SYNX (Silynxcom) LT-Debt-to-Total-Asset : 0.00 (As of Jun. 2024)

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What is Silynxcom 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. Silynxcom's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.00.

Silynxcom's long-term debt to total assets ratio declined from Jun. 2023 (0.03) to Jun. 2024 (0.00). It may suggest that Silynxcom is progressively becoming less dependent on debt to grow their business.

Silynxcom LT-Debt-to-Total-Asset Historical Data

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

Silynxcom Annual Data

Trend

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.04

0.03

0.01

Silynxcom Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			-	0.03	0.03	0.01	-

Silynxcom LT-Debt-to-Total-Asset Calculation

Silynxcom'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 )
	=	0.059	/	6.166
	=	0.01

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

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	0.013	/	8.926
	=	0.00

Silynxcom (AMEX:SYNX) 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.

Silynxcom LT-Debt-to-Total-Asset Related Terms

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Silynxcom Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Silynxcom Ltd (AMEX:SYNX) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

19 Yad Ha’Harutzim Street, Netanya, ISR, 4250519

Website

https://www.silynxcom.com

Silynxcom Ltd is engaged in developing, manufacturing, marketing and selling ruggedized Personal Headset Devices as well as other communications accessories, all of which have been battlefield-tested and combat-proven. It specializes in developing the In-Ear Headset device, a subsegment of the Personal Headset Device market. The In-Ear Headset device is used in both in training and operations by the military, law enforcement, and disaster recovery industry professionals. It also develops, market and sell push-to-talk devices, communication controllers, and communication device cables and connectors.

Silynxcom Headlines

From GuruFocus

AWM Investment Company, Inc. Expands Stake in Silynxcom Ltd

By GuruFocus News • 11-15-2024