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ITM Power (LSE:ITM) LT-Debt-to-Total-Asset : 0.03 (As of Apr. 2024)


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What is ITM Power 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. ITM Power's long-term debt to total assests ratio for the quarter that ended in Apr. 2024 was 0.03.

ITM Power's long-term debt to total assets ratio increased from Apr. 2023 (0.02) to Apr. 2024 (0.03). It may suggest that ITM Power is progressively becoming more dependent on debt to grow their business.

ITM Power LT-Debt-to-Total-Asset Historical Data

The historical data trend for ITM Power'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.

ITM Power LT-Debt-to-Total-Asset Chart

ITM Power Annual Data
Trend Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.08 0.03 0.01 0.02 0.03

ITM Power 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 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 0.01 0.01 0.02 0.02 0.03

ITM Power LT-Debt-to-Total-Asset Calculation

ITM Power'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 )
=12.026/381.781
=0.03

ITM Power'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 )
=12.026/381.781
=0.03

* 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.

ITM Power  (LSE:ITM) 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.

ITM Power LT-Debt-to-Total-Asset Related Terms

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ITM Power Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ITM Power PLC (LSE:ITM) » Definitions » LT-Debt-to-Total-Asset
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Address
2 Bessemer Park, Shepcote Lane, Sheffield, GBR, S9 1DZ
Website
https://www.itm-power.com
ITM Power PLC designs and manufactures integrated hydrogen energy systems for energy storage and clean fuel production. The company is also involved in the research and development of scientific and engineering projects; the development and manufacture of prototype products; and the sale of electrolyzer products such as HGas, HFuel, HPac. It offers a range of services including construction, consulting, and other services. Its primary geographic markets are the United Kingdom, the Rest of Europe, Germany, and with maximum revenue from the United Kingdom.