Montana Technologies (Montana Technologies) LT-Debt-to-Total-Asset : 0.00 (As of Mar. 2024)

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

Montana Technologies's long-term debt to total assets ratio declined from Dec. 2022 (0.01) to Mar. 2024 (0.00). It may suggest that Montana Technologies is progressively becoming less dependent on debt to grow their business.

Montana Technologies LT-Debt-to-Total-Asset Historical Data

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

Montana Technologies Annual Data

Trend

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.01

0.05

Montana Technologies Quarterly Data
	Dec21	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.01	-	0.02	0.05	-

Montana Technologies LT-Debt-to-Total-Asset Calculation

Montana 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 )
	=	0.027	/	0.556
	=

Montana Technologies'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 )
	=	0.148	/	650.623
	=

Montana Technologies (NAS:AIRJ) 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.

Montana Technologies LT-Debt-to-Total-Asset Related Terms

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Montana Technologies (Montana Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Montana Technologies Corp (NAS:AIRJ) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

34361 Innovation Drive, Ronan, MT, USA, 59864

Website

https://www.mt.energy

Montana Technologies Corp is engaged in transformational technology that provides significant energy efficiency gains in air conditioning and comfort cooling applications, as well as a potential source of potable water, all through its proprietary "AirJoule" unit.

Montana Technologies (Montana Technologies) Headlines

From GuruFocus

Montana Technologies Corp. Announces Addition to Board of Directors and Names Chairman

By PRNewswire • 05-01-2024