Tix (TIXC) LT-Debt-to-Total-Asset : 0.68 (As of Sep. 2020)

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What is Tix 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. Tix's long-term debt to total assests ratio for the quarter that ended in Sep. 2020 was 0.68.

Tix's long-term debt to total assets ratio increased from Sep. 2019 (0.15) to Sep. 2020 (0.68). It may suggest that Tix is progressively becoming more dependent on debt to grow their business.

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

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

Tix Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

LT-Debt-to-Total-Asset

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0.02

0.01

0.25

Tix Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.15	0.25	0.28	0.42	0.68

Tix LT-Debt-to-Total-Asset Calculation

Tix's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2019 is calculated as

LT Debt to Total Assets (A: Dec. 2019 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2019 )	/	Total Assets (A: Dec. 2019 )
	=	1.55	/	6.159
	=	0.25

Tix's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2020 is calculated as

LT Debt to Total Assets (Q: Sep. 2020 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2020 )	/	Total Assets (Q: Sep. 2020 )
	=	2.889	/	4.228
	=

Tix (OTCPK:TIXC) 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.

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

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Tix (TIXC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Tix Corp (OTCPK:TIXC) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

731 Pilot Road, Suite A, Las Vegas, NV, USA, 89119

Website

http://www.tixcorp.com

Tix Corp is an entertainment company. It is engaged in providing discount ticketing and discount dining and shopping products. Through its subsidiaries, the company offers sale discount tickets to Las Vegas shows and discounted dining at various restaurants surrounding the Las Vegas Strip and downtown.

Executives

Mitch Francis	director, 10 percent owner, officer: Chief Executive Officer	12001 VENTURA PLACE SUITE 340 STUDIO CITY CA 91604
Kimberly Sue Simon	officer: Chief Operating Officer	C/O LOEB & LOEB LLP 10100 SANTA MONICA BLVD #2200 LOS ANGELES CA 90067-4164
Benjamin Frankel	director	C/O CINEMA RIDE INC 12001 VENTURA PLACE STE 340 STUDIO CITY CA 91604
Norman Feirstein	director	C/O CINEMA RIDE INC 12001 VENTURA PLACE STE 340 STUDIO CITY CA 91604
Sam Georges	director	930 SOUTH ANDREAN DRIVE, SUITE H ESCONDIDO CA 92029
Andy Pells	director	12001 VENTURA PLACE #340 STUDIO CITY CA 91604
Steve Handy	officer: Chief Financial Officer	8228 SUNSET BLVD., LOS ANGELES CA 90046
Joseph B Marsh	10 percent owner, other: consultant	605 SURFSIDE DRIVE AKRON OH 44317
Iqbal Ashraf	10 percent owner	201 S. LAKE AVENUE SUITE 603 PASADENA CA 91101
Richard Kam	officer: Vice President - Finance	12001 VENTURA PLACE #340 STUDIO CITY CA 91604
Matt Natalizio	officer: CFO	11726 SAN VICENTE BLVD., SUITE 650, LOS ANGELES CA 90049
Gray Gerry	10 percent owner	4118 SUNDANCE DRIVE SUN PEAKS A1 V0E1Z1