GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Solventum Corp (NYSE:SOLV) » Definitions » LT-Debt-to-Total-Asset

Solventum (Solventum) LT-Debt-to-Total-Asset : 0.56 (As of Mar. 2024)


View and export this data going back to 2024. Start your Free Trial

What is Solventum 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. Solventum's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.56.

Solventum's long-term debt to total assets ratio increased from Mar. 2023 (0.00) to Mar. 2024 (0.56). It may suggest that Solventum is progressively becoming more dependent on debt to grow their business.


Solventum LT-Debt-to-Total-Asset Historical Data

The historical data trend for Solventum'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.

* Premium members only.

Solventum LT-Debt-to-Total-Asset Chart

Solventum Annual Data
Trend Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
- - - 0.58

Solventum Quarterly Data
Dec20 Dec21 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.58 0.60 0.58 0.56

Solventum LT-Debt-to-Total-Asset Calculation

Solventum'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 )
=8303/14377
=0.58

Solventum'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 )
=8303/14711
=0.56

* 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.


Solventum  (NYSE:SOLV) 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.


Solventum LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Solventum's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


Solventum (Solventum) Business Description

Comparable Companies
Traded in Other Exchanges
Address
3M Center, St. Paul, MN, USA, 55144
Solventum is an independent healthcare?company with a primary focus on solving big healthcare challenges. Its diverse product portfolio spans across the healthcare industry from medical solutions and oral care to health information systems and separation and purification sciences.

Solventum (Solventum) Headlines

From GuruFocus