TrustBIX (TSXV:TBIX) LT-Debt-to-Total-Asset : 0.93 (As of Dec. 2023)

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What is TrustBIX 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. TrustBIX's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.93.

TrustBIX's long-term debt to total assets ratio increased from Dec. 2022 (0.25) to Dec. 2023 (0.93). It may suggest that TrustBIX is progressively becoming more dependent on debt to grow their business.

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

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

TrustBIX Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

LT-Debt-to-Total-Asset

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0.38

0.50

0.31

0.99

TrustBIX Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.25	0.34	0.41	0.99	0.93

TrustBIX LT-Debt-to-Total-Asset Calculation

TrustBIX's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (A: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2023 )	/	Total Assets (A: Sep. 2023 )
	=	0.599	/	0.606
	=	0.99

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

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	0.65	/	0.698
	=	0.93

TrustBIX (TSXV:TBIX) 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.

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

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TrustBIX (TSXV:TBIX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » TrustBIX Inc (TSXV:TBIX) » Definitions » LT-Debt-to-Total-Asset

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TBIXF:USA

Address

10607 - 82 Street NW, Suite 200, 2nd Floor, Edmonton, AB, CAN, T6A 3N2

Website

https://www.trustbix.com

TrustBIX Inc goal is to create a world where we trust more, waste less and reward sustainable behaviour by addressing consumer and agri-food business demands. The company delivers independent validation of food provenance and sustainable production practices within the supply chain - Gate to Plate. It provides a suite of hardware and software solutions to the livestock industry in North America and China. The company's Insight technology offers an edge-to-enterprise supply chain solution that brings asset situational awareness to dealers, equipment fleets, and civil construction managers.

Executives

Hubert Lau

Director, Senior Officer

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