Avante (Avante) Debt-to-Asset

: 0.05 (As of Dec. 2023)

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Avante's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.34 Mil. Avante's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.63 Mil. Avante's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was $18.30 Mil. Avante's debt to asset for the quarter that ended in Dec. 2023 was 0.05.

Avante Debt-to-Asset Historical Data

The historical data trend for Avante'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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Avante Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Asset

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0.11

0.33

0.32

0.23

0.08

Avante Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial															0.03	0.03	0.08	0.05	0.05

Competitive Comparison

For the Security & Protection Services subindustry, Avante'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.

Avante Debt-to-Asset Distribution

For the Business Services industry and Industrials sector, Avante's Debt-to-Asset distribution charts can be found below:

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

Avante Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Avante's Debt-to-Asset for the fiscal year that ended in Mar. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.782	+	0.778)	/	18.697
	=	0.08

Avante's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.344	+	0.625)	/	18.302
	=	0.05

Avante (OTCPK:ALXXF) 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.

Avante Debt-to-Asset Related Terms

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Avante (Avante) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Avante Corp (OTCPK:ALXXF) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

XX:Canada

Address

1959 Leslie Street, Toronto, ON, CAN, M3B 2M3

Website

https://www.avantelogixx.com

Avante Corp is engaged in the provision of security, monitoring, system integration, and technology solutions. Its operating segments are Avante security. Its products and services include residential and corporate security business: Avante control centre, monitoring, electronic building management, patrol and rapid response, intelligent perimeter protection, secure transport, international security travel advisory services, locksmith services, and smart home automation. It provides security services for residential and condominium customers in Toronto and Muskoka, Ontario through the use of technology and client service.