FTC Solar (STU:6YK0) LT-Debt-to-Total-Asset : 0.11 (As of Dec. 2024)

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What is FTC Solar 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. FTC Solar's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.11.

FTC Solar's long-term debt to total assets ratio increased from Dec. 2023 (0.01) to Dec. 2024 (0.11). It may suggest that FTC Solar is progressively becoming more dependent on debt to grow their business.

FTC Solar LT-Debt-to-Total-Asset Historical Data

The historical data trend for FTC Solar'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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FTC Solar LT-Debt-to-Total-Asset Chart

FTC Solar Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.02

0.01

0.11

FTC Solar Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.01	0.01	0.01	0.11

FTC Solar LT-Debt-to-Total-Asset Calculation

FTC Solar's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	9.433	/	85.881
	=	0.11

FTC Solar's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	9.433	/	85.881
	=	0.11

FTC Solar (STU:6YK0) 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.

FTC Solar LT-Debt-to-Total-Asset Related Terms

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FTC Solar Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » FTC Solar Inc (STU:6YK0) » Definitions » LT-Debt-to-Total-Asset

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FTCI:USA 6YK0:Germany

Address

9020 North Capital of Texas Highway, Suite I-260, Austin, TX, USA, 78759

Website

https://www.ftcsolar.com

FTC Solar Inc is a provider of solar tracker systems, supported by proprietary software and value-added engineering services. The company's Solar tracker systems move solar panels throughout the day to maintain an optimal orientation relative to the sun, thereby increasing the amount of solar energy produced at a solar installation. It focuses on providing differentiated products, software, and services that maximize energy generation. The company has launched a new mounting solution to support the installation and use of U.S. manufactured thin-film modules by project owners. The only segment the company is engaged in is the Manufacturing and Servicing of Solar tracker systems.

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