Orbital Infrastructure Group (STU:CIJ0) LT-Debt-to-Total-Asset : 0.07 (As of Mar. 2023)

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What is Orbital Infrastructure Group 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. Orbital Infrastructure Group's long-term debt to total assests ratio for the quarter that ended in Mar. 2023 was 0.07.

Orbital Infrastructure Group's long-term debt to total assets ratio declined from Mar. 2022 (0.43) to Mar. 2023 (0.07). It may suggest that Orbital Infrastructure Group is progressively becoming less dependent on debt to grow their business.

Orbital Infrastructure Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Orbital Infrastructure 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.

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Orbital Infrastructure Group LT-Debt-to-Total-Asset Chart

Orbital Infrastructure Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.08

0.15

0.44

Orbital Infrastructure Group Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.43	0.30	0.43	0.44	0.07

Orbital Infrastructure Group LT-Debt-to-Total-Asset Calculation

Orbital Infrastructure 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 )
	=	113.8	/	256.363
	=	0.44

Orbital Infrastructure Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (Q: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2023 )	/	Total Assets (Q: Mar. 2023 )
	=	17.666	/	250.511
	=	0.07

Orbital Infrastructure Group (STU:CIJ0) 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.

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Orbital Infrastructure Group (STU:CIJ0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Orbital Infrastructure Group Inc (STU:CIJ0) » Definitions » LT-Debt-to-Total-Asset

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Address

5444 Westheimer Road, Suite 1650, Houston, TX, USA, 77056

Website

https://www.orbitalenergygroup.com

Orbital Infrastructure Group Inc is a diversified infrastructure services platform, providing engineering, design, construction, and maintenance services to customers in three operating segments namely electric power, telecommunications, and renewables.

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