Vinco Ventures (Vinco Ventures) LT-Debt-to-Total-Asset : 0.03 (As of Sep. 2022)

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What is Vinco 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. Vinco Ventures's long-term debt to total assests ratio for the quarter that ended in Sep. 2022 was 0.03.

Vinco Ventures's long-term debt to total assets ratio increased from Sep. 2021 (0.01) to Sep. 2022 (0.03). It may suggest that Vinco Ventures is progressively becoming more dependent on debt to grow their business.

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

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

Vinco Ventures Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

LT-Debt-to-Total-Asset

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0.68

0.12

0.14

0.12

0.01

Vinco Ventures Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.01	0.09	0.12	0.03

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

Vinco Ventures's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2021 is calculated as

LT Debt to Total Assets (A: Dec. 2021 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2021 )	/	Total Assets (A: Dec. 2021 )
	=	2.692	/	405.143
	=	0.01

Vinco Ventures's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2022 is calculated as

LT Debt to Total Assets (Q: Sep. 2022 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2022 )	/	Total Assets (Q: Sep. 2022 )
	=	3.009	/	117.209
	=	0.03

Vinco Ventures (OTCPK:BBIG) 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.

Vinco Ventures LT-Debt-to-Total-Asset Related Terms

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Vinco Ventures (Vinco Ventures) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Vinco Ventures Inc (OTCPK:BBIG) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

6 North Main Street, Fairport, NY, USA, 14450

Website

https://investors.vincoventures.com

Vinco Ventures Incis a vertically-integrated, end-to-end, consumer product research and development, manufacturing, sales and fulfillment company. It offers kitchenware, small appliances, toys, pet care, baby products, health and beauty aids, entertainment venue merchandise, and housewares to retailers, mass-market retailers, and e-commerce sites; and personal protective equipment to governmental agencies, hospitals, and distributors. The company also offers Lomotif app that allows its users to create their own music videos; Cortex, a real-time analytics for marketing spend and revenue optimization; and delivers ad-campaign creation, optimalization, and monetization at scale.

Executives

James Robertson	officer: Chief Executive Officer	24 ASPEN PARK BLVD, EAST SYRACUSE NY 13057
Christopher Vincent Polimeni	officer: Chief Financial Officer	24 ASPEN PARK BLVD., EAST SYRACUSE NY 13057
Lisa A. King	director	19 CAPSTONE RISE, ROCHESTER NY 14625
Richard Levychin	director	189 MONTAGUE STREET, APT. 28A, BROOKLYN NY 11201
Phillip Anthony Mcfillin	other: Legal counsel	116 KINGS HIGHWAY EAST, SUITE 2A, HADDONFIELD NJ 08033
Kevin J O'donnell	director	91 OAKLEIGH LANE, MAITLAND FL 32751
Christopher Ferguson	director, 10 percent owner, officer: Chairman and CEO	1866 LEITHSVILLE ROAD, SUITE 223, HALLERTOWN PA 18055
Stuart J. Ferguson	10 percent owner	125 S DELAWARE DR, LOT 6, EASTON PA 18042
Thomas S. Ferguson	10 percent owner	500 FAIRBANKS AVENUE, PHILLIPSBURG NJ 08865
Kevin James Ferguson	officer: President and Treasurer	20 INDUSTRIAL ROAD, ALPHA NJ 08865
Toper Taylor	director	C/O EDISON NATION, INC., 909 NEW BRUNSWICK AVENUE, PHILLIPSBURG NJ 08865
Frank D Jennings	director	1739 SAILMAKER STREET, CHARLESTON SC 29492
Louis Foreman	director	520 ELLIOT STREET, CHARLOTTE NC 28202
Vroman Brett Earl James	officer: Chief Financial Officer	C/O EDISON NATION, INC., 909 NEW BRUNSWICK AVENUE, PHILLIPSBURG NJ 08865
Lelainya D. Ferguson	10 percent owner	1758 RED HAWK WAY, BETHLEHEM PA 10015