MMATQ (Meta Materials) LT-Debt-to-Total-Asset: 0.19 (As of Mar. 2024)


MMATQ Meta Materials Inc MMATQ
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What is Meta Materials LT-Debt-to-Total-Asset?

Meta Materials MMATQ -99.00% 12 LT-Debt-to-Total-Asset is 0.19 as of Mar. 2024. GuruFocus rates MMATQ with a GF Score™ of 12/100.

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. Meta Materials's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.19.

Meta Materials's long-term debt to total assets ratio increased from Mar. 2023 (0.02) to Mar. 2024 (0.19). It may suggest that Meta Materials is progressively becoming more dependent on debt to grow their business.

Meta Materials  (OTCPK:MMATQ) 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.

Meta Materials LT-Debt-to-Total-Asset Related Terms

Meta Materials LT-Debt-to-Total-Asset Historical Data

* Premium members only.

The historical data trend for Meta 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.

Meta Materials LT-Debt-to-Total-Asset Chart

Meta Materials Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
0.00 0.46 0.02 0.02 0.16

Meta Materials Quarterly Data
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.02 0.07 0.07 0.16 0.19
MMATQ
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Meta Materials Inc MMATQ
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Meta Materials LT-Debt-to-Total-Asset Calculation

Meta Materials'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 )
=8.897/55.228
=0.16

Meta Materials'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 )
=8.631/46.361
=0.19

* 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.

Frequently Asked Questions Learn more about LT-Debt-to-Total-Asset →
What does a LT-Debt-to-Total-Asset of 0.19 mean?
Meta Materials (MMATQ) has a LT-Debt-to-Total-Asset of 0.19 as of Mar. 2024. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Meta Materials and its competitors.
Is Meta Materials' LT-Debt-to-Total-Asset too high?
Meta Materials' current LT-Debt-to-Total-Asset is 0.19. Overall, Meta Materials has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Meta Materials' LT-Debt-to-Total-Asset compare to APH and TEL?
Meta Materials' LT-Debt-to-Total-Asset of 0.19 can be compared against companies in the Hardware industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good LT-Debt-to-Total-Asset for a Hardware company?
A good LT-Debt-to-Total-Asset depends on the Hardware industry context. However, LT-Debt-to-Total-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high LT-Debt-to-Total-Asset mean?
A high LT-Debt-to-Total-Asset can signal that a stock is expensive relative to its fundamentals. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Meta Materials and its competitors. Meta Materials's current LT-Debt-to-Total-Asset is 0.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Meta Materials stock overvalued right now?
Meta Materials (MMATQ) has a current LT-Debt-to-Total-Asset of 0.19. The current LT-Debt-to-Total-Asset is 0.19. Meta Materials' overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is LT-Debt-to-Total-Asset calculated?
LT-Debt-to-Total-Asset is calculated from a company's financial statements. For Meta Materials (MMATQ), the current LT-Debt-to-Total-Asset is 0.19 as of Mar. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Meta Materials Business Description

Address 60 Highfield Park Drive, Dartmouth, NS, CAN, B3A 4R9
Meta Materials Inc delivers previously unachievable performance across a range of applications by inventing, designing, developing, and manufacturing sustainable, functional materials. Its extensive technology platform enables brands to deliver breakthrough products to their customers in consumer electronics, 5G communications, health and wellness, aerospace, automotive, and clean energy. Its products include NANOWEB, which is a transparent conductive film; holoOPTIX; ARfusion; metaAIR; and glucoWISE.
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