Itoco (ITMC) LT-Debt-to-Total-Asset : 0.62 (As of Sep. 2010)

View and export this data going back to 2009. Start your Free Trial

What is Itoco 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. Itoco's long-term debt to total assests ratio for the quarter that ended in Sep. 2010 was 0.62.

Itoco's long-term debt to total assets ratio increased from Sep. 2009 (0.00) to Sep. 2010 (0.62). It may suggest that Itoco is progressively becoming more dependent on debt to grow their business.

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

The historical data trend for Itoco'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.

* Premium members only.

Itoco LT-Debt-to-Total-Asset Chart

Itoco Annual Data

Trend

Dec08

Dec09

LT-Debt-to-Total-Asset

0.19

0.34

Itoco Quarterly Data
	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial						-	0.34	0.34	0.44	0.62

Itoco LT-Debt-to-Total-Asset Calculation

Itoco's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2009 is calculated as

LT Debt to Total Assets (A: Dec. 2009 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2009 )	/	Total Assets (A: Dec. 2009 )
	=	1.101	/	3.28
	=	0.34

Itoco's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2010 is calculated as

LT Debt to Total Assets (Q: Sep. 2010 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2010 )	/	Total Assets (Q: Sep. 2010 )
	=	1.195	/	1.915
	=	0.62

Itoco (OTCPK:ITMC) 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.

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

Thank you for viewing the detailed overview of Itoco's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Itoco (ITMC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Itoco Inc (OTCPK:ITMC) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

50 West Liberty Street, Suite 880, Reno, NV, USA, 89501

Website

https://www.itoco.net

Itoco Inc is focused on developing and bringing biotech products to the market via co-development and joint venture arrangements with various companies. The company is currently examining various technologies that seek to control and/or identify bio-contaminants such as viruses and bacteria.