Omni-Lite Industries Canada (TSXV:OML) LT-Debt-to-Total-Asset : 0.18 (As of Sep. 2024)

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What is Omni-Lite Industries 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. Omni-Lite Industries Canada's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.18.

Omni-Lite Industries Canada's long-term debt to total assets ratio declined from Sep. 2023 (0.28) to Sep. 2024 (0.18). It may suggest that Omni-Lite Industries Canada is progressively becoming less dependent on debt to grow their business.

Omni-Lite Industries Canada LT-Debt-to-Total-Asset Historical Data

The historical data trend for Omni-Lite Industries 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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Omni-Lite Industries Canada LT-Debt-to-Total-Asset Chart

Omni-Lite Industries Canada Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.06

0.27

0.30

0.27

Omni-Lite Industries Canada Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.28	0.27	0.24	0.24	0.18

Omni-Lite Industries Canada LT-Debt-to-Total-Asset Calculation

Omni-Lite Industries Canada's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	7.592	/	28.455
	=	0.27

Omni-Lite Industries Canada's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	6.908	/	38.484
	=	0.18

Omni-Lite Industries Canada (TSXV:OML) 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.

Omni-Lite Industries Canada LT-Debt-to-Total-Asset Related Terms

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Omni-Lite Industries Canada Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Omni-Lite Industries Canada Inc (TSXV:OML) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

OLNCF:USA

Address

17210 Edwards Road, Cerritos, CA, USA, 90703

Website

https://www.omni-lite.com

Omni-Lite Industries Canada Inc is a developer and manufacturer of precision components, with the use of advanced composite materials and cold forging techniques, for mission-critical applications. The company's products have applications in various sectors including aerospace, military, specialty automotive, and sports and recreational industries. Its geographical areas of operations are in the United States and Canada of which key revenue is generated from the United States.

Executives

Roger Dent	Director
Michael Kenneth Walker	Senior Officer
Boeckh Investments Inc.	10% Security Holder

Omni-Lite Industries Canada Headlines

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