EVIO (EVIO) LT-Debt-to-Total-Asset: 1.14 (As of Jun. 2020)


What is EVIO LT-Debt-to-Total-Asset?

EVIO EVIO -98.00% LT-Debt-to-Total-Asset is 1.14 as of Jun. 2020.

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. EVIO's long-term debt to total assests ratio for the quarter that ended in Jun. 2020 was 1.14.

EVIO's long-term debt to total assets ratio increased from Jun. 2019 (0.43) to Jun. 2020 (1.14). It may suggest that EVIO is progressively becoming more dependent on debt to grow their business.

EVIO  (OTCPK:EVIO) 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.

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

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

* Premium members only.

The historical data trend for EVIO'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.

EVIO LT-Debt-to-Total-Asset Chart

EVIO Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19
LT-Debt-to-Total-Asset
0.00 0.40 0.23 0.27 0.83

EVIO Quarterly Data
Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20
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 0.43 0.83 0.91 1.02 1.14

EVIO LT-Debt-to-Total-Asset Calculation

EVIO's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2019 is calculated as

LT Debt to Total Assets (A: Sep. 2019 )=Long-Term Debt & Capital Lease Obligation (A: Sep. 2019 )/Total Assets (A: Sep. 2019 )
=6.93/8.386
=0.83

EVIO's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2020 is calculated as

LT Debt to Total Assets (Q: Jun. 2020 )=Long-Term Debt & Capital Lease Obligation (Q: Jun. 2020 )/Total Assets (Q: Jun. 2020 )
=7.823/6.853
=1.14

* 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 1.14 mean?
EVIO (EVIO) has a LT-Debt-to-Total-Asset of 1.14 as of Jun. 2020. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on EVIO and its competitors.
Is EVIO's LT-Debt-to-Total-Asset too high?
EVIO's current LT-Debt-to-Total-Asset is 1.14.
How does EVIO's LT-Debt-to-Total-Asset compare to VCBD and ACCA?
EVIO's LT-Debt-to-Total-Asset of 1.14 can be compared against companies in the Drug Manufacturers 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 Drug Manufacturers company?
A good LT-Debt-to-Total-Asset depends on the Drug Manufacturers 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 EVIO and its competitors. EVIO's current LT-Debt-to-Total-Asset is 1.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is EVIO stock overvalued right now?
EVIO (EVIO) has a current LT-Debt-to-Total-Asset of 1.14. The current LT-Debt-to-Total-Asset is 1.14. 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 EVIO (EVIO), the current LT-Debt-to-Total-Asset is 1.14 as of Jun. 2020. 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.

EVIO Business Description

Address 2654 W. Horizon Ridge Drive Parkway, Suite B5-208, Henderson, NV, USA, 89052
EVIO Inc is a Colorado corporation and a diversified holding company. Its subsidiaries provide analytical testing and advisory services to the emerging legalized cannabis industry. The Company performs analytical testing for cannabis and cannabis-derived products, including hemp and CBD products. Its current operations also include pharmaceutical, environmental, stability, and analytical testing, as well as residential and commercial construction and investments, with operations in the United States and Canada.