WidePoint (FRA:ZMX1) LT-Debt-to-Total-Asset : 0.07 (As of Sep. 2024)

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What is WidePoint 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. WidePoint's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.07.

WidePoint's long-term debt to total assets ratio declined from Sep. 2023 (0.09) to Sep. 2024 (0.07). It may suggest that WidePoint is progressively becoming less dependent on debt to grow their business.

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

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

WidePoint Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.09

0.06

0.08

0.10

0.08

WidePoint 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															0.09	0.08	0.07	0.07	0.07

WidePoint LT-Debt-to-Total-Asset Calculation

WidePoint'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 )
	=	3.773	/	47.042
	=	0.08

WidePoint'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 )
	=	3.333	/	51.285
	=	0.06

WidePoint (FRA:ZMX1) 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.

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

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WidePoint Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » WidePoint Corp (FRA:ZMX1) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

WYY:USA ZMX1:Germany

Address

11250 Waples Mill Road, Suite 210, South Tower, Fairfax, VA, USA, 22030

Website

https://www.widepoint.com

WidePoint Corp is a provider of Technology Management as a Service (TMaaS) that consists of federally certified communications management, identity management, interactive bill presentment and analytics, and Information Technology as a Service solution. Its solutions include Telecom Lifecycle Management, Digital billing communications solutions, and Mobile and Identity management. Geographically the company generates a majority of its revenue from the United States and rest from Europe.

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