Principal Technologies (FRA:JO7) LT-Debt-to-Total-Asset : 0.03 (As of Oct. 2024)

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What is Principal 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. Principal Technologies's long-term debt to total assests ratio for the quarter that ended in Oct. 2024 was 0.03.

Principal Technologies's long-term debt to total assets ratio declined from Oct. 2023 (0.05) to Oct. 2024 (0.03). It may suggest that Principal Technologies is progressively becoming less dependent on debt to grow their business.

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

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

Principal Technologies Annual Data

Trend

Jul20

Jul21

Jul22

Jul23

Jul24

LT-Debt-to-Total-Asset

0.08

0.07

0.03

Principal Technologies Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.05	0.04	0.03	0.03	0.03

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

Principal Technologies's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jul. 2024 is calculated as

LT Debt to Total Assets (A: Jul. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jul. 2024 )	/	Total Assets (A: Jul. 2024 )
	=	0.034	/	1.015
	=	0.03

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

LT Debt to Total Assets (Q: Oct. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Oct. 2024 )	/	Total Assets (Q: Oct. 2024 )
	=	0.028	/	0.904
	=	0.03

Principal Technologies (FRA:JO7) 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.

Principal Technologies LT-Debt-to-Total-Asset Related Terms

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Principal Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Principal Technologies Inc (FRA:JO7) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

700 West Georgia Street, Suite 2500, Vancouver, BC, CAN, V7Y 1B3

Website

https://www.principal-technologies.com

Principal Technologies Inc focuses on investment in a healthcare technology company. It is building a diverse portfolio of investments in healthcare technology companies with a focus on those with distribution potential across the world, and have intellectual property capable of enhancing medical treatment, cost efficiency, optimizations of the patient pathway, and implementation of point-of-care technologies. The company operates in one reportable operational segment, being its operations in healthcare technology including the project management of international-scale clinical studies predominantly related to medical device technologies.

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