Avitar (Avitar) LT-Debt-to-Total-Asset : 2.80 (As of Dec. 2007)

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What is Avitar 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. Avitar's long-term debt to total assests ratio for the quarter that ended in Dec. 2007 was 2.80.

Avitar's long-term debt to total assets ratio increased from Dec. 2006 (1.63) to Dec. 2007 (2.80). It may suggest that Avitar is progressively becoming more dependent on debt to grow their business.

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

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

Avitar Annual Data

Trend

Sep98

Sep99

Sep00

Sep01

Sep02

Sep03

Sep04

Sep05

Sep06

Sep07

LT-Debt-to-Total-Asset

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0.33

0.30

1.25

2.23

Avitar Quarterly Data
	Mar03	Jun03	Sep03	Dec03	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															1.63	2.06	2.39	2.23	2.80

Avitar LT-Debt-to-Total-Asset Calculation

Avitar's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2007 is calculated as

LT Debt to Total Assets (A: Sep. 2007 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2007 )	/	Total Assets (A: Sep. 2007 )
	=	3.896	/	1.748
	=	2.23

Avitar's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2007 is calculated as

LT Debt to Total Assets (Q: Dec. 2007 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2007 )	/	Total Assets (Q: Dec. 2007 )
	=	4.067	/	1.452
	=	2.80

Avitar (OTCPK:AVTI) 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.

Avitar LT-Debt-to-Total-Asset Related Terms

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Avitar (Avitar) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Avitar Inc (OTCPK:AVTI) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

5005 Elbow Drive SW, Suite 207, Calgary, AB, CAN, T2S 1T9

Website

Avitar Inc, through its subsidiary Avitar Technologies, develops, manufactures, and markets products for oral fluid diagnostics, disease and clinical testing, and wound treating.