Location Based Technologies (Location Based Technologies) LT-Debt-to-Total-Asset : 0.61 (As of May. 2015)

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What is Location Based Technologies 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. Location Based Technologies's long-term debt to total assests ratio for the quarter that ended in May. 2015 was 0.61.

Location Based Technologies's long-term debt to total assets ratio declined from May. 2014 (1.56) to May. 2015 (0.61). It may suggest that Location Based Technologies is progressively becoming less dependent on debt to grow their business.

Location Based Technologies LT-Debt-to-Total-Asset Historical Data

The historical data trend for Location Based Technologies'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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Location Based Technologies LT-Debt-to-Total-Asset Chart

Location Based Technologies Annual Data

Trend

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Aug14

LT-Debt-to-Total-Asset

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0.51

1.72

Location Based Technologies Quarterly Data
	Aug10	Nov10	Feb11	May11	Aug11	Nov11	Feb12	May12	Aug12	Nov12	Feb13	May13	Aug13	Nov13	Feb14	May14	Aug14	Nov14	Feb15	May15
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															1.56	1.72	1.66	0.53	0.61

Location Based Technologies LT-Debt-to-Total-Asset Calculation

Location Based Technologies's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Aug. 2014 is calculated as

LT Debt to Total Assets (A: Aug. 2014 )	=	Long-Term Debt & Capital Lease Obligation (A: Aug. 2014 )	/	Total Assets (A: Aug. 2014 )
	=	3.997	/	2.326
	=	1.72

Location Based Technologies's Long-Term Debt to Total Asset Ratio for the quarter that ended in May. 2015 is calculated as

LT Debt to Total Assets (Q: May. 2015 )	=	Long-Term Debt & Capital Lease Obligation (Q: May. 2015 )	/	Total Assets (Q: May. 2015 )
	=	1.285	/	2.107
	=	0.61

Location Based Technologies (OTCPK:LBAS) 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.

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Location Based Technologies (Location Based Technologies) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Location Based Technologies Inc (OTCPK:LBAS) » Definitions » LT-Debt-to-Total-Asset

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Address

7545 Irvine Center Drive, Suite 200, Irvine, CA, USA, 92618

Website

https://www.locationbasedtech.com

Location Based Technologies Inc is engaged in supplying fleet trackers, a small, affordable, fully sealed vehicle tracking system (combined GPS, wireless, and WiFi technology) designed to track and display vehicles and other mobile assets on the go. It is designed to be quickly installed and features easy-to-use user interfaces, including browser and apps. Its product offering includes PocketFinder. The company generates revenue from Device Sales and Services.

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