Eonx Technologies (XCNQ:EONX) LT-Debt-to-Total-Asset : 0.42 (As of Mar. 2024)

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What is Eonx 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. Eonx Technologies's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.42.

Eonx Technologies's long-term debt to total assets ratio declined from Mar. 2023 (0.55) to Mar. 2024 (0.42). It may suggest that Eonx Technologies is progressively becoming less dependent on debt to grow their business.

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

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

Eonx Technologies Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

0.11

0.62

0.24

0.44

Eonx Technologies Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial												0.55	0.44	0.49	0.40	0.42

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

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

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	6.237	/	14.148
	=	0.44

Eonx Technologies's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	4.654	/	11.019
	=	0.42

Eonx Technologies (XCNQ:EONX) 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.

Eonx Technologies LT-Debt-to-Total-Asset Related Terms

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Eonx Technologies (XCNQ:EONX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Eonx Technologies Inc (XCNQ:EONX) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1183 Toorak Road, Camberwell, VIC, AUS, 3124

Website

https://www.eonx.com

Eonx Technologies Inc is a financial technology company. The company is engaged in developing and marketing a suite of financial technology products including the payment processor, e-wallets, identity and security for Know Your Customer (KYC) and Anti Money Laundering (AML), loyalty points solutions, and an e-commerce store.

Executives

Accelerative Investments Pty Ltd

Director

Eonx Technologies (XCNQ:EONX) Headlines

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