NETWF (Network Media Group) LT-Debt-to-Total-Asset : 0.02 (As of Aug. 2024)

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What is Network Media Group 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. Network Media Group's long-term debt to total assests ratio for the quarter that ended in Aug. 2024 was 0.02.

Network Media Group's long-term debt to total assets ratio declined from Aug. 2023 (0.02) to Aug. 2024 (0.02). It may suggest that Network Media Group is progressively becoming less dependent on debt to grow their business.

Network Media Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Network Media Group'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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Network Media Group LT-Debt-to-Total-Asset Chart

Network Media Group Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

LT-Debt-to-Total-Asset

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0.01

0.07

0.04

0.02

Network Media Group Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	0.02	0.03	0.02	0.02

Network Media Group LT-Debt-to-Total-Asset Calculation

Network Media Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Nov. 2023 is calculated as

LT Debt to Total Assets (A: Nov. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Nov. 2023 )	/	Total Assets (A: Nov. 2023 )
	=	0.274	/	14.466
	=	0.02

Network Media Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Aug. 2024 is calculated as

LT Debt to Total Assets (Q: Aug. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Aug. 2024 )	/	Total Assets (Q: Aug. 2024 )
	=	0.27	/	13.307
	=	0.02

Network Media Group (OTCPK:NETWF) 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.

Network Media Group LT-Debt-to-Total-Asset Related Terms

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Network Media Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Network Media Group Inc (OTCPK:NETWF) » Definitions » LT-Debt-to-Total-Asset

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NTE:Canada

Address

1525 West 8 Avenue, Suite 207, Vancouver, BC, CAN, V6C 1T5

Website

https://www.networkentertainment.ca

Network Media Group Inc is a television, film, and NFT production company. Through its subsidiaries, the company is engaged in the development and production of entertainment content. The company develops and produces film, and television and NFT properties in addition to providing production services to third parties. The principal business of the company is the development, financing, production, marketing and distribution of documentaries and docu-series. Network NFT Studios collaborates with IP owners, artists and top talent to create engagement campaigns using non-fungible tokens.

Network Media Group Headlines

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