Loop Industries (Loop Industries) LT-Debt-to-Total-Asset : 0.16 (As of Feb. 2024)

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What is Loop Industries 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. Loop Industries's long-term debt to total assests ratio for the quarter that ended in Feb. 2024 was 0.16.

Loop Industries's long-term debt to total assets ratio increased from Feb. 2023 (0.08) to Feb. 2024 (0.16). It may suggest that Loop Industries is progressively becoming more dependent on debt to grow their business.

Loop Industries LT-Debt-to-Total-Asset Historical Data

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

Loop Industries Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

LT-Debt-to-Total-Asset

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0.05

0.04

0.06

0.08

0.16

Loop Industries Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.08	0.09	0.10	0.11	0.16

Loop Industries LT-Debt-to-Total-Asset Calculation

Loop Industries's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Feb. 2024 is calculated as

LT Debt to Total Assets (A: Feb. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Feb. 2024 )	/	Total Assets (A: Feb. 2024 )
	=	3.22	/	20.553
	=	0.16

Loop Industries's Long-Term Debt to Total Asset Ratio for the quarter that ended in Feb. 2024 is calculated as

LT Debt to Total Assets (Q: Feb. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Feb. 2024 )	/	Total Assets (Q: Feb. 2024 )
	=	3.22	/	20.553
	=	0.16

Loop Industries (NAS:LOOP) 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.

Loop Industries LT-Debt-to-Total-Asset Related Terms

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Loop Industries (Loop Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Loop Industries Inc (NAS:LOOP) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

3L9:Germany

Address

480 Fernand-Poitras, Terrebonne, QC, CAN, J6Y 1Y4

Website

http://www.loopindustries.com

Loop Industries Inc is a technology and licensing company whose mission is to accelerate the world's shift toward sustainable plastic and away from dependence on fossil fuels. The company owns patented and proprietary technology that depolymerizes no and low value waste PET plastic and polyester fiber, including plastic bottles and packaging, carpet and polyester textile of any color, transparency or condition and even ocean plastics that have been degraded by the sun and salt, to its base building blocks (monomers). Its monomers are filtered, purified and repolymerized to create virgin-quality Loop branded PET plastic resin and polyester fiber suitable for use in food-grade packaging to be sold to consumer goods companies to help them meet their sustainability objectives.

Executives

Fady Mansour	officer: Chief Financial Officer	480 FERNAND POITRAS, TERREBONNE A8 J6Y 1Y4
Nicolas Lafond	officer: Interim CFO	480 FERNAND-POITRAS, TERREBONNE A8 J6Y 1Y4
Yves Perron	officer: VP, Engineering & Construction	480 FERNAND-POITRAS, TERREBONNE A8 J6Y 1Y4
Stephen Champagne	officer: Chief Technology Officer	480, RUE FERNAND-POITRAS, TERREBONNE A8 J6Y 1Y4
Jonghyuk Lee	director	C/O SK GLOBAL CHEMICAL CO., LTD., 26, JONG-RO, JONGNO-GU, SEOUL M5 03188
Louise S Sams	director	C/O COSTAR GROUP, INC., 1331 L STREET NW, WASHINGTON DC 20005
Thomas Andrew Hickey	officer: CFO	480, RUE FERNAND-POITRAS, TERREBONNE A8 J6Y 1Y4
Daniel Solomita	director, 10 percent owner, officer: President, Secretary & Treas.	1999 AVENUE OF THE STARS, SUITE 2520, LOS ANGELES CA 90067
Nelson Gentiletti	officer: COO and CFO	480 FERNAND-POITRAS, TERREBONE A8 J6Y 1Y4
Jay Howard Stubina	director	480 FERNAND POITRAS, TERREBONE A8 J6Y 1Y4
Laurence G. Sellyn	director	480 FERNAND POITRAS, TERREBONNE A8 J6Y 1Y4
Sheila Morin	officer: CMO	480, RUE FERNAND-POITRAS, TERREBONNE A8 J6Y 1Y4
Northern Private Capital Fund I Non-resident Limited Partnership	10 percent owner	135 YORKVILLE AVENUE, 9TH FLOOR, TORONTO Z4 A6 M5R 0C7
Northern Private Capital Fund I Limited Partnership	10 percent owner	135 YORKVILLE AVENUE, 9TH FLOOR, TORONTO A6 M5R 0C7
Peter Kezios	director	480, RUE FERNAND-POITRAS, TERREBONNE A8 J6Y 1Y4