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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. Molekule Group's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.34.
Molekule Group's long-term debt to total assets ratio increased from Jun. 2022 (0.00) to Jun. 2023 (0.34). It may suggest that Molekule Group is progressively becoming more dependent on debt to grow their business.
The historical data trend for Molekule 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.
Molekule Group Annual Data | |||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | |||||
LT-Debt-to-Total-Asset | - | - | - | 0.05 |
Molekule Group Quarterly Data | ||||||||||||||
Dec19 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | |
LT-Debt-to-Total-Asset | Get a 7-Day Free Trial | - | - | 0.05 | 0.33 | 0.34 |
Molekule Group'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 ) |
= | 1.521 | / | 29.159 | |
= | 0.05 |
Molekule Group'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 ) |
= | 42.3 | / | 125.44 | |
= | 0.34 |
* 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.
Molekule Group (OTCPK:MKULQ) 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.
Thank you for viewing the detailed overview of Molekule Group's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Ritankar Pal | officer: Chief Operating Officer | 10455 RIVERSIDE DR., PALM BEACH GARDENS FL 33410 |
Jonathan Harris | officer: Chief Commercial Officer | 3000 CLEARVIEW WAY, SAN MATEO CA 94402 |
Bradley A Feld | director | C/O FOUNDRY GROUP, 645 WALNUT ST., BOULDER CO 80302 |
Ryan A Mcintyre | 10 percent owner | |
Seth Levine | 10 percent owner | 1050 WALNUT STREET, SUITE 210, BOULDER CO 80302 |
Fg Next Gp, Llc | 10 percent owner | 1050 WALNUT STREET, SUITE 210, BOULDER CO 80302 |
Foundry Group Next, L.p. | 10 percent owner | C/O FOUNDRY GROUP, 1050 WALNUT STREET, SUITE 219, BOULDER CO 80302 |
Ward Jr Stephen M | director | C/O CARPENTER TECHNOLOGY CORP, PO BOX 14662, READING PA 19612 |
Timothy J Scannell | director | 2825 AIRVIEW BOULEVARD, KALAMAZOO MI 49002 |
Heather Floyd | director | 1300 CORPORATE CENTER WAY, WELLINGTON FL 33414 |
Thomas P Mccaffrey | director | 1300 CORPORATE CENTER WAY, WELLINGTON FL 33414 |
Lewis C Pell | 10 percent owner | C/O VISION SCIENCES INC, 6 STRATHMORE RD, NATICK MA 01760 |
Michael F Senft | director | 1300 CORPORATE CENTER WAY, WELLINGTON FL 33414 |
Jason Dibona | officer: Chief Executive Officer | 10455 RIVERSIDE DRIVE, PALM BEACH GARDEN FL 33410 |
David Helfet | director | 10455 RIVERSIDE DRIVE, PALM BEACH GARDENS FL 33410 |
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