BANT (Bantec) LT-Debt-to-Total-Asset : 22.55 (As of Jun. 2024)

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What is Bantec 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. Bantec's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 22.55.

Bantec's long-term debt to total assets ratio increased from Jun. 2023 (0.46) to Jun. 2024 (22.55). It may suggest that Bantec is progressively becoming more dependent on debt to grow their business.

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

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

Bantec Annual Data

Trend

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

LT-Debt-to-Total-Asset

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1.18

2.53

0.23

0.17

18.02

Bantec Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.46	18.02	13.91	14.88	22.55

Bantec LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2023 )	/	Total Assets (A: Sep. 2023 )
	=	8.936	/	0.496
	=	18.02

Bantec'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 )
	=	9.021	/	0.4
	=	22.55

Bantec (OTCPK:BANT) 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.

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

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Bantec Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Bantec Inc (OTCPK:BANT) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

37 Main Street, Sparta, NJ, USA, 07871

Website

http://www.bantecinc.com

Bantec Inc along with its subsidiaries provides unmanned aerial vehicles (UAV) and related services. Principally, it is engaged in the business of research, design, development, testing, manufacturing, distribution, exportation, and integration of low-altitude UAV systems, services, and products. The company also provides procurement, distribution, and logistics services. It focuses on distributing, Drones and related services and Environmental/Construction products and services. The Company has operations based in Sparta, New Jersey and Vancouver, Washington.

Executives

Michael John Bannon	director, 10 percent owner, officer: President and CEO	138 4TH AVE, MILFORD CT 00460
Rodrigo Rangel Kuntz	director	AV. HENRIQUE PERES, 68 SL 03, MOGI DOS CRUZES D5 08735-400