Life Electric Vehicles Holdings (Life Electric Vehicles Holdings) LT-Debt-to-Total-Asset : 0.28 (As of Aug. 2023)

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What is Life Electric Vehicles Holdings 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. Life Electric Vehicles Holdings's long-term debt to total assests ratio for the quarter that ended in Aug. 2023 was 0.28.

Life Electric Vehicles Holdings's long-term debt to total assets ratio increased from Feb. 2008 (0.00) to Aug. 2023 (0.28). It may suggest that Life Electric Vehicles Holdings is progressively becoming more dependent on debt to grow their business.

Life Electric Vehicles Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Life Electric Vehicles Holdings'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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Life Electric Vehicles Holdings LT-Debt-to-Total-Asset Chart

Life Electric Vehicles Holdings Annual Data

Trend

Nov98

Nov99

Nov00

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Nov07

LT-Debt-to-Total-Asset

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0.17

Life Electric Vehicles Holdings Quarterly Data
	May04	Aug04	Nov04	Feb05	May05	Aug05	Nov05	Feb06	May06	Aug06	Nov06	Feb07	May07	Aug07	Nov07	Feb08	May08	Aug08	Aug22	Aug23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	-	-	0.28

Life Electric Vehicles Holdings LT-Debt-to-Total-Asset Calculation

Life Electric Vehicles Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Nov. 2007 is calculated as

LT Debt to Total Assets (A: Nov. 2007 )	=	Long-Term Debt & Capital Lease Obligation (A: Nov. 2007 )	/	Total Assets (A: Nov. 2007 )
	=	0	/	5.623
	=	0.00

Life Electric Vehicles Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Aug. 2023 is calculated as

LT Debt to Total Assets (Q: Aug. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Aug. 2023 )	/	Total Assets (Q: Aug. 2023 )
	=	1.05	/	3.802
	=	0.28

Life Electric Vehicles Holdings (OTCPK:LFEV) 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.

Life Electric Vehicles Holdings LT-Debt-to-Total-Asset Related Terms

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Life Electric Vehicles Holdings (Life Electric Vehicles Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Life Electric Vehicles Holdings Inc (OTCPK:LFEV) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

460 Hillsboro Technology Drive, Deerfield Beach, FL, USA, 33441

Website

https://www.lifeelectricvehicles.com

Life Electric Vehicles Holdings Inc is a developer, manufacturer, and distributor in the light electric vehicle industry. The business model includes the launching, acquisition, and consolidation of multiple brands of e-bikes, e-trikes, e-scooters, and light EV companies to become an industry leader in the American micro-mobility market.

Life Electric Vehicles Holdings (Life Electric Vehicles Holdings) Headlines

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