Frequency Exchange (TSXV:FREQ) Debt-to-Asset : 1.03 (As of Sep. 2023)

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What is Frequency Exchange Debt-to-Asset?

Frequency Exchange's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$0.60 Mil. Frequency Exchange's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$0.00 Mil. Frequency Exchange's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2023 was C$0.59 Mil. Frequency Exchange's debt to asset for the quarter that ended in Sep. 2023 was 1.03.

Frequency Exchange Debt-to-Asset Historical Data

The historical data trend for Frequency Exchange'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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Frequency Exchange Debt-to-Asset Chart

Frequency Exchange Annual Data

Trend

Oct20

Oct21

Dec22

Debt-to-Asset

0.52

Frequency Exchange Quarterly Data
	Oct20	Jan21	Oct21	Jan22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Asset	Get a 7-Day Free Trial					0.40	0.52	0.75	1.25	1.03

Competitive Comparison of Frequency Exchange's Debt-to-Asset

For the Medical Devices subindustry, Frequency Exchange'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.

Frequency Exchange's Debt-to-Asset Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Frequency Exchange's Debt-to-Asset distribution charts can be found below:

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

Frequency Exchange Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Frequency Exchange's Debt-to-Asset for the fiscal year that ended in Dec. 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
	=	(0.73	+	0)	/	1.397
	=	0.52

Frequency Exchange's Debt-to-Asset for the quarter that ended in Sep. 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
	=	(0.602	+	0)	/	0.586
	=	1.03

Frequency Exchange (TSXV:FREQ) 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.

Frequency Exchange Debt-to-Asset Related Terms

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Frequency Exchange (TSXV:FREQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Frequency Exchange Corp (TSXV:FREQ) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1055 West Georgia Street, Suite 2050, PO Box 11121, Vancouver, BC, CAN, V6E 3P3

Website

https://www.frequencyexchangecorp.com

Frequency Exchange Corp is focused on the development and global commercialization of a wearable Frequency Delivery System providing specialized programs designed for health and wellness as well as performance enhancement.

Executives

Stephen Davis

10% Security Holder, Director, Senior Officer