Endexx (Endexx) LT-Debt-to-Total-Asset : 0.06 (As of Jun. 2023)

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What is Endexx 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. Endexx's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.06.

Endexx's long-term debt to total assets ratio declined from Jun. 2022 (0.10) to Jun. 2023 (0.06). It may suggest that Endexx is progressively becoming less dependent on debt to grow their business.

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

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

Endexx Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

LT-Debt-to-Total-Asset

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0.08

0.10

0.14

0.35

Endexx Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.10	0.35	0.68	0.34	0.06

Endexx LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Sep. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2022 )	/	Total Assets (A: Sep. 2022 )
	=	4.588	/	13.278
	=	0.35

Endexx's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (Q: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )	/	Total Assets (Q: Jun. 2023 )
	=	0.761	/	12.163
	=	0.06

Endexx (OTCPK:EDXC) 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.

Endexx LT-Debt-to-Total-Asset Related Terms

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Endexx (Endexx) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Endexx Corp (OTCPK:EDXC) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

38246 North Hazelwood Circle, Cave Creek, AZ, USA, 85331

Website

https://www.cbdunlimited.com

Endexx Corporation formerly known as CBD Unlimited Inc develops CBD-based products. It sells high-end, full-spectrum CBD oils, topicals, and pet products, to support the therapeutic relief of pain and inflammation for humans and pets, through its e-commerce site and other online and in-store retailers. Its product category includes Blesswell, Heritage Line, Topicals, Ingestibles, Maggie's Line, X-Line and Pets.