Impact Development Group (TSXV:IMPT) LT-Debt-to-Total-Asset : 1.24 (As of Jun. 2023)

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What is Impact Development Group 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. Impact Development Group's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 1.24.

Impact Development Group's long-term debt to total assets ratio increased from Jun. 2022 (0.00) to Jun. 2023 (1.24). It may suggest that Impact Development Group is progressively becoming more dependent on debt to grow their business.

Impact Development Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Impact Development Group'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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Impact Development Group LT-Debt-to-Total-Asset Chart

Impact Development Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

0.75

0.84

0.88

1.22

Impact Development Group Semi-Annual Data
	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.84	0.88	-	1.22	1.24

Impact Development Group LT-Debt-to-Total-Asset Calculation

Impact Development Group'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 )
	=	47.383	/	38.7
	=	1.22

Impact Development Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (Q: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )	/	Total Assets (Q: Jun. 2023 )
	=	48.971	/	39.426
	=	1.24

Impact Development Group (TSXV:IMPT) 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.

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Impact Development Group (TSXV:IMPT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Impact Development Group Inc (TSXV:IMPT) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

Edifice Península piso 4, oficina 4-10, Costa del Este, Panama City, PAN

Website

https://www.ihcpanama.com

Impact Development Group Inc Formerly Impact Housing Corp is a Panamanian-based real estate developer. It provides affordable housing supported by a longstanding subsidized government program with multiple product offerings. The principal business of IHC is to build and develop affordable and high-quality subsidized houses in the Republic of Panama to support the middle-class market.

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