GenIP (LSE:GNIP) LT-Debt-to-Total-Asset : 0.24 (As of Jun. 2024)

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What is GenIP 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. GenIP's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.24.

GenIP's long-term debt to total assets ratio increased from . 20 (0.00) to Jun. 2024 (0.24). It may suggest that GenIP is progressively becoming more dependent on debt to grow their business.

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

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

GenIP Annual Data

Trend

LT-Debt-to-Total-Asset

GenIP Semi-Annual Data
	Jun24
LT-Debt-to-Total-Asset	0.24

GenIP LT-Debt-to-Total-Asset Calculation

GenIP's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in . 20 is calculated as

LT Debt to Total Assets (A: . 20 )	=	Long-Term Debt & Capital Lease Obligation (A: . 20 )	/	Total Assets (A: . 20 )
	=		/
	=

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

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	0.057	/	0.242
	=

GenIP (LSE:GNIP) 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.

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

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GenIP Business Description

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Address

12 New Fetter Lane, London, GBR, EC4A 1JP

Website

https://www.genip.ai

GenIP PLC engaged in Generative Artificial Intelligence (GenAI), empowers organizations to evaluate and commercialize technology discoveries through two distinct to providing bespoke enhanced research reports assessing the market potential for new technological innovations by using the GenAI-driven proprietary software, InventionEvaluator, and providing executive recruitment services to match technology organizations with experienced executives and business leaders using the GenAI-driven proprietary software, Vortechs.

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