VLCN (Volcon) LT-Debt-to-Total-Asset : 0.05 (As of Sep. 2024)

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What is Volcon 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. Volcon's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.05.

Volcon's long-term debt to total assets ratio declined from Sep. 2023 (0.06) to Sep. 2024 (0.05). It may suggest that Volcon is progressively becoming less dependent on debt to grow their business.

Volcon LT-Debt-to-Total-Asset Historical Data

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

Volcon Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.36

0.13

0.05

0.04

Volcon Quarterly Data
	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													0.06	0.04	0.04	0.04	0.05

Volcon LT-Debt-to-Total-Asset Calculation

Volcon'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 )
	=	0.844	/	22.126
	=	0.04

Volcon'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 )
	=	0.478	/	10.007
	=	0.05

Volcon (NAS:VLCN) 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.

Volcon LT-Debt-to-Total-Asset Related Terms

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Volcon Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Volcon Inc (NAS:VLCN) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

3121 Eagles Nest Street, Suite 120, Round Rock, TX, USA, 78665

Website

https://www.volcon.com

Volcon Inc is an all-electric, off-road powersports vehicle company developing and building electric two and four-wheel motorcycles and utility terrain vehicles, also known as side-by-sides, along with a complete line of upgrades and accessories. The company's products include motorcycle and UTV products that are all-electric and designed for off-road use. The company has hundred and three dealers covering twenty eight states.

Executives

Melissa Coffey	officer: VP - Sales & Marketing	1702 PERSIMMON ROAD, CEDAR PARK TX 78613
Stephanie Michelle Davis	officer: Chief Operating Officer	504 OCONEE CIRCLE, EVANS GA 30809
Christian Okonsky	director, 10 percent owner, officer: Chief Technology Officer	C/O VOLCON, INC., 2590 OAKMONT DRIVE, SUITE 520, ROUND ROCK TX 78665
Adrian James	director, 10 percent owner	3736 BEE CAVES RD, SUITE 1-105, AUSTIN TX 78746
Jonathan P. Foster	director	2450 SOUTH SHORE BLVD., SUITE 402, LEAGUE CITY TX 77573
Greg Endo	officer: Chief Financial Officer	C/O VOLCON, INC., 2590 OAKMONT DRIVE, SUITE 520, ROUND ROCK TX 78665
Karin-joyce Tjon	director	C/O VOLCON, INC., 2590 OAKMONT DRIVE, SUITE 520, ROUND ROCK TX 78665
Jordan Don Davis	officer: Chief Executive Officer	C/O VOLCON, INC., 2590 OAKMONT DRIVE, SUITE 520, ROUND ROCK TX 78665
Kyoung John Kim	director	C/O VOLCON, INC., 2590 OAKMONT DRIVE, SUITE 520, ROUND ROCK TX 78665