Micromem Technologies (XCNQ:MRM) LT-Debt-to-Total-Asset : 0.15 (As of Jul. 2024)

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What is Micromem 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. Micromem Technologies's long-term debt to total assests ratio for the quarter that ended in Jul. 2024 was 0.15.

Micromem Technologies's long-term debt to total assets ratio declined from Jul. 2023 (0.26) to Jul. 2024 (0.15). It may suggest that Micromem Technologies is progressively becoming less dependent on debt to grow their business.

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

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

Micromem Technologies Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

LT-Debt-to-Total-Asset

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0.17

0.21

0.73

0.33

Micromem Technologies Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.26	0.33	0.24	0.23	0.15

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

Micromem Technologies's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Oct. 2023 is calculated as

LT Debt to Total Assets (A: Oct. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Oct. 2023 )	/	Total Assets (A: Oct. 2023 )
	=	0.075	/	0.23
	=

Micromem Technologies's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jul. 2024 is calculated as

LT Debt to Total Assets (Q: Jul. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jul. 2024 )	/	Total Assets (Q: Jul. 2024 )
	=	0.038	/	0.256
	=

Micromem Technologies (XCNQ:MRM) 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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Micromem Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Micromem Technologies Inc (XCNQ:MRM) » Definitions » LT-Debt-to-Total-Asset

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MMTIF:USA

Address

121 Richmond Street West, Suite 602, Toronto, ON, CAN, M5H 2K1

Website

https://www.micromeminc.com

Micromem Technologies Inc develops, based upon proprietary technology, customized sensor applications for companies. The technology has a combination of superior sensitivity, robust structure, cost-effectiveness, and small size enabling a wide variety of applications within multiple industry sectors. Some of the sensors applications are Oil Sensor Solutions, Structural Integrity Sensors, Nanoparticle Detection Solutions and Energy Storage Solutions.

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