Maris Tech (Maris Tech) LT-Debt-to-Total-Asset : 0.08 (As of Dec. 2023)

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What is Maris Tech 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. Maris Tech's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.08.

Maris Tech's long-term debt to total assets ratio declined from Dec. 2022 (0.11) to Dec. 2023 (0.08). It may suggest that Maris Tech is progressively becoming less dependent on debt to grow their business.

Maris Tech LT-Debt-to-Total-Asset Historical Data

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

Maris Tech Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

2.13

2.99

0.90

0.11

0.08

Maris Tech Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial				0.90	0.11	0.11	0.12	0.08

Maris Tech LT-Debt-to-Total-Asset Calculation

Maris Tech'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 )
	=	0.913	/	11.334
	=	0.08

Maris Tech's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	0.913	/	11.334
	=	0.08

Maris Tech (NAS:MTEK) 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.

Maris Tech LT-Debt-to-Total-Asset Related Terms

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Maris Tech (Maris Tech) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Maris Tech Ltd (NAS:MTEK) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Yitzhak Modai Street, Rehovot, ISR, 7608804

Website

https://www.maris-tech.com

Maris Tech Ltd is a provider of remote video, audio, telemetry acquisition, distribution and sharing solutions and products, using high-end digital video, audio and wireless communication technologies. It designs, develops, manufactures and commercially sells miniature intelligent video and audio surveillance and communication systems, which are offered as products and solutions for the professional as well as the civilian and home security markets.