AELTF (Adacel Technologies) LT-Debt-to-Total-Asset : 0.16 (As of Jun. 2024)

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What is Adacel 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. Adacel Technologies's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.16.

Adacel Technologies's long-term debt to total assets ratio increased from Jun. 2023 (0.12) to Jun. 2024 (0.16). It may suggest that Adacel Technologies is progressively becoming more dependent on debt to grow their business.

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

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

Adacel Technologies Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.16

0.15

0.11

0.12

0.16

Adacel Technologies Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.11	0.13	0.12	0.18	0.16

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

Adacel Technologies's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (A: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2024 )	/	Total Assets (A: Jun. 2024 )
	=	4.181	/	26.101
	=	0.16

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

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	4.181	/	26.101
	=	0.16

Adacel Technologies (OTCPK:AELTF) 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.

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Adacel Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Adacel Technologies Ltd (OTCPK:AELTF) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

Level 4, 150 Albert Road, Suite 31, South Melbourne, Melbourne, VIC, AUS, 3205

Website

https://www.adacel.com

Adacel Technologies Ltd develops and sells simulation and control systems. The company's operating segment includes Systems and Services. It generates maximum revenue from the Services segment. The Services segment includes software maintenance and all aspects of system support, field services, and on-site technical services. Its Systems segment includes operational air traffic management as well as simulation and training applications. Geographically, it derives a majority of its revenue from Canada and also has a presence in the USA Estonia and Australia.