AS-IP Tech (AS-IP Tech) LT-Debt-to-Total-Asset : 0.00 (As of Mar. 2023)

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What is AS-IP Tech 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. AS-IP Tech's long-term debt to total assests ratio for the quarter that ended in Mar. 2023 was 0.00.

AS-IP Tech's long-term debt to total assets ratio declined from Mar. 2022 (8.11) to Mar. 2023 (0.00). It may suggest that AS-IP Tech is progressively becoming less dependent on debt to grow their business.

AS-IP Tech LT-Debt-to-Total-Asset Historical Data

The historical data trend for AS-IP Tech'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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AS-IP Tech LT-Debt-to-Total-Asset Chart

AS-IP Tech Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

LT-Debt-to-Total-Asset

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3.93

11.32

AS-IP Tech Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															8.11	11.32	52.40	39.05	-

AS-IP Tech LT-Debt-to-Total-Asset Calculation

AS-IP Tech's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2022 is calculated as

LT Debt to Total Assets (A: Jun. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2022 )	/	Total Assets (A: Jun. 2022 )
	=	1.506	/	0.133
	=

AS-IP Tech's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (Q: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2023 )	/	Total Assets (Q: Mar. 2023 )
	=	0	/	0.029
	=	0.00

AS-IP Tech (OTCPK:IPTK) 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.

AS-IP Tech LT-Debt-to-Total-Asset Related Terms

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AS-IP Tech (AS-IP Tech) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » AS-IP Tech Inc (OTCPK:IPTK) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1/15 Castles Drive, Torquay, VIC, AUS, 3228

Website

https://www.asiptech.com

AS-IP Tech Inc is engaged in creating in-flight connectivity systems that utilize Bluetooth Smart technology as a low-cost alternative to the traditionally expensive Wi-Fi platform. The company's technology consists of two products BizjetMobile and fflya. BizjetMobile provides corporate jets with an alternative global inflight connectivity solution and is marketed under the brand names CHiiMP and BizjetInternet. These are mobile apps that deliver optimized inflight text and email for passengers and crew; and fflya provides airlines with an inflight connectivity approach based on the latest mobile app technology, narrowband satellite links, and BlueTooth technology. The fflya platform reduces the installation, certification and equipment costs by up to 90% compared to inflight broadband.

Executives

Richard Lukso	director	5610 VIA ARBOLADA, TUCSON AZ 85750
Philip Andrew Shiels	director, officer: Chief Financial Officer	88 ELGIN STREET, HAWTHORN C3 3122
Ronald John Chapman	director, 10 percent owner, officer: Chief Executive Officer	160 SILVAN ROAD, WATTLE GLEN C3 3096
Graham Owen Chappell	director	5 MARINE PARADE, STE 2, ST KILDA, VICTORIA C3 3182
Van Der Griend Eric Paul	10 percent owner	100 BARKLY STREET, ST. KILDA C3 3182

AS-IP Tech (AS-IP Tech) Headlines

From GuruFocus

ASIP Tech announces new STC for fflya.

By PRNewswire PRNewswire • 05-08-2023

AS-IP Tech, Inc. Makes Aviation History

By PRNewswire PRNewswire • 11-30-2021

ASIP Tech selected by Wizz Air for free inflight connectivity

By PRNewswire PRNewswire • 07-03-2022

ASIP Tech selected by Wizz Air for free inflight connectivity

By PRNewswire PRNewswire • 06-03-2022

ASIP Tech selected by Wizz Air for free inflight connectivity

By PRNewswire PRNewswire • 06-23-2022

ASIP Tech selected by Wizz Air for free inflight connectivity

By PRNewswire PRNewswire • 06-13-2022

ASIP Tech selected by Wizz Air for free inflight connectivity

By PRNewswire PRNewswire • 07-13-2022