VIQ Solutions (TSX:VQS) LT-Debt-to-Total-Asset : 0.35 (As of Sep. 2023)

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What is VIQ Solutions 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. VIQ Solutions's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.35.

VIQ Solutions's long-term debt to total assets ratio increased from Sep. 2022 (0.22) to Sep. 2023 (0.35). It may suggest that VIQ Solutions is progressively becoming more dependent on debt to grow their business.

VIQ Solutions LT-Debt-to-Total-Asset Historical Data

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

VIQ Solutions Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.40

0.51

0.29

0.27

0.02

VIQ Solutions Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.22	0.02	0.28	0.30	0.35

VIQ Solutions LT-Debt-to-Total-Asset Calculation

VIQ Solutions's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	1.003	/	48.288
	=	0.02

VIQ Solutions's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	14.793	/	41.907
	=	0.35

VIQ Solutions (TSX:VQS) 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.

VIQ Solutions LT-Debt-to-Total-Asset Related Terms

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VIQ Solutions (TSX:VQS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » VIQ Solutions Inc (TSX:VQS) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

VQSSF:USA

Address

5915 Airport Road, Suite 700, Mississauga, ON, CAN, L4V 1T1

Website

https://www.viqsolutions.com

VIQ Solutions Inc operates as a technology and service platform provider for digital evidence capture, retrieval, and content management in Australia, the United Kingdom, Canada, the United States, and internationally. The reportable segments of the company are technology and related revenue which develops, distributes, and licenses computer-based digital solutions, and the technology services which provide recording and transcription services.

Executives

Yixin (shing) Pan

Director

VIQ Solutions (TSX:VQS) Headlines

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