California Nanotechnologies (TSXV:CNO) LT-Debt-to-Total-Asset : 0.50 (As of Nov. 2023)

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What is California Nanotechnologies 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. California Nanotechnologies's long-term debt to total assests ratio for the quarter that ended in Nov. 2023 was 0.50.

California Nanotechnologies's long-term debt to total assets ratio declined from Nov. 2022 (1.56) to Nov. 2023 (0.50). It may suggest that California Nanotechnologies is progressively becoming less dependent on debt to grow their business.

California Nanotechnologies LT-Debt-to-Total-Asset Historical Data

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

California Nanotechnologies Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

LT-Debt-to-Total-Asset

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0.45

0.37

0.27

0.26

0.22

California Nanotechnologies Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															1.56	0.22	0.22	0.17	0.50

California Nanotechnologies LT-Debt-to-Total-Asset Calculation

California Nanotechnologies's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Feb. 2023 is calculated as

LT Debt to Total Assets (A: Feb. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Feb. 2023 )	/	Total Assets (A: Feb. 2023 )
	=	0.307	/	1.395
	=	0.22

California Nanotechnologies's Long-Term Debt to Total Asset Ratio for the quarter that ended in Nov. 2023 is calculated as

LT Debt to Total Assets (Q: Nov. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Nov. 2023 )	/	Total Assets (Q: Nov. 2023 )
	=	1.796	/	3.624
	=	0.50

California Nanotechnologies (TSXV:CNO) 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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California Nanotechnologies (TSXV:CNO) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » California Nanotechnologies Corp (TSXV:CNO) » Definitions » LT-Debt-to-Total-Asset

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CANOF:USA

Address

900, 517 - 10th Avenue S.W., Calgary, AB, CAN, T2R 0A8

Website

https://www.calnanocorp.com

California Nanotechnologies Corp engages in the production, and research and development of nanostructured components and materials. Its products include precision forged components, thermal spray powders, nano light alloy powders, nanoalloy billets, nano superalloy powders, cemented carbides, and tooling. The company products are used in Aerospace, Defense, Automotive, Medical, and Sport and Recreation industries.