Accsys Technologies (XAMS:AXS) LT-Debt-to-Total-Asset : 0.28 (As of Sep. 2023)

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What is Accsys Technologies 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. Accsys Technologies's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.28.

Accsys Technologies's long-term debt to total assets ratio increased from Sep. 2022 (0.24) to Sep. 2023 (0.28). It may suggest that Accsys Technologies is progressively becoming more dependent on debt to grow their business.

Accsys Technologies LT-Debt-to-Total-Asset Historical Data

The historical data trend for Accsys Technologies'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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Accsys Technologies LT-Debt-to-Total-Asset Chart

Accsys Technologies Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

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0.34

0.27

0.22

0.21

0.27

Accsys Technologies Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.16	0.21	0.24	0.27	0.28

Accsys Technologies LT-Debt-to-Total-Asset Calculation

Accsys Technologies's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (A: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2023 )	/	Total Assets (A: Mar. 2023 )
	=	60.175	/	226.518
	=	0.27

Accsys Technologies's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	58.525	/	207.534
	=	0.28

Accsys Technologies (XAMS:AXS) 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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Accsys Technologies (XAMS:AXS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Accsys Technologies PLC (XAMS:AXS) » Definitions » LT-Debt-to-Total-Asset

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ACSYF:USA AXSa:UK AXS.GB:UK AXS:UK 1D8:Germany

Address

3 Moorgate Place, 4th floor, London, GBR, EC2R 6EA

Website

https://www.accsysplc.com

Accsys Technologies PLC is a chemical technology company focused on acetylation of wood. It is engaged in the development, commercialisation, and licensing of the associated proprietary technologies. Its product includes Accoya and Tricoya wood. The company offers Accoya wood for use in external doors, cladding/siding, decking, structural and civil engineering projects and Tricoya wood elements are used in window and door components, door skins, wet interiors, and wall linings. It generates maximum revenue through the sale of Accoya Woods. The maximum geographical areas of customers are from the UK and Ireland region.