Kelso Technologies (TSX:KLS) LT-Debt-to-Total-Asset : 0.03 (As of Mar. 2024)

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What is Kelso 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. Kelso Technologies's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.03.

Kelso Technologies's long-term debt to total assets ratio increased from Mar. 2023 (0.00) to Mar. 2024 (0.03). It may suggest that Kelso Technologies is progressively becoming more dependent on debt to grow their business.

Kelso Technologies LT-Debt-to-Total-Asset Historical Data

The historical data trend for Kelso 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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Kelso Technologies LT-Debt-to-Total-Asset Chart

Kelso Technologies Annual Data

Trend

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Dec23

LT-Debt-to-Total-Asset

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0.01

Kelso Technologies Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	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															-	-	-	-	0.03

Kelso Technologies LT-Debt-to-Total-Asset Calculation

Kelso Technologies'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 )
	=	0	/	13.018
	=	0.00

Kelso Technologies'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 )
	=	0.384	/	13.818
	=	0.03

Kelso Technologies (TSX:KLS) 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.

Kelso Technologies LT-Debt-to-Total-Asset Related Terms

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Kelso Technologies (TSX:KLS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Kelso Technologies Inc (TSX:KLS) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

KIQ:USA LB4A:Germany

Address

13966, 18B Avenue, Surrey, BC, CAN, V4A 8J1

Website

https://www.kelsotech.com

Kelso Technologies Inc is a railway equipment supplier that produces and sells tank car service equipment used for the safe loading, unloading, and containment of hazardous materials during transport. The firm designs, engineers, markets, produces, and distributes various pressure relief valves and manway securement systems designed to reduce the risk of environmental harm due to non-accidental events in the transportation of hazardous commodities via railroad tank cars.

Executives

James Richard Bond

Director, Senior Officer

Kelso Technologies (TSX:KLS) Headlines

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