X2M Connect (ASX:X2M) LT-Debt-to-Total-Asset : 0.12 (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is X2M Connect 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. X2M Connect's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.12.

X2M Connect's long-term debt to total assets ratio increased from Dec. 2022 (0.02) to Dec. 2023 (0.12). It may suggest that X2M Connect is progressively becoming more dependent on debt to grow their business.

X2M Connect LT-Debt-to-Total-Asset Historical Data

The historical data trend for X2M Connect'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.

* Premium members only.

X2M Connect LT-Debt-to-Total-Asset Chart

X2M Connect Annual Data

Trend

Jun22

Jun23

LT-Debt-to-Total-Asset

0.04

0.02

X2M Connect Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.04	0.04	0.02	0.02	0.12

X2M Connect LT-Debt-to-Total-Asset Calculation

X2M Connect's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	0.257	/	14.175
	=	0.02

X2M Connect's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	1.778	/	14.431
	=	0.12

X2M Connect (ASX:X2M) 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.

X2M Connect LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of X2M Connect's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

X2M Connect (ASX:X2M) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » X2M Connect Ltd (ASX:X2M) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

18-24 Ricketts Road, Suite 1.01b, Building B, Mount Waverley, VIC, AUS, 3149

Website

https://www.x2mconnect.com

X2M Connect Ltd is an Internet of Things (IoT) technology company that uses the internet to deliver productivity improvements, cost savings, and improved public safety to enterprise and government customers. Its focus is servicing the utility sector in the Asia-Pacific utility market through the provision of technology that connects devices over the internet, such as water meters and gas pressure sensors, and which enables data exchange and control of these devices. The company's geographical segment includes South Korea; China; Taiwan and other countries. It derives a majority of revenue from South Korea.

X2M Connect (ASX:X2M) Headlines

No Headlines