Odyssey Semiconductor Technologies (Odyssey Semiconductor Technologies) LT-Debt-to-Total-Asset : 3.85 (As of Dec. 2023)

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What is Odyssey Semiconductor 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. Odyssey Semiconductor Technologies's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 3.85.

Odyssey Semiconductor Technologies's long-term debt to total assets ratio increased from Dec. 2022 (1.26) to Dec. 2023 (3.85). It may suggest that Odyssey Semiconductor Technologies is progressively becoming more dependent on debt to grow their business.

Odyssey Semiconductor Technologies LT-Debt-to-Total-Asset Historical Data

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

Odyssey Semiconductor Technologies Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.38

0.09

1.26

3.85

Odyssey Semiconductor Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															1.26	1.62	2.36	3.05	3.85

Odyssey Semiconductor Technologies LT-Debt-to-Total-Asset Calculation

Odyssey Semiconductor 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 )
	=	5.483	/	1.426
	=	3.85

Odyssey Semiconductor Technologies's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	5.483	/	1.426
	=	3.85

Odyssey Semiconductor Technologies (OTCPK:ODII) 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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Odyssey Semiconductor Technologies (Odyssey Semiconductor Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Odyssey Semiconductor Technologies Inc (OTCPK:ODII) » Definitions » LT-Debt-to-Total-Asset

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Address

9 Brown Road, Ithaca, NY, USA, 14850

Website

https://www.odysseysemi.com

Odyssey Semiconductor Technologies Inc is a semiconductor device company developing revolutionary high-voltage power switching components and systems based on proprietary Gallium Nitride (GaN) processing technology. The company's GaN processing technology allows for the realization of vertical current conduction GaN devices which extends application voltages from 1,000 V to over 10,000V, allowing GaN power switching devices to extend well beyond the consumer electronics application space and into more demanding applications such as electric vehicles, industrial motor control, and energy grid applications.