Genomtec (WAR:GMT) LT-Debt-to-Total-Asset : 0.06 (As of Mar. 2024)

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What is Genomtec 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. Genomtec's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.06.

Genomtec's long-term debt to total assets ratio declined from Mar. 2023 (0.12) to Mar. 2024 (0.06). It may suggest that Genomtec is progressively becoming less dependent on debt to grow their business.

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

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

Genomtec Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.14

0.06

0.20

0.12

0.07

Genomtec Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial												0.12	0.06	0.07	0.07	0.06

Genomtec LT-Debt-to-Total-Asset Calculation

Genomtec'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 )
	=	1.11	/	15.972
	=	0.07

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

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	1.011	/	17.208
	=	0.06

Genomtec (WAR:GMT) 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.

Genomtec LT-Debt-to-Total-Asset Related Terms

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Genomtec (WAR:GMT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Genomtec SA (WAR:GMT) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

4VI:Germany

Address

ul. Stab?owicka 147, PORT Building 2, Wroclaw, POL, 54-066

Website

http://www.genomtec.com

Genomtec SA is an innovative technology company which works in the area of ?? molecular diagnostics. It is a manufacturer of mobile molecular analyzers. The device are designed to identify pathogens including viruses, bacteria, and fungi by amplifying and detecting specific DNA and RNA fragments.

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