COMSovereign Holding (COMSovereign Holding) LT-Debt-to-Total-Asset : 0.48 (As of Sep. 2023)

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What is COMSovereign Holding 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. COMSovereign Holding's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.48.

COMSovereign Holding's long-term debt to total assets ratio increased from Sep. 2022 (0.28) to Sep. 2023 (0.48). It may suggest that COMSovereign Holding is progressively becoming more dependent on debt to grow their business.

COMSovereign Holding LT-Debt-to-Total-Asset Historical Data

The historical data trend for COMSovereign Holding'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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COMSovereign Holding LT-Debt-to-Total-Asset Chart

COMSovereign Holding Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.02

0.16

0.47

COMSovereign Holding Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.28	0.47	0.46	0.48	0.48

COMSovereign Holding LT-Debt-to-Total-Asset Calculation

COMSovereign Holding's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	11.711	/	24.918
	=	0.47

COMSovereign Holding'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 )
	=	9.638	/	20.287
	=	0.48

COMSovereign Holding (OTCPK:COMS) 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.

COMSovereign Holding LT-Debt-to-Total-Asset Related Terms

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COMSovereign Holding (COMSovereign Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » COMSovereign Holding Corp (OTCPK:COMS) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

9DA0:Germany

Address

6890 E Sunrise Drive, Suite 120-506, Tucson, AZ, USA, 85750

Website

https://www.comsovereign.com

COMSovereign Holding Corp is a provider of telecom solutions to network operators, mobile device carriers, governmental units and other enterprises world wide. The company offers Telecom and Network Products and Solutions, Wireless Transport Solutions , Edge Compute Capable 4G LTE and 5G Network in a Box and Tethered Drones and Aerostats. The company generates maximum revenue from North America.

Executives

Billy Joe White	director	191 OTTO ST., PORT TOWNSEND WA 98368
David Arthur Knight	officer: Interim CEO	4461 E 79TH STREET, INDIANAPOLIS IN 46250
Brent M Davies	director	5965 SOUTH 900 EAST SUITE 350, MURRAY UT 84121
Frances M. Jandjel	officer: CFO & Executive Vice President	5000 QUORUM DRIVE SUITE 400, DALLAS TX 75254
Dustin H. Mcintire	officer: Chief Technology Officer	5300 VIA ANDREA, NEWBURY CA 91320
Brian M Kelly	officer: Exec VP for Business Dev	2445 FIFTH AVENUE, SUITE 450, SAN DIEGO CA 92101
Wade Martin R Iii	officer: Chief Financial Officer	100 ROWLAND WAY, SUITE 300, NOVATO CA 94945
Harold Marion Patterson	officer: Chief Operating Officer	5000 QUORUM DRIVE, SUITE 400, DALLAS TX 75254
Kaumudi Kay Kapoor	director	9814 POTOMAC MANORS DRIVE, POTOMAC MD 20854
Kevin Sherlock	officer: General Counsel and Secretary	4605 N PASEO AQUIMURI, TUCSON AZ 85750
Mohan Rao Tammisetti	officer: SVP Engineering	25643 SOUTH VILLAGE DRIVE, SOUTH RIDING VA 20152
David Aguilar	director	12213 CHAPEL ROAD, CLIFTON VA 20124
Daniel L. Hodges	director, 10 percent owner, officer: Chief Executive Officer	6600 NORTH EAGLE RIDGE DRIVE, TUSCON AZ 85750
Brian T. Mihelich	officer: Chief Financial Officer	3028 AVONDALE, THE COLONY TX 75056
James A. Marks	director	7 WIRT STREET NW, LEESBURG VA 20176