Avid Bioservices (STU:TEHN) LT-Debt-to-Total-Asset : 0.12 (As of Jan. 2024)

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What is Avid Bioservices 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. Avid Bioservices's long-term debt to total assests ratio for the quarter that ended in Jan. 2024 was 0.12.

Avid Bioservices's long-term debt to total assets ratio declined from Jan. 2023 (0.40) to Jan. 2024 (0.12). It may suggest that Avid Bioservices is progressively becoming less dependent on debt to grow their business.

Avid Bioservices LT-Debt-to-Total-Asset Historical Data

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

Avid Bioservices Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

LT-Debt-to-Total-Asset

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0.20

0.44

0.42

Avid Bioservices Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.40	0.42	0.42	0.43	0.12

Avid Bioservices LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Apr. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Apr. 2023 )	/	Total Assets (A: Apr. 2023 )
	=	171.342	/	411.361
	=	0.42

Avid Bioservices's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jan. 2024 is calculated as

LT Debt to Total Assets (Q: Jan. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jan. 2024 )	/	Total Assets (Q: Jan. 2024 )
	=	47.892	/	417.898
	=	0.11

Avid Bioservices (STU:TEHN) 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.

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Avid Bioservices (STU:TEHN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Avid Bioservices Inc (STU:TEHN) » Definitions » LT-Debt-to-Total-Asset

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CDMO:USA

Address

14191 Myford Road, Tustin, CA, USA, 92780

Website

https://www.avidbio.com

Avid Bioservices Inc is a clinical-stage biopharmaceutical company focused on the development and Current Good Manufacturing Practices (CGMP) of biopharmaceutical products derived from mammalian cell culture. The company provides a comprehensive range of process development and high-quality CGMP clinical and commercial manufacturing services for the biotechnology and biopharmaceutical industries.

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