Binovi Technologies (Binovi Technologies) LT-Debt-to-Total-Asset : 0.03 (As of Feb. 2022)

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What is Binovi Technologies 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. Binovi Technologies's long-term debt to total assests ratio for the quarter that ended in Feb. 2022 was 0.03.

Binovi Technologies's long-term debt to total assets ratio increased from Feb. 2021 (0.00) to Feb. 2022 (0.03). It may suggest that Binovi Technologies is progressively becoming more dependent on debt to grow their business.

Binovi Technologies LT-Debt-to-Total-Asset Historical Data

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

Binovi Technologies Annual Data

Trend

Feb13

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

LT-Debt-to-Total-Asset

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0.01

0.03

Binovi Technologies Quarterly Data
	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	-	-	0.03

Binovi Technologies LT-Debt-to-Total-Asset Calculation

Binovi Technologies's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Feb. 2022 is calculated as

LT Debt to Total Assets (A: Feb. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Feb. 2022 )	/	Total Assets (A: Feb. 2022 )
	=	0.029	/	0.853
	=	0.03

Binovi Technologies's Long-Term Debt to Total Asset Ratio for the quarter that ended in Feb. 2022 is calculated as

LT Debt to Total Assets (Q: Feb. 2022 )	=	Long-Term Debt & Capital Lease Obligation (Q: Feb. 2022 )	/	Total Assets (Q: Feb. 2022 )
	=	0.029	/	0.853
	=	0.03

Binovi Technologies (OTCPK:BNVIF) 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.

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Binovi Technologies (Binovi Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Binovi Technologies Corp (OTCPK:BNVIF) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

1055 West Georgia Street, Suite 1500, Vancouver, BC, CAN, V6E 4N7

Website

https://www.binovi.com

Binovi Technologies Corp is engaged in the development and commercialization of visual and neuro-cognitive processing products and manufacturing hardware and software for diagnosing and remediating visual perception disorders. The company has three geographical segments; the United States, Canada, and Other. it derives a majority of its revenue from the United States.