CounterPath (TSX:PATH) Debt-to-Asset : 0.19 (As of Oct. 2020)

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What is CounterPath Debt-to-Asset?

CounterPath's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2020 was C$2.02 Mil. CounterPath's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2020 was C$1.39 Mil. CounterPath's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Oct. 2020 was C$17.89 Mil. CounterPath's debt to asset for the quarter that ended in Oct. 2020 was 0.19.

CounterPath Debt-to-Asset Historical Data

The historical data trend for CounterPath's Debt-to-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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CounterPath Debt-to-Asset Chart

CounterPath Annual Data

Trend

Apr11

Apr12

Apr13

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Debt-to-Asset

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0.27

0.40

CounterPath Quarterly Data
	Jan16	Apr16	Jul16	Oct16	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20
Debt-to-Asset	Get a 7-Day Free Trial															0.45	0.45	0.40	0.27	0.19

Competitive Comparison of CounterPath's Debt-to-Asset

For the Software - Application subindustry, CounterPath's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

CounterPath's Debt-to-Asset Distribution in the Software Industry

For the Software industry and Technology sector, CounterPath's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where CounterPath's Debt-to-Asset falls into.

CounterPath Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

CounterPath's Debt-to-Asset for the fiscal year that ended in Apr. 2020 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(6.031	+	1.549)	/	19.184
	=	0.40

CounterPath's Debt-to-Asset for the quarter that ended in Oct. 2020 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(2.018	+	1.391)	/	17.891
	=	0.19

CounterPath (TSX:PATH) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

CounterPath Debt-to-Asset Related Terms

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CounterPath (TSX:PATH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » CounterPath Corp (TSX:PATH) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

505 Burrard Street, Suite 300, One Bentall Centre, Vancouver, BC, CAN, V7X 1M3

Website

https://www.counterpath.com

CounterPath Corp designs develop and sell software and services that enable enterprises and telecommunication service providers to deliver Unified Communications (UC) services, including voice, video, messaging, and collaboration functionality. Its activities consisted primarily of selling IP telephony software and related services to telecom service providers, enterprises, and channel partners serving the telecom and enterprise segments.