Anaergia (Anaergia) LT-Debt-to-Total-Asset : 0.21 (As of Sep. 2023)

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What is Anaergia 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. Anaergia's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.21.

Anaergia's long-term debt to total assets ratio declined from Sep. 2022 (0.39) to Sep. 2023 (0.21). It may suggest that Anaergia is progressively becoming less dependent on debt to grow their business.

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

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

Anaergia Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

0.52

0.35

0.30

0.38

Anaergia Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial												0.39	0.38	0.40	0.37	0.21

Anaergia LT-Debt-to-Total-Asset Calculation

Anaergia's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	264.425	/	688.336
	=	0.38

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

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	50.664	/	240.097
	=	0.21

Anaergia (OTCPK:ANRGF) 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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Anaergia (Anaergia) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Anaergia Inc (OTCPK:ANRGF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

ANRG:Canada

Address

4210 South Service Road, Burlington, ON, CAN, L7L 4X5

Website

https://www.anaergia.com

Anaergia Inc is engaged in the generation of renewable energy from biogas through advanced anaerobic digestion of organic residues from municipal, agricultural, and industrial sources. Its operating segments are Capital Sales; Services; Build, Own, and Operate Projects. It derives key revenue from the Capital Sales segment which consists of the sales of proprietary technology solutions and services to third-party customers, predominantly municipalities, private entities, and project developers. The group derives revenue from the U.S., Canada, Italy and other countries.