Two Hands (XCNQ:TWOH) LT-Debt-to-Total-Asset : 3.41 (As of Mar. 2024)

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What is Two Hands 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. Two Hands's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 3.41.

Two Hands's long-term debt to total assets ratio declined from Mar. 2023 (5.37) to Mar. 2024 (3.41). It may suggest that Two Hands is progressively becoming less dependent on debt to grow their business.

Two Hands LT-Debt-to-Total-Asset Historical Data

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

Two Hands Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.52

1.08

0.46

4.97

3.88

Two Hands Quarterly Data
	Jun19	Sep19	Dec19	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															5.37	3.79	3.43	3.88	3.41

Two Hands LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	1.016	/	0.262
	=	3.88

Two Hands'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 )
	=	1.054	/	0.309
	=	3.41

Two Hands (XCNQ:TWOH) 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.

Two Hands LT-Debt-to-Total-Asset Related Terms

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Two Hands (XCNQ:TWOH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Two Hands Corp (XCNQ:TWOH) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

TWOH:USA

Address

1035 Queensway East, Mississauga, ON, CAN, L4Y 4C1

Website

https://www.twohandsgroup.com

Two Hands Corporation is a custom application development company in the digital technologies sector. The company delivers diversified solutions to companies in North America. It has three business divisions namely gocart.city, Grocery Originals, and Cuore Food Services. gocart.city is the company's online delivery marketplace, allowing consumers to shop online and have their groceries delivered. Grocery Originals is the company's brick-and-mortar grocery store located in Mississauga Ontario at the site of the company's warehouse. Cuore Food Services is the company's wholesale food distribution branch.