Alphinat (Alphinat) LT-Debt-to-Total-Asset : 0.09 (As of May. 2023)

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What is Alphinat 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. Alphinat's long-term debt to total assests ratio for the quarter that ended in May. 2023 was 0.09.

Alphinat's long-term debt to total assets ratio declined from May. 2022 (0.17) to May. 2023 (0.09). It may suggest that Alphinat is progressively becoming less dependent on debt to grow their business.

Alphinat LT-Debt-to-Total-Asset Historical Data

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

Alphinat Annual Data

Trend

Aug13

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

LT-Debt-to-Total-Asset

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1.89

0.44

0.29

0.19

Alphinat Quarterly Data
	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.17	0.19	0.14	0.11	0.09

Alphinat LT-Debt-to-Total-Asset Calculation

Alphinat's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Aug. 2022 is calculated as

LT Debt to Total Assets (A: Aug. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Aug. 2022 )	/	Total Assets (A: Aug. 2022 )
	=	0.091	/	0.489
	=	0.19

Alphinat's Long-Term Debt to Total Asset Ratio for the quarter that ended in May. 2023 is calculated as

LT Debt to Total Assets (Q: May. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: May. 2023 )	/	Total Assets (Q: May. 2023 )
	=	0.038	/	0.424
	=	0.09

Alphinat (OTCPK:APHTF) 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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Alphinat (Alphinat) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Alphinat Inc (OTCPK:APHTF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

2000 2000 rue Peel Street, Suite 680, Montreal, QC, CAN, H3A 2W5

Website

https://www.alphinat.com

Alphinat Inc is a software company that has developed the SmartGuide suite that allows the user to create web applications and self-service tools that automate interactions between an organization and its customers, employees, and partners. Its software suite simplifies, accelerates and improves interactions with all business constituents. The company technology provides solutions to the public sector, healthcare, telecommunications, and financial institutions. It derives the majority of its revenue from solutions provider for Public Sector Agencies. Geographically, it generates maximum revenue from Canada and also has a presence in France, the United States, and Other Countries.