Asset Chart

Cleantech Building Materials Annual Data

Trend

Mar15

Mar16

Dec17

Dec18

Dec19

Dec20

LT-Debt-to-Total-Asset

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0.40

0.64

0.02

Cleantech Building Materials Semi-Annual Data
	Mar15	Mar16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial						-	0.02	0.04	-	0.03

Cleantech Building Materials LT-Debt-to-Total-Asset Calculation

Cleantech Building Materials's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2020 is calculated as

LT Debt to Total Assets (A: Dec. 2020 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2020 )	/	Total Assets (A: Dec. 2020 )
	=	0	/	10.419
	=	0.00

Cleantech Building Materials's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2021 is calculated as

LT Debt to Total Assets (Q: Jun. 2021 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2021 )	/	Total Assets (Q: Jun. 2021 )
	=	0.265	/	9.902
	=	0.03

Cleantech Building Materials (LSE:CBM) 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.

Cleantech Building Materials LT-Debt-to-Total-Asset Related Terms

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Cleantech Building Materials Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Cleantech Building Materials PLC (LSE:CBM) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

7 Trebeck Street, London, GBR, W1J 7LU

Website

http://www.cbm-plc.com

Cleantech Building Materials PLC provides building materials. It is engaged in the sale of specialist wood products, technology licensing, sourcing and procurement, business development and investment holding. The group generates revenue from the ASEAN region.

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