Clear Blue Technologies International (TSXV:CBLU) LT-Debt-to-Total-Asset : 0.81 (As of Sep. 2023)

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What is Clear Blue Technologies International 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. Clear Blue Technologies International's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.81.

Clear Blue Technologies International's long-term debt to total assets ratio increased from Sep. 2022 (0.71) to Sep. 2023 (0.81). It may suggest that Clear Blue Technologies International is progressively becoming more dependent on debt to grow their business.

Clear Blue Technologies International LT-Debt-to-Total-Asset Historical Data

The historical data trend for Clear Blue Technologies International'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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Clear Blue Technologies International LT-Debt-to-Total-Asset Chart

Clear Blue Technologies International Annual Data

Trend

Dec16

Apr17

Apr18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.22

0.36

0.56

0.78

Clear Blue Technologies International 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															0.71	0.78	0.70	-	0.81

Clear Blue Technologies International LT-Debt-to-Total-Asset Calculation

Clear Blue Technologies International'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 )
	=	8.514	/	10.87
	=	0.78

Clear Blue Technologies International'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 )
	=	9.212	/	11.446
	=	0.80

Clear Blue Technologies International (TSXV:CBLU) 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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Clear Blue Technologies International (TSXV:CBLU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Clear Blue Technologies International Inc (TSXV:CBLU) » Definitions » LT-Debt-to-Total-Asset

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CBUTF:USA 0YA:Germany

Address

30 Lesmill Road, Unit 7, Toronto, ON, CAN, M3B 2T6

Website

https://www.clearbluetechnologies.com

Clear Blue Technologies International Inc is engaged in the business of developing and selling Smart Off-Grid power solutions and management services to the power, control, monitor, manage, and proactively service solar and hybrid-powered systems such as street lights, security systems, telecommunications systems, emergency power, and Internet of Things (IoT) devices. The Company operates in three geographical areas: Canada, the United States of America, and the Middle East, and Africa.

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