Medivolve (Medivolve) Debt-to-Asset : 0.71 (As of Dec. 2023)

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What is Medivolve Debt-to-Asset?

Medivolve's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1.25 Mil. Medivolve's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Medivolve's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was $1.76 Mil. Medivolve's debt to asset for the quarter that ended in Dec. 2023 was 0.71.

Medivolve Debt-to-Asset Historical Data

The historical data trend for Medivolve'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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Medivolve Debt-to-Asset Chart

Medivolve Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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1.06

0.03

0.09

0.71

Medivolve Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial															0.09	0.10	0.13	0.17	0.71

Competitive Comparison of Medivolve's Debt-to-Asset

For the Diagnostics & Research subindustry, Medivolve'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.

Medivolve's Debt-to-Asset Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Medivolve's Debt-to-Asset distribution charts can be found below:

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

Medivolve Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Medivolve's Debt-to-Asset for the fiscal year that ended in Dec. 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
	=	(1.246	+	0)	/	1.764
	=	0.71

Medivolve's Debt-to-Asset for the quarter that ended in Dec. 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
	=	(1.246	+	0)	/	1.764
	=	0.71

Medivolve (OTCPK:MEDVF) 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.

Medivolve Debt-to-Asset Related Terms

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Medivolve (Medivolve) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Medivolve Inc (OTCPK:MEDVF) » Definitions » Debt-to-Asset

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Traded in Other Exchanges

4NCA:Germany MEDV:Canada

Address

198 Davenport Road, Toronto, ON, CAN, M5R 1J2

Website

https://www.medivolve.ca

Medivolve Inc is a healthcare technology and services company. It is engaged in finding and developing disruptive technologies, groundbreaking innovations, and partnerships to help combat COVID-19 and transform human health management. The company operated one reportable segment, the COVID Testing facilities across the United States Of America.