PASSUR Aerospace (PASSUR Aerospace) LT-Debt-to-Total-Asset : 5.98 (As of Jul. 2022)

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

What is PASSUR Aerospace 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. PASSUR Aerospace's long-term debt to total assests ratio for the quarter that ended in Jul. 2022 was 5.98.

PASSUR Aerospace's long-term debt to total assets ratio increased from Jul. 2021 (2.19) to Jul. 2022 (5.98). It may suggest that PASSUR Aerospace is progressively becoming more dependent on debt to grow their business.

PASSUR Aerospace LT-Debt-to-Total-Asset Historical Data

The historical data trend for PASSUR Aerospace'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.

PASSUR Aerospace LT-Debt-to-Total-Asset Chart

PASSUR Aerospace Annual Data

Trend

Oct12

Oct13

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.21

0.40

0.58

2.05

2.87

PASSUR Aerospace Quarterly Data
	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															2.19	2.87	4.20	4.77	5.98

PASSUR Aerospace LT-Debt-to-Total-Asset Calculation

PASSUR Aerospace's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Oct. 2021 is calculated as

LT Debt to Total Assets (A: Oct. 2021 )	=	Long-Term Debt & Capital Lease Obligation (A: Oct. 2021 )	/	Total Assets (A: Oct. 2021 )
	=	11.023	/	3.837
	=	2.87

PASSUR Aerospace's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jul. 2022 is calculated as

LT Debt to Total Assets (Q: Jul. 2022 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jul. 2022 )	/	Total Assets (Q: Jul. 2022 )
	=	12.763	/	2.135
	=	5.98

PASSUR Aerospace (OTCPK:PSSR) 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.

PASSUR Aerospace LT-Debt-to-Total-Asset Related Terms

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

PASSUR Aerospace (PASSUR Aerospace) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » PASSUR Aerospace Inc (OTCPK:PSSR) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

One Landmark Square, Suite 1905, Stamford, CT, USA, 06901

Website

https://www.passur.com

PASSUR Aerospace Inc is engaged in digital operational excellence, providing predictive analytics and decision support technology for the aviation industry, to improve the operational performance and cash flow of airlines and the airports where they operate. The company's information solutions are used at five North American airlines; by airlines in Europe; by more than 60 airport customers (used at the top 30 North American airports); by more than 100 business aviation organizations; and by the US government.

Executives

Allison O'neill	officer: Exec. VP Finance & Admin	883 INMAN VILLAGE PARKWAY, ATLANTA GA 30307
Richard L Haver	director	C/O PASSUR AEROSPACE, INC., ONE LANDMARK SQUARE, SUITE 1900, STAMFORD CT 06901
Robert M. Stafford	director	C/O PASSUR AEROSPACE, ONE LANDMARK SQUARE, SUITE 1900, STAMFORD CT 06901
Michael Owen Hulley	director	ONE LANDMARK SQUARE, SUITE 1900, STAMFORD NY 06901
Michael P. Schumaecker	director	BOX 205, ORLEANS MA 02653
Sean L Doherty	officer: Exec. VP Finance & Admin	34 MILSON CRESCENT, GUELPH A6 N1C1G9
Michael Henne	officer: Chief Commercial Officer	ONE LANDMARK SQUARE, SUITE 1900, STAMFORD CT 06901
Brian Gerald Cook	director	840 ST. JOHNS AVE., GREEN COVE SPRINGS FL 32043
John Franklin Thomas	director	25 BURR DRIVE, NEEDHAM MA 02492
Ronald Rose	director
David Mackenzie Henderson	officer: See Remarks	ONE LANDMARK SQUARE, SUITE 1900, STAMFORD CT 06901
David Brukman	officer: Chief Technology Officer	6 WATCH HILL DR., GREENWICH CT 06831
Keith D. Wichman	officer: VP-Airline Solutions/Product	C/O PASSUR AEROSPACE, ONE LANDMARK SQUARE, SUITE 1900, STANFORD CT 06901
William S. Leber	officer: VP of Air-Traffic Innovations	C/O PASSUR AEROSPACE, ONE LANDMARK SQUARE SUITE 1900, STANFORD CT 06901
Thomas Scott White	officer: Senior VP ATM & Technology	C/O PASSUR AEROSPACE, ONE LANDMARK SQUARE, SUITE 1900, STANFORD CT 06901