ABC Technologies Holdings (TSX:ABCT) LT-Debt-to-Total-Asset : 0.49 (As of Jun. 2023)

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What is ABC Technologies Holdings 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. ABC Technologies Holdings's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.49.

ABC Technologies Holdings's long-term debt to total assets ratio increased from Jun. 2022 (0.45) to Jun. 2023 (0.49). It may suggest that ABC Technologies Holdings is progressively becoming more dependent on debt to grow their business.

ABC Technologies Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for ABC Technologies Holdings'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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ABC Technologies Holdings LT-Debt-to-Total-Asset Chart

ABC Technologies Holdings Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.41

0.18

0.51

0.45

0.49

ABC Technologies Holdings Quarterly Data
	Jun18	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial												0.45	0.43	0.44	0.46	0.49

ABC Technologies Holdings LT-Debt-to-Total-Asset Calculation

ABC Technologies Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	1037.666	/	2131.834
	=	0.49

ABC Technologies Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (Q: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )	/	Total Assets (Q: Jun. 2023 )
	=	1037.666	/	2131.834
	=	0.49

ABC Technologies Holdings (TSX:ABCT) 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.

ABC Technologies Holdings LT-Debt-to-Total-Asset Related Terms

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ABC Technologies Holdings (TSX:ABCT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » ABC Technologies Holdings Inc (TSX:ABCT) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Norelco Drive, Toronto, ON, CAN, M9L 2X6

Website

https://www.abctechnologies.com

ABC Technologies Holdings Inc is a manufacturer and supplier of custom, highly engineered, technical plastics and light weighting innovations to the North American light vehicle industry. Its geographical segment includes Canada, United States, Mexico, and Rest of World. The company derives a majority of its revenue from the United States segment.

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