Storage Drop Storage Technologies (XTAE:STRG) LT-Debt-to-Total-Asset : 0.00 (As of Jun. 2024)

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What is Storage Drop Storage 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. Storage Drop Storage Technologies's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.00.

Storage Drop Storage Technologies's long-term debt to total assets ratio declined from Jun. 2023 (0.26) to Jun. 2024 (0.00). It may suggest that Storage Drop Storage Technologies is progressively becoming less dependent on debt to grow their business.

Storage Drop Storage Technologies LT-Debt-to-Total-Asset Historical Data

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

Storage Drop Storage Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.01

0.35

Storage Drop Storage Technologies Semi-Annual Data
	Dec13	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.35	0.26	-	-

Storage Drop Storage Technologies LT-Debt-to-Total-Asset Calculation

Storage Drop Storage 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 )
	=	0	/	0.588
	=

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

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	0	/	0.396
	=

Storage Drop Storage Technologies (XTAE:STRG) 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.

Storage Drop Storage Technologies LT-Debt-to-Total-Asset Related Terms

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Storage Drop Storage Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Storage Drop Storage Technologies Ltd (XTAE:STRG) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

Eli Horovitz 19, Rehovot, ISR, 7608802

Website

https://www.storagedrop.co.il

Storage Drop Storage Technologies Ltd operates in the field of Energy Storage. The company develops several products with a potential for significant ecological advantage in the energy industry. The group's systems are based on hydraulic piston technology and are highly efficient, with extended life expectancy and low maintenance costs. The company's project portfolio includes HyDrop Technology, CoolDrop Technology.

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