UFP Technologies (UFP Technologies) LT-Debt-to-Total-Asset : 0.10 (As of Dec. 2023)

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What is UFP Technologies 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. UFP Technologies's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.10.

UFP Technologies's long-term debt to total assets ratio declined from Dec. 2022 (0.16) to Dec. 2023 (0.10). It may suggest that UFP Technologies is progressively becoming less dependent on debt to grow their business.

UFP Technologies LT-Debt-to-Total-Asset Historical Data

The historical data trend for UFP Technologies'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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UFP Technologies LT-Debt-to-Total-Asset Chart

UFP Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.23

0.16

0.10

UFP Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.16	0.17	0.16	0.13	0.10

UFP Technologies LT-Debt-to-Total-Asset Calculation

UFP Technologies'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 )
	=	38.815	/	404.136
	=	0.10

UFP Technologies's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	38.815	/	404.136
	=	0.10

UFP Technologies (NAS:UFPT) 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.

UFP Technologies LT-Debt-to-Total-Asset Related Terms

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UFP Technologies (UFP Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » UFP Technologies Inc (NAS:UFPT) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

UFP:Germany

Address

100 Hale Street, Newburyport, MA, USA, 01950-3504

Website

https://www.ufpt.com

UFP Technologies Inc is a designer and custom manufacturer of components, subassemblies, products and packaging utilizing highly specialized foams, films, and plastics primarily for the medical market. The company manufactures its products by converting raw materials using laminating, molding, radio frequency and impulse welding and fabricating manufacturing techniques. It is an important link in the medical device supply chain and a valued outsource partner to many of the top medical device manufacturers in the world. The company's single-use and single-patient devices and components are used in a wide range of medical devices, disposable wound care products, infection prevention, minimally invasive surgery, wearables, orthopedic soft goods, and orthopedic implant packaging.

Executives

R Jeffrey Bailly	director, 10 percent owner, officer: President and CEO	100 HALE STREET, NEWBURYPORT MA 01950
Mitchell Rock	officer: Vice President	C/O UFP TECHNOLOGIES, INC., 172 EAST MAIN STREET, GEORGETOWN MA 01833
Jason Holt	officer: Vice President	100 HALE STREET, NEWBURYPORT MA 01950
Symeria Hudson	director	100 HALE STREET, NEWBURYPORT MA 01950
Joseph Hassett	director	ONE TECHNOLOGY WAY, NORWOOD MA 02062
Daniel C Croteau	director	C/O LYNCH, BREWER, HOFFMAN & FINK, LLP, 75 FEDERAL STREET, 7TH FLOOR, BOSTON MA 02110
Cynthia L Feldmann	director	17 WINTHROP ROAD, WAYLAND MA 01778
Christopher P. Litterio	officer: Senior Vice President	C/O UFP TECHNOLOGIES, INC., 100 HALE STREET, NEWBURYPORT MA 02143
Ronald J Lataille	officer: Chief Financial Officer
Thomas Oberdorf	director	C/O GETTY IMAGES, INC., 601 N 34TH ST, SEATTLE WA 98103
Marc D Kozin	director
Steve Cardin	officer: Vice President	100 HALE STREET, NEWBURYPORT MA 01950
Daniel J Shaw	officer: Vice President
W David Smith	officer: Vice President	172 EAST MAIN STREET, GEORGETOWN MA 01833
Pierce Robert W Jr	director	C/O UFP TECHNOLOGIES, INC., 172 EAST MAIN STREET, GEORGETOWN MA 01833