SkyWater Technology (SkyWater Technology) LT-Debt-to-Total-Asset : 0.14 (As of Mar. 2024)

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What is SkyWater Technology 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. SkyWater Technology's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.14.

SkyWater Technology's long-term debt to total assets ratio declined from Mar. 2023 (0.15) to Mar. 2024 (0.14). It may suggest that SkyWater Technology is progressively becoming less dependent on debt to grow their business.

SkyWater Technology LT-Debt-to-Total-Asset Historical Data

The historical data trend for SkyWater Technology'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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SkyWater Technology LT-Debt-to-Total-Asset Chart

SkyWater Technology Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.23

0.27

0.23

0.15

0.14

SkyWater Technology Quarterly Data
	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													0.15	0.15	0.16	0.14	0.14

SkyWater Technology LT-Debt-to-Total-Asset Calculation

SkyWater Technology'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 )
	=	45.425	/	316.756
	=	0.14

SkyWater Technology'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 )
	=	44.869	/	312.281
	=	0.14

SkyWater Technology (NAS:SKYT) 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.

SkyWater Technology LT-Debt-to-Total-Asset Related Terms

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SkyWater Technology (SkyWater Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » SkyWater Technology Inc (NAS:SKYT) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

2401 East 86th Street, Bloomington, MN, USA, 55425

Website

https://www.skywatertechnology.com

SkyWater Technology Inc is a U.S.-based, independent, pure-play technology foundry that offers semiconductor development and manufacturing services from its fabrication facilities. In its technology as a service model, it leverages a foundation of proprietary technology to co-develop process technology intellectual property (IP) with its customers that enable disruptive concepts through its Technology Services for diverse microelectronics (integrated circuits) and related micro- and nanotechnology applications. It focuses on serving diversified, high-growth, end users in numerous vertical markets, including computation, aerospace, defense, or A&D, automotive and transportation, bio-health, consumer, and industrial/internet of things.

Executives

Thomas Sonderman	director, officer: President & CEO	16 JONSPIN ROAD, WILMINGTON MA 01887
Christopher Hilberg	officer: Chief Legal Officer	2401 EAST 86TH STREET, BLOOMINGTON MN 55425
Loren A Unterseher	director, 10 percent owner	8799 BROOKLYN BLVD, MINNEAPOLIS MN 55445
Edward Daly	director	2401 EAST 86TH STREET, BLOOMINGTON MN 55425
John Sakamoto	officer: President and COO	2401 EAST 86TH STREET, BLOOMINGTON MN 55425
Steve Manko	officer: CFO	2401 EAST 86TH ST, BLOOMINGTON MN 55425
Bradley Ferguson	officer: Chief Govt Affairs Officer	2401 EAST 86TH STREET, BLOOMINGTON MN 55425
Steve Kosier	officer: Chief Technology Officer	2401 EAST 86TH STREET, BLOOMINGTON MN 55425
Amanda Daniel	officer: Chief Human Resources Officer	2401 EAST 86TH STREET, BLOOMINGTON MN 55425
Mark Litecky	officer: Chief Revenue Officer	2401 EAST 86TH STREET, BLOOMINGTON MN 55425
Ddk Developments, L.l.c.	10 percent owner	C/O BART L. ZIBROWSKI, 740 SADDLE WOOD DRIVE, EAGAN MN 55123
Bart L Zibrowski	10 percent owner	740 SADDLE WOOD DRIVE, EAGAN MN 55123
Gregory B Graves	director	129 CONCORD ROAD, BILLERICA MA 01821
John T Kurtzweil	director	C/O CIRRUS LOGIC, INC., 2901 VIA FORTUNA, AUSTIN TX 78746
Cmi Oxbow Partners, Llc	director, 10 percent owner	C/O OXBOW INDUSTRIES, LLC, 4450 EXCELSIOR BOULEVARD, SUITE 440, MINNEAPOLIS MN 55416