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Kindcard (Kindcard) LT-Debt-to-Total-Asset : 0.92 (As of Jan. 2024)


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What is Kindcard 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. Kindcard's long-term debt to total assests ratio for the quarter that ended in Jan. 2024 was 0.92.

Kindcard's long-term debt to total assets ratio increased from Jan. 2023 (0.52) to Jan. 2024 (0.92). It may suggest that Kindcard is progressively becoming more dependent on debt to grow their business.


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

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

Kindcard Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial - - 0.94 0.52 0.92

Kindcard Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.52 0.55 0.59 0.84 0.92

Kindcard LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Jan. 2024 )=Long-Term Debt & Capital Lease Obligation (A: Jan. 2024 )/Total Assets (A: Jan. 2024 )
=0.15/0.163
=0.92

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

LT Debt to Total Assets (Q: Jan. 2024 )=Long-Term Debt & Capital Lease Obligation (Q: Jan. 2024 )/Total Assets (Q: Jan. 2024 )
=0.15/0.163
=0.92

* 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.


Kindcard  (OTCPK:KCRD) 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.


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

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Kindcard (Kindcard) Business Description

Traded in Other Exchanges
N/A
Address
1001 Yamato Road, Suite 100, Boca Raton, FL, USA, 33496
Kindcard Inc is the payment platform of the future. It offers a more secure and less expensive way for businesses to accept payment for services or products, rather than using cash, conventional checks or credit cards. It is providing proprietary stored value programs to small and mid-sized entities, chain stores, and other multi-location environments via its host-capture processing system.

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