INXDF (INX Digital Co) LT-Debt-to-Total-Asset : 0.00 (As of Sep. 2024)

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What is INX Digital Co 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. INX Digital Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.00.

INX Digital Co's long-term debt to total assets ratio declined from Sep. 2023 (0.01) to Sep. 2024 (0.00). It may suggest that INX Digital Co is progressively becoming less dependent on debt to grow their business.

INX Digital Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for INX Digital Co'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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INX Digital Co LT-Debt-to-Total-Asset Chart

INX Digital Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.01

INX Digital Co Quarterly Data
	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											0.01	0.01	0.01	0.01	-

INX Digital Co LT-Debt-to-Total-Asset Calculation

INX Digital Co'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 )
	=	0.479	/	74.828
	=	0.01

INX Digital Co'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 )
	=	0.058	/	67.923
	=	0.00

INX Digital Co (OTCPK:INXDF) 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.

INX Digital Co LT-Debt-to-Total-Asset Related Terms

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INX Digital Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » INX Digital Co Inc (OTCPK:INXDF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

INXD:Canada

Address

5th Sapir Street, Herzelia, ISR, V6C 0A3

Website

https://www.inx.co

INX Digital Co Inc is engaged in the operation and ongoing development of comprehensive infrastructure and regulated solutions for trading and investing in blockchain assets as well as utilizing digital assets as a form of payment. The Company operates in two segments namely Digital asset segment and Brokerage segment. It derives maximum revenue from Digital Asset Segment. The company also facilitates financial transactions between banks across globe and offers a full range of brokerage services to several banking institutions world-wide, mainly in foreign exchange and interest rate derivatives.