Firan Technology Group (TSX:FTG) LT-Debt-to-Total-Asset : 0.22 (As of Nov. 2024)

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What is Firan Technology Group 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. Firan Technology Group's long-term debt to total assests ratio for the quarter that ended in Nov. 2024 was 0.22.

Firan Technology Group's long-term debt to total assets ratio declined from Nov. 2023 (0.24) to Nov. 2024 (0.22). It may suggest that Firan Technology Group is progressively becoming less dependent on debt to grow their business.

Firan Technology Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Firan Technology Group'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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Firan Technology Group LT-Debt-to-Total-Asset Chart

Firan Technology Group Annual Data

Trend

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Nov24

LT-Debt-to-Total-Asset

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0.16

0.13

0.14

0.24

0.22

Firan Technology Group Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.24	0.25	0.24	0.23	0.22

Firan Technology Group LT-Debt-to-Total-Asset Calculation

Firan Technology Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Nov. 2024 is calculated as

LT Debt to Total Assets (A: Nov. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Nov. 2024 )	/	Total Assets (A: Nov. 2024 )
	=	29.819	/	134.978
	=	0.22

Firan Technology Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Nov. 2024 is calculated as

LT Debt to Total Assets (Q: Nov. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Nov. 2024 )	/	Total Assets (Q: Nov. 2024 )
	=	29.819	/	134.978
	=	0.22

Firan Technology Group (TSX:FTG) 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.

Firan Technology Group LT-Debt-to-Total-Asset Related Terms

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Firan Technology Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Firan Technology Group Corp (TSX:FTG) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

FTGFF:USA 22F:Germany

Address

250 Finchdene Square, Toronto, ON, CAN, M1X 1A5

Website

https://www.ftgcorp.com

Firan Technology Group Corp is a supplier of aerospace and defense electronic products and subsystems. It has two operating segments namely FTG Circuits and FTG Aerospace. FTG Circuits manufactures printed circuit boards within the marketplace globally. FTG Aerospace designs and manufactures illuminated cockpit panels, keyboards, bezels, sub-assemblies, and assemblies for original equipment manufacturers of avionics products and for airframe manufacturers. The company operates in Canada, the United States, Asia, and Europe. The majority of revenue is derived from the FTG Circuits segment.

Executives

Mike Andrade	Director
James Crichton	Senior Officer
Amy Rice	Director
Bradley Collier Bourne	Senior Officer
Firan Technology Group Corporation	Issuer
Austin Cecil Beutel	10% Security Holder
Hiteshkumar Talati	Senior Officer
Peter Dimopoulos	Senior Officer
Melinda Diebel	Senior Officer

Firan Technology Group Headlines

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