Luxxfolio Holdings (Luxxfolio Holdings) LT-Debt-to-Total-Asset : 0.00 (As of Feb. 2024)

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What is Luxxfolio 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. Luxxfolio Holdings's long-term debt to total assests ratio for the quarter that ended in Feb. 2024 was 0.00.

Luxxfolio Holdings's long-term debt to total assets ratio declined from Feb. 2023 (0.05) to Feb. 2024 (0.00). It may suggest that Luxxfolio Holdings is progressively becoming less dependent on debt to grow their business.

Luxxfolio Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Luxxfolio 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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Luxxfolio Holdings LT-Debt-to-Total-Asset Chart

Luxxfolio Holdings Annual Data

Trend

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

LT-Debt-to-Total-Asset

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0.26

0.18

Luxxfolio Holdings Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.05	1.35	-	-	-

Luxxfolio Holdings LT-Debt-to-Total-Asset Calculation

Luxxfolio Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Aug. 2023 is calculated as

LT Debt to Total Assets (A: Aug. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Aug. 2023 )	/	Total Assets (A: Aug. 2023 )
	=	0	/	0.059
	=	0.00

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

LT Debt to Total Assets (Q: Feb. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Feb. 2024 )	/	Total Assets (Q: Feb. 2024 )
	=	0	/	0.033
	=

Luxxfolio Holdings (OTCPK:LUXFF) 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.

Luxxfolio Holdings LT-Debt-to-Total-Asset Related Terms

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Luxxfolio Holdings (Luxxfolio Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Luxxfolio Holdings Inc (OTCPK:LUXFF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

LUH:Germany LUXX:Canada

Address

417 - 1080 Mainland Street, Vancouver, BC, CAN, V6B 2T4

Website

https://www.luxxfolio.com

Luxxfolio Holdings Inc is a vertically-integrated digital asset company based in Canada. It is a digital infrastructure provider for bitcoin mining and data hosting operations. It earns revenue in the form of Cryptocurrency mining and also generates a substantial part of its revenue from hosting third party miners in the form of fixed monthly charges as well as variable charges based on power consumed. Geographically, it is present in Canada and USA, with a majority of its revenue being derived from its operations in USA.