AmpliTech Group (AmpliTech Group) LT-Debt-to-Total-Asset : 0.12 (As of Mar. 2024)

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What is AmpliTech Group 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. AmpliTech Group's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.12.

AmpliTech Group's long-term debt to total assets ratio increased from Mar. 2023 (0.11) to Mar. 2024 (0.12). It may suggest that AmpliTech Group is progressively becoming more dependent on debt to grow their business.

AmpliTech Group LT-Debt-to-Total-Asset Historical Data

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

AmpliTech Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.52

0.61

0.03

0.11

0.10

AmpliTech Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	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															0.11	0.10	0.10	0.10	0.12

AmpliTech Group LT-Debt-to-Total-Asset Calculation

AmpliTech Group'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 )
	=	3.205	/	31.408
	=	0.10

AmpliTech Group'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 )
	=	3.115	/	26.869
	=	0.12

AmpliTech Group (NAS:AMPG) 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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AmpliTech Group (AmpliTech Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » AmpliTech Group Inc (NAS:AMPG) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

155 Plant Avenue, Hauppauge, NY, USA, 11788

Website

https://www.amplitechinc.com

AmpliTech Group Inc designs, develop, engineers, & assembles micro-wave component-based amplifiers that meet individual customer specifications. Its products consist of RF amplifiers & related subsystems, operating at multiple frequencies from 50kHz to 44GHz, including Low Noise Amplifiers, Medium Power Amplifiers, oscillators, filters, & custom assemblies such as MMIC (Monolithic Microwave Integrated Circuit) and MIC (Microwave Integrated Circuit) designs. It also offers non-recurring engineering services on a project-by-project basis, for a predetermined fixed contractual amount, or on a time-plus-material basis. It also operates as a manufacturer, & distributor of cryogenic microwave amplifiers, RF designs, & applications for Wireless Networks & the future of Wireless Communication.

Executives

Daniel Richard Mazziota	director	C/O AMPLITECH, INC., 155 PLANT AVENUE, HAUPPAUGE NY 11788
Jorge Luis Flores	officer: Chief Operating Officer	155 PLANT AVENUE, HAUPPAUGE NY 11788
Fawad Maqbool	director, 10 percent owner, officer: President, CEO and Secretary	C/O AMPLITECH GROUP, INC, 155 PLANT AVENUE, HAUPPAUGE NY 11788
Matthew Joseph Kappers	director	C/O AMPLITECH GROUP, INC, 155 PLANT AVENUE, HAUPPAUGE NY 11788
Louisa Sanfratello	officer: Chief Financial Officer	155 PLANT AVENUE, HAUPPAUGE NY 11788
Wayne Stephen Homschek	director	535 FIFTH ST., 22ND FLOOR, NEW YORK NY 10017
Andrew Dylan Lee	director	C/O AMPLITECH GROUP, INC, 155 PLANT AVENUE, HAUPPAUGE NY 11788
Microphase Corp	10 percent owner	100 TRAP FALLS ROAD EXTENSION,, SUITE 400, SHELTON CT 06484