BWMY (BorrowMoney.com) LT-Debt-to-Total-Asset: 81.14 (As of Feb. 2024)

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What is BorrowMoney.com LT-Debt-to-Total-Asset?

BorrowMoney.com BWMY LT-Debt-to-Total-Asset is 81.14 as of Feb. 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. BorrowMoney.com's long-term debt to total assests ratio for the quarter that ended in Feb. 2024 was 81.14.

BorrowMoney.com's long-term debt to total assets ratio increased from Feb. 2023 (0.00) to Feb. 2024 (81.14). It may suggest that BorrowMoney.com is progressively becoming more dependent on debt to grow their business.

BorrowMoney.com  (OTCPK:BWMY) 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.

BorrowMoney.com LT-Debt-to-Total-Asset Related Terms

BorrowMoney.com LT-Debt-to-Total-Asset Historical Data

* Premium members only.

The historical data trend for BorrowMoney.com'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.

BorrowMoney.com LT-Debt-to-Total-Asset Chart

BorrowMoney.com Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial 0.00 0.00 0.00 0.00 0.23

BorrowMoney.com Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 0.00 0.00 0.23 1.63 81.14

BorrowMoney.com LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Aug. 2023 )=Long-Term Debt & Capital Lease Obligation (A: Aug. 2023 )/Total Assets (A: Aug. 2023 )
=0.013/0.056
=

BorrowMoney.com's Long-Term Debt to Total Asset Ratio for the quarter that ended in Feb. 2024 is calculated as

LT Debt to Total Assets (Q: Feb. 2024 )=Long-Term Debt & Capital Lease Obligation (Q: Feb. 2024 )/Total Assets (Q: Feb. 2024 )
=0.568/0.007
=

* 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 81.14 mean?
BorrowMoney.com (BWMY) has a LT-Debt-to-Total-Asset of 81.14 as of Feb. 2024. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on BorrowMoney.com and its competitors.
Is BorrowMoney.com's LT-Debt-to-Total-Asset too high?
BorrowMoney.com's current LT-Debt-to-Total-Asset is 81.14.
How does BorrowMoney.com's LT-Debt-to-Total-Asset compare to CHWWQ and V?
BorrowMoney.com's LT-Debt-to-Total-Asset of 81.14 can be compared against companies in the Credit Services 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 a Credit Services company?
A good LT-Debt-to-Total-Asset depends on the Credit Services 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 BorrowMoney.com and its competitors. BorrowMoney.com's current LT-Debt-to-Total-Asset is 81.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BorrowMoney.com stock overvalued right now?
BorrowMoney.com (BWMY) has a current LT-Debt-to-Total-Asset of 81.14. The current LT-Debt-to-Total-Asset is 81.14. 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 BorrowMoney.com (BWMY), the current LT-Debt-to-Total-Asset is 81.14 as of Feb. 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.

BorrowMoney.com Business Description

Address 512 Bayshore Drive, Fort Lauderdale, FL, USA, 33304
BorrowMoney.com Inc operates an online loan marketplace for consumers seeking loans and other credit-based offerings. Its online marketplace provides consumers with access to product offerings from active lenders. It offers products in two categories including mortgage products and non-mortgage products. The mortgage products category includes the purchase and refinances products. Non-mortgage products include credit cards, personal loans, home equity loans, reverse mortgage loans, auto loans, small business loans, student loans, deposit accounts, home improvement referrals and other credit products such as credit repair and debt settlement.