CounterPath (TSX:PATH) LT-Debt-to-Total-Asset : 0.08 (As of Oct. 2020)

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What is CounterPath 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. CounterPath's long-term debt to total assests ratio for the quarter that ended in Oct. 2020 was 0.08.

CounterPath's long-term debt to total assets ratio declined from Oct. 2019 (0.43) to Oct. 2020 (0.08). It may suggest that CounterPath is progressively becoming less dependent on debt to grow their business.

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

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

CounterPath Annual Data

Trend

Apr11

Apr12

Apr13

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

LT-Debt-to-Total-Asset

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0.27

0.08

CounterPath Quarterly Data
	Jan16	Apr16	Jul16	Oct16	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.43	0.43	0.08	0.08	0.08

CounterPath LT-Debt-to-Total-Asset Calculation

CounterPath's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Apr. 2020 is calculated as

LT Debt to Total Assets (A: Apr. 2020 )	=	Long-Term Debt & Capital Lease Obligation (A: Apr. 2020 )	/	Total Assets (A: Apr. 2020 )
	=	1.549	/	19.184
	=	0.08

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

LT Debt to Total Assets (Q: Oct. 2020 )	=	Long-Term Debt & Capital Lease Obligation (Q: Oct. 2020 )	/	Total Assets (Q: Oct. 2020 )
	=	1.391	/	17.891
	=	0.08

CounterPath (TSX:PATH) 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.

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

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CounterPath (TSX:PATH) Business Description

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

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Address

505 Burrard Street, Suite 300, One Bentall Centre, Vancouver, BC, CAN, V7X 1M3

Website

https://www.counterpath.com

CounterPath Corp designs develop and sell software and services that enable enterprises and telecommunication service providers to deliver Unified Communications (UC) services, including voice, video, messaging, and collaboration functionality. Its activities consisted primarily of selling IP telephony software and related services to telecom service providers, enterprises, and channel partners serving the telecom and enterprise segments.