Givex (TSX:GIVX) LT-Debt-to-Total-Asset : 0.07 (As of Mar. 2024)

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What is Givex 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. Givex's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.07.

Givex's long-term debt to total assets ratio declined from Mar. 2023 (0.08) to Mar. 2024 (0.07). It may suggest that Givex is progressively becoming less dependent on debt to grow their business.

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

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

Givex Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.16

0.07

0.09

0.07

Givex Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial										0.08	0.07	0.07	0.07	0.07

Givex LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	5.111	/	76.106
	=	0.07

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

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	4.998	/	70.475
	=	0.07

Givex (TSX:GIVX) 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.

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

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Givex (TSX:GIVX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Givex Corp (TSX:GIVX) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

GIVXF:USA

Address

134 Peter Street, Toronto, ON, CAN, M5V 2H2

Website

https://web.givex.com

Givex Corp is a cloud-based, omnichannel technology platform, that integrates gift and loyalty programs, point of sale systems, and flexible payment services to enterprise-level retail and hospitality merchants. Its products include Gift cards, Loyalty Programs, Mobile App, Analytics, and Ordering kiosk among others. Geographically, it derives a majority of revenue from Canada.

Executives

Marc Ladouceur

Director or Senior Officer of 10% Security Holder

Givex (TSX:GIVX) Headlines

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