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


What is Bantec LT-Debt-to-Total-Asset?

Bantec BANT -99.00% LT-Debt-to-Total-Asset is 22.55 as of Jun. 2024.

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  (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

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

* Premium members only.

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.

Bantec LT-Debt-to-Total-Asset Chart

Bantec Annual Data
Trend Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 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

* 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.

Frequently Asked Questions Learn more about LT-Debt-to-Total-Asset →
What does a LT-Debt-to-Total-Asset of 22.55 mean?
Bantec (BANT) has a LT-Debt-to-Total-Asset of 22.55 as of Jun. 2024. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Bantec and its competitors.
Is Bantec's LT-Debt-to-Total-Asset too high?
Bantec's current LT-Debt-to-Total-Asset is 22.55.
How does Bantec's LT-Debt-to-Total-Asset compare to GE and RTX?
Bantec's LT-Debt-to-Total-Asset of 22.55 can be compared against companies in the Aerospace & Defense industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good LT-Debt-to-Total-Asset for an Aerospace & Defense company?
A good LT-Debt-to-Total-Asset depends on the Aerospace & Defense industry context. However, LT-Debt-to-Total-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high LT-Debt-to-Total-Asset mean?
A high LT-Debt-to-Total-Asset can signal that a stock is expensive relative to its fundamentals. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Bantec and its competitors. Bantec's current LT-Debt-to-Total-Asset is 22.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bantec stock overvalued right now?
Bantec (BANT) has a current LT-Debt-to-Total-Asset of 22.55. The current LT-Debt-to-Total-Asset is 22.55. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is LT-Debt-to-Total-Asset calculated?
LT-Debt-to-Total-Asset is calculated from a company's financial statements. For Bantec (BANT), the current LT-Debt-to-Total-Asset is 22.55 as of Jun. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Bantec Business Description

Address 37 Main Street, Sparta, NJ, USA, 07871
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.