ATVK (Ameritek Ventures) LT-Debt-to-Total-Asset : 0.43 (As of Sep. 2024)

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What is Ameritek Ventures 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. Ameritek Ventures's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.43.

Ameritek Ventures's long-term debt to total assets ratio declined from Sep. 2023 (0.43) to Sep. 2024 (0.43). It may suggest that Ameritek Ventures is progressively becoming less dependent on debt to grow their business.

Ameritek Ventures LT-Debt-to-Total-Asset Historical Data

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

Ameritek Ventures Annual Data

Trend

May11

May12

May13

May14

May15

May16

May17

May18

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.43

0.51

Ameritek Ventures Quarterly Data
	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.43	0.51	0.52	0.53	0.43

Ameritek Ventures LT-Debt-to-Total-Asset Calculation

Ameritek Ventures's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	1.933	/	3.795
	=	0.51

Ameritek Ventures's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	1.602	/	3.765
	=	0.43

Ameritek Ventures (OTCPK:ATVK) 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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Ameritek Ventures Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ameritek Ventures (OTCPK:ATVK) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

325 North Milwaukee Avenue, Suite G1, Wheeling, IL, USA, 60090

Website

https://www.ameritekventures.com

Ameritek Ventures is a group of companies that provides various software and hardware products and services beneficial to businesses, organizations, and governments. The company have an established presence in the warehouse solutions market. With Interactive Systems, Inc. The company provides software inventory management and with interlinkONE, Inc. the company provide SaaS cloud-based solutions for warehouse and inventory fulfillment. The Firm manufactures and innovates advanced technological developments in the medical industry, such as the DittoMask high-filtration mask. The company also develops blockchain technology software programs under WebBeeO and CordTell companies.

Executives

Shaun Passley

officer: Chairman, CEO and CFO

201 W. LAKE ST. 135, CH IL 60606