Bioasis Technologies (FRA:107) LT-Debt-to-Total-Asset : 0.41 (As of Nov. 2022)

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What is Bioasis 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. Bioasis Technologies's long-term debt to total assests ratio for the quarter that ended in Nov. 2022 was 0.41.

Bioasis Technologies's long-term debt to total assets ratio increased from Nov. 2021 (0.17) to Nov. 2022 (0.41). It may suggest that Bioasis Technologies is progressively becoming more dependent on debt to grow their business.

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

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

Bioasis Technologies Annual Data

Trend

Feb13

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

LT-Debt-to-Total-Asset

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0.55

0.02

0.18

Bioasis Technologies Quarterly Data
	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.17	0.18	0.21	0.22	0.41

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

Bioasis 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 )
	=	0.279	/	1.571
	=	0.18

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

LT Debt to Total Assets (Q: Nov. 2022 )	=	Long-Term Debt & Capital Lease Obligation (Q: Nov. 2022 )	/	Total Assets (Q: Nov. 2022 )
	=	0.52	/	1.285
	=	0.40

Bioasis Technologies (FRA:107) 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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Bioasis Technologies (FRA:107) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Bioasis Technologies Inc (FRA:107) » Definitions » LT-Debt-to-Total-Asset

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Address

157 Church Street, 19th Floor, New Haven, CT, USA, 06510

Website

https://www.bioasis.us

Bioasis Technologies Inc is a development stage biopharmaceutical company. It is engaged in the research and development of products for the diagnosis and treatment of neurological diseases and disorders. The company has worked on a blood-brain barrier program and studies disorders in the brain. The company's xB3 program describes its proprietary carrier, for the delivery of therapeutics across the blood-brain barrier and the treatment of CNS disorders in areas of high unmet medical need, including brain cancers and neurodegenerative diseases. The company's in-house development programs are designed to develop symptomatic and disease-modifying treatments for brain-related diseases and disorders.

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