Everspin Technologies (STU:E5N) LT-Debt-to-Total-Asset : 0.05 (As of Sep. 2024)

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What is Everspin 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. Everspin Technologies's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.05.

Everspin Technologies's long-term debt to total assets ratio declined from Sep. 2023 (0.07) to Sep. 2024 (0.05). It may suggest that Everspin Technologies is progressively becoming less dependent on debt to grow their business.

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

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

Everspin Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.25

0.14

0.04

0.10

0.07

Everspin Technologies Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.07	0.07	0.07	0.06	0.05

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

Everspin 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 )
	=	4.026	/	61.717
	=	0.07

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

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	3.305	/	65.414
	=	0.05

Everspin Technologies (STU:E5N) 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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Everspin Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Everspin Technologies Inc (STU:E5N) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

MRAM:USA 0IJ3:UK E5N:Germany

Address

5670 W. Chandler Boulevard, Suite 130, Chandler, AZ, USA, 85226

Website

https://www.everspin.com

Everspin Technologies Inc is a provider of Magnetoresistive Random Access Memory (MRAM) products. Its portfolio of MRAM technologies, including Toggle MRAM and Spin-transfer Torque MRAM (STT-MRAM), delivers superior performance, persistence, and reliability in non-volatile memories that transform how mission-critical data is protected against power loss. The company derives revenue from the sale of MRAM-based products in discrete unit form, licenses of and royalties on MRAM and magnetic sensor technology, the sale of backend foundry services, and design services to third parties. It recognizes revenue in three primary geographic regions; North America; Europe, the Middle East, and Africa (EMEA); and Asia-Pacific (APAC).

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