DUOT (Duos Technologies Group) LT-Debt-to-Total-Asset : 0.26 (As of Sep. 2024)

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What is Duos Technologies Group 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. Duos Technologies Group's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.26.

Duos Technologies Group's long-term debt to total assets ratio declined from Sep. 2023 (0.32) to Sep. 2024 (0.26). It may suggest that Duos Technologies Group is progressively becoming less dependent on debt to grow their business.

Duos Technologies Group LT-Debt-to-Total-Asset Historical Data

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

Duos Technologies Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.05

0.14

0.50

0.35

0.33

Duos Technologies Group Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.32	0.33	0.33	0.19	0.26

Duos Technologies Group LT-Debt-to-Total-Asset Calculation

Duos Technologies Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	4.229	/	12.842
	=	0.33

Duos Technologies Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	5.61	/	22.025
	=	0.25

Duos Technologies Group (NAS:DUOT) 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.

Duos Technologies Group LT-Debt-to-Total-Asset Related Terms

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Duos Technologies Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Duos Technologies Group Inc (NAS:DUOT) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

7660 Centurion Parkway, Suite 100, Jacksonville, FL, USA, 32256

Website

https://www.duostech.com

Duos Technologies Group Inc operating under its brand name duostech, designs, develops, deploys and operates intelligent technology solutions supporting rail, logistics and intermodal businesses that streamline operations, improve safety and reduce costs. The company's main offering, the Railcar Inspection Portal (RIP), provides both freight and transit railroad customers and select government agencies the ability to conduct fully automated railcar inspections of trains while they are moving at full speed. It has also developed the Automated Logistics Information System (ALIS) which automates gatehouse operations where transport trucks enter and exit large logistics and intermodal facilities. Its segments are Rail, Commercial, Governments, Banking and AI.

Executives

Charles Parker Ferry	director, officer: Chief Executive Officer	6622 SOUTHPOINT DRIVE SOUTH, SUITE 310, JACKSONVILLE FL 32216
Frank A Lonegro	director	500 WATER STREET, JACKSONVILLE FL 32202
James Craig Nixon	director	7859 SOUTHDOWN ROAD, ALEXANDRIA VA 22308
Ned Mavrommatis	director	C/O ID SYSTEMS INC, ONE UNIVERSITY PLAZA, HACKENSACK NJ 07601
Kenneth S Ehrman	director	C/O ID SYSTEMS INC, ONE UNIVERSITY PLAZA, HACKENSACK NJ 07601
Andrew Winslow Murphy	officer: CFO	C/O DUOS TECHNOLOGIES, 7660 CENTURION PKWY, STE 100, JACKSONVILLE FL 32256
Adrian Graham Goldfarb	other: Former CFO	7660 CENTURION PARKWAY, SUITE 100, JACKSONVILLE FL 32256
Norman H Pessin	10 percent owner	C/O LEVY, HARKINS & CO., INC., 366 MADISON AVENUE, 14TH FLOOR, NEW YORK NY 10017
Bleichroeder Lp	10 percent owner	1345 AVENUE OF THE AMERICAS, 47TH FLOOR, NEW YORK NY 10105
Edmond L Harris	director	500 WATER STREET, JACKSONVILLE FL 32202
Gianni B Arcaini	director, officer: Chairman & CEO	6622 SOUTHPOINT DRIVE SOUTH, SUITE 310, JACKSONVILLE FL 32216
21 April Fund, Ltd.	10 percent owner	Citco Fund Services (Cayman Islands) Ltd, Regatta Office Park West Bay Road, GRAND CAYMAN E9 KY1-1205
Brian L. Pessin	10 percent owner	310 EAST 75TH STREET, APT. 2A, NEW YORK NY 10021
Sandra F Pessin	10 percent owner	C/O NORMAN PESSIN, 366 MADISON AVENUE, 14TH FLOOR, NEW YORK NY 10017
Weeks Connie L.	officer: Chief Accounting Officer	6858 PLUM LAKE LN. E., JACKSONVILLE FL 32222