PureCycle Technologies (MEX:PCT) LT-Debt-to-Total-Asset : 0.42 (As of Mar. 2024)

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What is PureCycle 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. PureCycle Technologies's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.42.

PureCycle Technologies's long-term debt to total assets ratio increased from Mar. 2023 (0.29) to Mar. 2024 (0.42). It may suggest that PureCycle Technologies is progressively becoming more dependent on debt to grow their business.

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

The historical data trend for PureCycle 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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PureCycle Technologies LT-Debt-to-Total-Asset Chart

PureCycle Technologies Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.39

0.64

0.35

0.29

0.51

PureCycle Technologies Quarterly Data
	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.29	0.35	0.50	0.51	0.42

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

PureCycle 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 )
	=	9075.401	/	17642.575
	=

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

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	5155.776	/	12181.9
	=

PureCycle Technologies (MEX:PCT) 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.

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PureCycle Technologies (MEX:PCT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » PureCycle Technologies Inc (MEX:PCT) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

PCTTU:USA PCT:USA

Address

5950 Hazeltine National Drive, Suite 300, Orlando, FL, USA, 32822

Website

https://www.purecycle.com

PureCycle Technologies Inc holds a global license to commercialize the only patented solvent-based purification recycling technology, developed by The Procter & Gamble Company (P&G), for restoring waste polypropylene (PP) into a virgin-like resin. The proprietary process removes color, odor and other contaminants from recycled feedstock resulting in virgin-like polypropylene suitable for any PP market.