PyroGenesis Canada (TSX:PYR) LT-Debt-to-Total-Asset : 0.13 (As of Sep. 2023)

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What is PyroGenesis Canada 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. PyroGenesis Canada's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.13.

PyroGenesis Canada's long-term debt to total assets ratio increased from Sep. 2022 (0.06) to Sep. 2023 (0.13). It may suggest that PyroGenesis Canada is progressively becoming more dependent on debt to grow their business.

PyroGenesis Canada LT-Debt-to-Total-Asset Historical Data

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

PyroGenesis Canada Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.32

0.40

0.04

0.07

PyroGenesis Canada Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.06	0.07	0.07	0.08	0.13

PyroGenesis Canada LT-Debt-to-Total-Asset Calculation

PyroGenesis Canada's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	3.182	/	47.667
	=	0.07

PyroGenesis Canada's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	4.633	/	36.843
	=	0.13

PyroGenesis Canada (TSX:PYR) 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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PyroGenesis Canada (TSX:PYR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » PyroGenesis Canada Inc (TSX:PYR) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

PYRGF:USA 8PY:Germany

Address

1744 William Street, Suite 200, Montreal, QC, CAN, H3J 1R4

Website

https://www.pyrogenesis.com

PyroGenesis Canada Inc is engaged in the design, development, manufacture, and commercialization of advanced plasma processes and systems. The company provides technical & manufacturing expertise, cutting-edge contract research, and turnkey process equipment packages to the defense, metallurgical, mining, additive manufacturing (including 3D printing), oil & gas, and environmental industries. Its Product categories include Aluminum & Zinc Dross Recovery, Plasma Atomized Metal Powders, Waste Management, Innovation / Custom Process Development, and Plasma Torches. Its geographical segments are Brazil, Canada, United States, Mexico, Israel, Saudi Arabia, India, Africa, England, Germany, Netherlands, Poland, Spain and Vietnam. Majority of revenue is generated from Canada.

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