ITEX (ITEX) LT-Debt-to-Total-Asset : 0.01 (As of Jul. 2023)

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What is ITEX 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. ITEX's long-term debt to total assests ratio for the quarter that ended in Jul. 2023 was 0.01.

ITEX's long-term debt to total assets ratio increased from Jul. 2016 (0.00) to Jul. 2023 (0.01). It may suggest that ITEX is progressively becoming more dependent on debt to grow their business.

ITEX LT-Debt-to-Total-Asset Historical Data

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

ITEX Annual Data

Trend

Jul09

Jul10

Jul11

Jul12

Jul13

Jul14

Jul15

Jul16

Jul22

Jul23

LT-Debt-to-Total-Asset

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0.01

ITEX Semi-Annual Data
	Jul99	Jul00	Jul01	Jul02	Jul03	Jul04	Jul05	Jul06	Jul07	Jul08	Jul09	Jul10	Jul11	Jul12	Jul13	Jul14	Jul15	Jul16	Jul22	Jul23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	-	0.01	0.01

ITEX LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Jul. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jul. 2023 )	/	Total Assets (A: Jul. 2023 )
	=	0.055	/	9.048
	=	0.01

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

LT Debt to Total Assets (Q: Jul. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jul. 2023 )	/	Total Assets (Q: Jul. 2023 )
	=	0.055	/	9.048
	=	0.01

ITEX (OTCPK:ITEX) 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.

ITEX LT-Debt-to-Total-Asset Related Terms

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ITEX (ITEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » ITEX Corp (OTCPK:ITEX) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

13555 South East 36th Street, Suite 210, Bellevue, WA, USA, 98006

Website

https://www.itex.com

ITEX Corp operates a marketplace in which products and services are exchanged by marketplace members utilizing virtual currency. Its Marketplace provides a forum for members to purchase from and sell their products and services to other members using ITEX dollars instead of the United States dollars and Canadian dollars (USD or cash). It administers the marketplace and provides record-keeping and payment transaction processing services for its members. They generate revenue by charging members percentage-based transaction fees, association fees, and other fees assessed in United States dollars and Canadian dollars.

Executives

Lion Fund, L.p.	10 percent owner	19100 RIDGEWOOD PKWY, SUITE 1200, SAN ANTONIO TX 78259
Biglari Capital Corp.	10 percent owner, other: See Explanation of Responses	19100 RIDGEWOOD PKWY, SUITE 1200, SAN ANTONIO TX 78259
Kevin H Callan	director	3326 160TH AVE. SE, STE. 100, BELLEVUE WA 98008
Timothy R Morones	director	3326 160TH AVE SE STE 100, BELLEVUE WA 98008
Sardar Biglari,	10 percent owner, other: See Explanation of Responses	C/O BIGLARI HOLDINGS INC., 19100 RIDGEWOOD PKWY, SUITE 1200, SAN ANTONIO TX 78259
Biglari Holdings Inc.	10 percent owner, other: See Explanation of Responses	17802 IH 10 WEST, SUITE 400, SAN ANTONIO TX 78257
Western Sizzlin Corp	10 percent owner, other: See Explanation of Responses	317 KIMBALL AVENUE NW, ROANOKE VA 24016
G. Andrew Cooke	10 percent owner	3110 9TH ROAD N. APT. B, ARLINGTON VA 22201
David Polonitza	10 percent owner	54B SANDRA CIRCLE, APT B1, WESTFIELD NJ 07090
Pagidipati Family Limited Partnership	10 percent owner	2955 SE 3RD COURT, OCALA FL 34471
Corner Market Capital Corp	10 percent owner	BOX 36, #1620 - 1140 WEST PENDER STREET, VANCOUVER A1 V6E-4G1
Sanjeev Parsad	10 percent owner	21-355 DUTHIE AVENUE, BURNABY A1 V5A-2P3
Alnesh Mohan	10 percent owner	702-583 BEACH CRESCENT, VANCOUVER A1 V6Z-3E6
Corner Market Capital U.s., Inc.	10 percent owner	BOX 36, #1620 - 1140 WEST PENDER STREET, VANCOUVER A1 V6E-4G1
Mpic Fund I Lp	10 percent owner	1199 WEST PENDER STREET, SUITE 680, VANCOUVER A1 V6E 2R1

ITEX (ITEX) Headlines

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