MyCelx Technologies (LSE:MYX) LT-Debt-to-Total-Asset : 0.06 (As of Jun. 2023)

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What is MyCelx 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. MyCelx Technologies's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.06.

MyCelx Technologies's long-term debt to total assets ratio declined from Jun. 2022 (0.07) to Jun. 2023 (0.06). It may suggest that MyCelx Technologies is progressively becoming less dependent on debt to grow their business.

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

The historical data trend for MyCelx 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.

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

MyCelx Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.09

0.10

0.08

0.07

0.06

MyCelx Technologies Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.08	0.07	0.07	0.06	0.06

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

MyCelx Technologies'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 )
	=	0.48	/	8.208
	=	0.06

MyCelx Technologies's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (Q: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )	/	Total Assets (Q: Jun. 2023 )
	=	0.574	/	9.628
	=

MyCelx Technologies (LSE:MYX) 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.

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

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MyCelx Technologies (LSE:MYX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » MyCelx Technologies Corp (LSE:MYX) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

1650 International Court, Suite 100, Norcross, GA, USA, 30093

Website

https://www.mycelx.com

MyCelx Technologies Corp is a clean water technology company. It provides novel water treatment solutions to the oil and gas, power, marine and heavy manufacturing sectors. The company created the patented MYCELX polymer using molecular cohesion for removing oil and other contaminants from water. Geographically, the group has a business presence in the Middle East, the United States, Nigeria, and Other regions, of which key revenue is derived from the Middle East region.