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QRS Music Technologies (QRS Music Technologies) LT-Debt-to-Total-Asset : 0.05 (As of Mar. 2007)


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What is QRS Music Technologies 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. QRS Music Technologies's long-term debt to total assests ratio for the quarter that ended in Mar. 2007 was 0.05.

QRS Music Technologies's long-term debt to total assets ratio declined from Mar. 2006 (0.05) to Mar. 2007 (0.05). It may suggest that QRS Music Technologies is progressively becoming less dependent on debt to grow their business.

QRS Music Technologies LT-Debt-to-Total-Asset Historical Data

The historical data trend for QRS Music Technologies'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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QRS Music Technologies LT-Debt-to-Total-Asset Chart

QRS Music Technologies Annual Data
Trend Jun01 Jun02 Jun03 Jun04 Jun05 Jun06
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial 0.08 0.05 0.01 - 0.05

QRS Music Technologies Quarterly Data
Jun02 Sep02 Dec02 Mar03 Jun03 Sep03 Dec03 Mar04 Jun04 Sep04 Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.05 0.05 0.05 0.05 0.05

QRS Music Technologies LT-Debt-to-Total-Asset Calculation

QRS Music Technologies's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2006 is calculated as

LT Debt to Total Assets (A: Jun. 2006 )=Long-Term Debt & Capital Lease Obligation (A: Jun. 2006 )/Total Assets (A: Jun. 2006 )
=0.678/13.046
=0.05

QRS Music Technologies's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2007 is calculated as

LT Debt to Total Assets (Q: Mar. 2007 )=Long-Term Debt & Capital Lease Obligation (Q: Mar. 2007 )/Total Assets (Q: Mar. 2007 )
=0.611/12.333
=0.05

* 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.

QRS Music Technologies  (OTCPK:QRSM) 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.

QRS Music Technologies LT-Debt-to-Total-Asset Related Terms

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QRS Music Technologies (QRS Music Technologies) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » QRS Music Technologies Inc (OTCPK:QRSM) » Definitions » LT-Debt-to-Total-Asset
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Traded in Other Exchanges
N/A
Address
269 Quaker Drive, Seneca, PA, USA, 16346
Website
https://www.qrsmusic.com
QRS Music Technologies Inc manufactures and distributes pianos, pianomation units and compact discs and music rolls for use in player pianos. The firm has a presence in Buffalo, New York and Seneca, Pennsylvania within the United States and internationally in Belmain NSW, Australia. It also operates a sales and procurement office in Hong Kong, China.

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