Venzee Technologies (Venzee Technologies) LT-Debt-to-Total-Asset : 8.48 (As of Dec. 2023)

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What is Venzee Technologies 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. Venzee Technologies's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 8.48.

Venzee Technologies's long-term debt to total assets ratio increased from Sep. 2022 (0.00) to Dec. 2023 (8.48). It may suggest that Venzee Technologies is progressively becoming more dependent on debt to grow their business.

Venzee Technologies LT-Debt-to-Total-Asset Historical Data

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

Venzee Technologies Annual Data

Trend

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LT-Debt-to-Total-Asset

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Venzee Technologies Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	4.47	7.84	8.48

Venzee Technologies LT-Debt-to-Total-Asset Calculation

Venzee Technologies's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2021 is calculated as

LT Debt to Total Assets (A: Dec. 2021 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2021 )	/	Total Assets (A: Dec. 2021 )
	=	0	/	0.605
	=	0.00

Venzee Technologies'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 )
	=	0.517	/	0.061
	=

Venzee Technologies (OTCPK:VENZF) 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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Venzee Technologies (Venzee Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Venzee Technologies Inc (OTCPK:VENZF) » Definitions » LT-Debt-to-Total-Asset

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VENZ:Canada

Address

422 Richards Street, Suite 170, Vancouver, BC, CAN, V6B 2Z4

Website

https://www.venzee.com

Venzee Technologies Inc is engaged in developing software infrastructure retailers. It develops and markets a cloud-based platform that suppliers and manufacturers from multiple industries use to share their product information and inventory updates, in real-time, with their retailers. The Company operates in one operating segment, which is a cloud-based platform solution targeted to online retailers and vendors. Geographically, the company generates a majority of revenue from the United States.