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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. Luna Innovations's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.21.
Luna Innovations's long-term debt to total assets ratio increased from Sep. 2022 (0.15) to Sep. 2023 (0.21). It may suggest that Luna Innovations is progressively becoming more dependent on debt to grow their business.
The historical data trend for Luna Innovations'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.
Luna Innovations Annual Data | |||||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
LT-Debt-to-Total-Asset | Get a 7-Day Free Trial | - | 0.02 | 0.16 | 0.12 | 0.16 |
Luna Innovations Quarterly Data | ||||||||||||||||||||
Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | |
LT-Debt-to-Total-Asset | Get a 7-Day Free Trial | 0.15 | 0.16 | 0.16 | 0.19 | 0.21 |
Luna Innovations's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as
LT Debt to Total Assets (A: Dec. 2022 ) | = | Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 ) | / | Total Assets (A: Dec. 2022 ) |
= | 23.53 | / | 151.007 | |
= | 0.16 |
Luna Innovations's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as
LT Debt to Total Assets (Q: Sep. 2023 ) | = | Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 ) | / | Total Assets (Q: Sep. 2023 ) |
= | 35.065 | / | 165.094 | |
= | 0.21 |
* 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.
Luna Innovations (NAS:LUNA) 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.
Thank you for viewing the detailed overview of Luna Innovations's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
George Gomez-quintero | officer: Chief Financial Officer | LUNA INNOVATIONS INCORPORATED, 301 FIRST STREET SW, SUITE 200, ROANOKE VA 24011 |
Pamela L Coe | director | C/O EXPEDIA, INC., 333 108TH AVENUE NE, BELLEVUE WA 98004 |
Brian Soller | officer: Chief Operating Officer | 301 1ST STREET, SW, SUITE 200, ROANOKE VA 24011 |
Gene Nestro | officer: Chief Financial Officer | C/O LUNA INNOVATIONS, INC., 301 1ST STREET, SW, SUITE 200, ROANOKE VA 24011 |
Clinic Carilion | 10 percent owner | EDWARD MURPHY, M.D., 213 SOUTH JEFFERSON STREET, SUITE 807, ROANOKE VA 24011 |
Mary Beth Vitale | director | 821 17TH STREET, DENVER CO 80202 |
Dale E Messick | officer: Chief Financial Officer | LUNA INNOVATIONS INCORPORATED, 2851 COMMERCE STREET, BLACKSBURG VA 24060 |
Scott A Graeff | officer: CFO, Executive VP Corp. Dev. | LUNA INNOVATIONS INCORPORATED, 2851 COMMERCE STREET, BLACKSBURG VA 24060 |
Barry Phelps | director | 26750 AGOURA RD, CALABASAS CA 91302 |
Michael W. Wise | director | C/O LUNA INNOVATIONS INCORPORATED, 1 RIVERSIDE CIRCLE, SUITE 400, ROANOKE VA 24016 |
Richard Roedel | director | 164 WEST RD, NEW CANAAN CT 06840 |
Donald Pastor | director | 2925 BOARDWALK, ANN ARBOR MI 48104 |
Gary Spiegel | director | |
Coringrato Edward J Jr. | director | 301 1ST STREET, SW, SUITE 200, ROANOKE VA 24011 |
Wilkin Neil D Jr | director |
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