ATXMF (Advantex Marketing International) LT-Debt-to-Total-Asset : 1.80 (As of Sep. 2024)

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What is Advantex Marketing International 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. Advantex Marketing International's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 1.80.

Advantex Marketing International's long-term debt to total assets ratio increased from Sep. 2023 (1.49) to Sep. 2024 (1.80). It may suggest that Advantex Marketing International is progressively becoming more dependent on debt to grow their business.

Advantex Marketing International LT-Debt-to-Total-Asset Historical Data

The historical data trend for Advantex Marketing International'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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Advantex Marketing International LT-Debt-to-Total-Asset Chart

Advantex Marketing International Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.02

2.42

1.97

1.52

1.88

Advantex Marketing International Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															1.49	1.73	1.90	1.88	1.80

Advantex Marketing International LT-Debt-to-Total-Asset Calculation

Advantex Marketing International'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 )
	=	7.278	/	3.876
	=	1.88

Advantex Marketing International'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 )
	=	7.696	/	4.277
	=	1.80

Advantex Marketing International (OTCPK:ATXMF) 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.

Advantex Marketing International LT-Debt-to-Total-Asset Related Terms

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Advantex Marketing International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Advantex Marketing International Inc (OTCPK:ATXMF) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

ADX:Canada

Address

100 King Street West, Suite 1600, Toronto, ON, CAN, M5X 1G5

Website

http://www.advantex.com

Advantex Marketing International Inc is a Canada-based company operating in the marketing services industry. The reportable segments include the Merchant Cash Advance (MCA) program and the Aeroplan program. MCA meets working capital needs of merchants. Loyalty marketing provides merchants an economic way to market their establishments to about 5 million consumers. Loyalty marketing services are delivered through its re-seller relationship with loyalty program owned by Air Canada.

Advantex Marketing International Headlines

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Advantex Announces Partial Revocation Order Failure-to-File Cease Trade Order and Financing

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Advantex Announces Results of Annual and Special Meeting of Shareholders and Provides Corporate Update

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