Surface Transforms (LSE:SCE) LT-Debt-to-Total-Asset : 0.06 (As of Jun. 2023)

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What is Surface Transforms 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. Surface Transforms's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.06.

Surface Transforms's long-term debt to total assets ratio declined from Jun. 2022 (0.10) to Jun. 2023 (0.06). It may suggest that Surface Transforms is progressively becoming less dependent on debt to grow their business.

Surface Transforms LT-Debt-to-Total-Asset Historical Data

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

Surface Transforms Annual Data

Trend

May13

May14

May15

May16

May17

May18

May19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.19

0.16

0.18

0.10

0.06

Surface Transforms Semi-Annual Data
	Nov13	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.05	0.10	0.10	0.06	0.06

Surface Transforms LT-Debt-to-Total-Asset Calculation

Surface Transforms's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	2.222	/	40.175
	=	0.06

Surface Transforms's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (Q: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )	/	Total Assets (Q: Jun. 2023 )
	=	2.073	/	35.862
	=	0.06

Surface Transforms (LSE:SCE) 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.

Surface Transforms LT-Debt-to-Total-Asset Related Terms

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Surface Transforms (LSE:SCE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Surface Transforms PLC (LSE:SCE) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

XE4:Germany

Address

Acornfield Road, Knowsley Industrial Estate, Image Business Park, Liverpool, GBR, L33 7UF

Website

https://www.surfacetransforms.com

Surface Transforms PLC is a company that develops, manufactures, and markets carbon-ceramic products for the brakes market. It also engages in developing new products and applications for carbon fiber-reinforced ceramic friction and non-friction materials. It has operations spread across the United Kingdom, Germany, Sweden the United States of America, the Rest of Europe, and the Rest of the World.

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