NGMDF (NuGen Medical Devices) LT-Debt-to-Total-Asset : 1.22 (As of Sep. 2024)

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What is NuGen Medical Devices 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. NuGen Medical Devices's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 1.22.

NuGen Medical Devices's long-term debt to total assets ratio increased from Sep. 2023 (0.63) to Sep. 2024 (1.22). It may suggest that NuGen Medical Devices is progressively becoming more dependent on debt to grow their business.

NuGen Medical Devices LT-Debt-to-Total-Asset Historical Data

The historical data trend for NuGen Medical Devices'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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NuGen Medical Devices LT-Debt-to-Total-Asset Chart

NuGen Medical Devices Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.32

0.63

1.05

0.82

NuGen Medical Devices Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial												0.63	0.82	0.94	1.25	1.22

NuGen Medical Devices LT-Debt-to-Total-Asset Calculation

NuGen Medical Devices's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	4.26	/	5.177
	=	0.82

NuGen Medical Devices's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	13.834	/	11.339
	=	1.22

NuGen Medical Devices (OTCPK:NGMDF) 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.

NuGen Medical Devices LT-Debt-to-Total-Asset Related Terms

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NuGen Medical Devices Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » NuGen Medical Devices Inc (OTCPK:NGMDF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

79O:Germany NGMD:Canada

Address

18 King Street East, Suite 1400, Toronto, ON, CAN, M5C 1C4

Website

https://www.nugenmd.com

NuGen Medical Devices Inc is a medical device manufacturing company specializing in the field of needleless injections and related technologies. The reportable segment of the company is the manufacturing of needless injector devices. Geographically the company generates revenue from Europe followed by Asia, North America and others.