Frequency Exchange (TSXV:FREQ) LT-Debt-to-Total-Asset : 0.00 (As of Sep. 2023)

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What is Frequency Exchange 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. Frequency Exchange's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.00.

Frequency Exchange's long-term debt to total assets ratio declined from Sep. 2022 (0.03) to Sep. 2023 (0.00). It may suggest that Frequency Exchange is progressively becoming less dependent on debt to grow their business.

Frequency Exchange LT-Debt-to-Total-Asset Historical Data

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

Frequency Exchange Annual Data

Trend

Oct20

Oct21

Dec22

LT-Debt-to-Total-Asset

Frequency Exchange Quarterly Data
	Oct20	Jan21	Oct21	Jan22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial					0.03	-	-	-	-

Frequency Exchange LT-Debt-to-Total-Asset Calculation

Frequency Exchange'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 )
	=	0	/	1.397
	=	0.00

Frequency Exchange'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 )
	=	0	/	0.586
	=	0.00

Frequency Exchange (TSXV:FREQ) 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.

Frequency Exchange LT-Debt-to-Total-Asset Related Terms

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Frequency Exchange (TSXV:FREQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Frequency Exchange Corp (TSXV:FREQ) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1055 West Georgia Street, Suite 2050, PO Box 11121, Vancouver, BC, CAN, V6E 3P3

Website

https://www.frequencyexchangecorp.com

Frequency Exchange Corp is focused on the development and global commercialization of a wearable Frequency Delivery System providing specialized programs designed for health and wellness as well as performance enhancement.

Executives

Stephen Davis

10% Security Holder, Director, Senior Officer