Lite Access Technologies (Lite Access Technologies) Debt-to-Equity : -1.78 (As of Dec. 2023)

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What is Lite Access Technologies Debt-to-Equity?

Lite Access Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.43 Mil. Lite Access Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.11 Mil. Lite Access Technologies's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-0.30 Mil. Lite Access Technologies's debt to equity for the quarter that ended in Dec. 2023 was -1.78.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Lite Access Technologies's Debt-to-Equity or its related term are showing as below:

LTCCF' s Debt-to-Equity Range Over the Past 10 Years
Min: -4.35 Med: 0.06 Max: 3.77
Current: -1.78

During the past 10 years, the highest Debt-to-Equity Ratio of Lite Access Technologies was 3.77. The lowest was -4.35. And the median was 0.06.

LTCCF's Debt-to-Equity is not ranked
in the Hardware industry.
Industry Median: 0.28 vs LTCCF: -1.78

Lite Access Technologies Debt-to-Equity Historical Data

The historical data trend for Lite Access Technologies's Debt-to-Equity 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.

* Premium members only.

Lite Access Technologies Debt-to-Equity Chart

Lite Access Technologies Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

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0.07

-0.48

0.61

0.85

-4.33

Lite Access Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.94	1.16	3.76	-4.33	-1.78

Competitive Comparison of Lite Access Technologies's Debt-to-Equity

For the Communication Equipment subindustry, Lite Access Technologies's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.

Lite Access Technologies's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Lite Access Technologies's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Lite Access Technologies's Debt-to-Equity falls into.

Lite Access Technologies Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Lite Access Technologies's Debt to Equity Ratio for the fiscal year that ended in Sep. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0.058	+	0.488)	/	-0.126
	=	-4.33

Lite Access Technologies's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0.426	+	0.113)	/	-0.303
	=	-1.78

Lite Access Technologies (OTCPK:LTCCF) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Lite Access Technologies Debt-to-Equity Related Terms

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Lite Access Technologies (Lite Access Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Lite Access Technologies Inc (OTCPK:LTCCF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

110 – 6039 196 Street, Surrey, BC, CAN, V3S 7X4

Website

https://www.liteaccess.com

Lite Access Technologies Inc is a manufacturer, distributor, and installer of fibre optic technology, specializing in micro ducts and air-blown fibre. The company also provides construction options for the deployment of the fibre optic. The business of the company operates in three reporting segments: Product sales, Fibre optic installations and concrete cutting. Fibre optic installations account for the majority of revenue. Its geographical segments are Canada, the United States, the United Kingdom, and others, of which the majority of its revenue comes from Canada.

Lite Access Technologies (Lite Access Technologies) Headlines

From GuruFocus

Lite Access Awarded Rural Fibre Optic Deployment Contract from Gigaclear for West Oxfordshire, United Kingdom

By PRNewswire PRNewswire • 03-23-2018