Strategic Asset Leasing (Strategic Asset Leasing) LT-Debt-to-Total-Asset : 0.11 (As of Dec. 2092)

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What is Strategic Asset Leasing 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. Strategic Asset Leasing's long-term debt to total assests ratio for the quarter that ended in Dec. 2092 was 0.11.

Strategic Asset Leasing's long-term debt to total assets ratio declined from Dec. 2091 (0.12) to Dec. 2092 (0.11). It may suggest that Strategic Asset Leasing is progressively becoming less dependent on debt to grow their business.

Strategic Asset Leasing LT-Debt-to-Total-Asset Historical Data

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

Strategic Asset Leasing Annual Data

Trend

Dec89

Dec90

Dec91

Dec92

LT-Debt-to-Total-Asset

0.12

0.11

Strategic Asset Leasing Quarterly Data
	Mar89	Jun89	Sep89	Dec89	Mar90	Jun90	Sep90	Dec90	Mar91	Jun91	Sep91	Dec91	Mar92	Jun92	Sep92	Dec92
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial											0.12	-	-	-	0.11

Strategic Asset Leasing LT-Debt-to-Total-Asset Calculation

Strategic Asset Leasing's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2092 is calculated as

LT Debt to Total Assets (A: Dec. 2092 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2092 )	/	Total Assets (A: Dec. 2092 )
	=	0.9	/	8.2
	=	0.11

Strategic Asset Leasing's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2092 is calculated as

LT Debt to Total Assets (Q: Dec. 2092 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2092 )	/	Total Assets (Q: Dec. 2092 )
	=	0.9	/	8.2
	=

Strategic Asset Leasing (OTCPK:LEAS) 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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Strategic Asset Leasing (Strategic Asset Leasing) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Strategic Asset Leasing Inc (OTCPK:LEAS) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

13576 Walnut Street, Suite A, Omaha, NE, USA, 68144

Website

https://www.anewmeds.com

Strategic Asset Leasing Inc is a United States-based development stage company. It is principally focused on the business activities to engage in the leasing and rental of general and miscellaneous business equipment.