AS-IP Tech (AS-IP Tech) Debt-to-Asset : 62.00 (As of Mar. 2023)

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What is AS-IP Tech Debt-to-Asset?

AS-IP Tech's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was $1.80 Mil. AS-IP Tech's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was $0.00 Mil. AS-IP Tech's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2023 was $0.03 Mil. AS-IP Tech's debt to asset for the quarter that ended in Mar. 2023 was 62.00.

AS-IP Tech Debt-to-Asset Historical Data

The historical data trend for AS-IP Tech's Debt-to-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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AS-IP Tech Debt-to-Asset Chart

AS-IP Tech Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Debt-to-Asset

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5.09

10.69

30.91

4.46

11.91

AS-IP Tech Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Debt-to-Asset	Get a 7-Day Free Trial															8.45	11.91	55.10	41.05	62.00

Competitive Comparison of AS-IP Tech's Debt-to-Asset

For the Communication Equipment subindustry, AS-IP Tech's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

AS-IP Tech's Debt-to-Asset Distribution in the Hardware Industry

For the Hardware industry and Technology sector, AS-IP Tech's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where AS-IP Tech's Debt-to-Asset falls into.

AS-IP Tech Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

AS-IP Tech's Debt-to-Asset for the fiscal year that ended in Jun. 2022 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.078	+	1.506)	/	0.133
	=	11.91

AS-IP Tech's Debt-to-Asset for the quarter that ended in Mar. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(1.798	+	0)	/	0.029
	=	62.00

AS-IP Tech (OTCPK:IPTK) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

AS-IP Tech Debt-to-Asset Related Terms

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

AS-IP Tech (AS-IP Tech) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » AS-IP Tech Inc (OTCPK:IPTK) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1/15 Castles Drive, Torquay, VIC, AUS, 3228

Website

https://www.asiptech.com

AS-IP Tech Inc is engaged in creating in-flight connectivity systems that utilize Bluetooth Smart technology as a low-cost alternative to the traditionally expensive Wi-Fi platform. The company's technology consists of two products BizjetMobile and fflya. BizjetMobile provides corporate jets with an alternative global inflight connectivity solution and is marketed under the brand names CHiiMP and BizjetInternet. These are mobile apps that deliver optimized inflight text and email for passengers and crew; and fflya provides airlines with an inflight connectivity approach based on the latest mobile app technology, narrowband satellite links, and BlueTooth technology. The fflya platform reduces the installation, certification and equipment costs by up to 90% compared to inflight broadband.

Executives

Richard Lukso	director	5610 VIA ARBOLADA, TUCSON AZ 85750
Philip Andrew Shiels	director, officer: Chief Financial Officer	88 ELGIN STREET, HAWTHORN C3 3122
Ronald John Chapman	director, 10 percent owner, officer: Chief Executive Officer	160 SILVAN ROAD, WATTLE GLEN C3 3096
Graham Owen Chappell	director	5 MARINE PARADE, STE 2, ST KILDA, VICTORIA C3 3182
Van Der Griend Eric Paul	10 percent owner	100 BARKLY STREET, ST. KILDA C3 3182

AS-IP Tech (AS-IP Tech) Headlines

From GuruFocus

ASIP Tech selected by Wizz Air for free inflight connectivity

By PRNewswire PRNewswire • 07-13-2022

ASIP Tech announces new STC for fflya.

By PRNewswire PRNewswire • 05-08-2023

AS-IP Tech, Inc. Makes Aviation History

By PRNewswire PRNewswire • 11-30-2021

ASIP Tech selected by Wizz Air for free inflight connectivity

By PRNewswire PRNewswire • 06-03-2022

ASIP Tech selected by Wizz Air for free inflight connectivity

By PRNewswire PRNewswire • 06-23-2022

ASIP Tech selected by Wizz Air for free inflight connectivity

By PRNewswire PRNewswire • 07-03-2022

ASIP Tech selected by Wizz Air for free inflight connectivity

By PRNewswire PRNewswire • 06-13-2022