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NYWKF (NTG Clarity Networks) LT-Debt-to-Total-Asset : 0.23 (As of Sep. 2024)


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What is NTG Clarity Networks 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. NTG Clarity Networks's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.23.

NTG Clarity Networks's long-term debt to total assets ratio declined from Sep. 2023 (0.58) to Sep. 2024 (0.23). It may suggest that NTG Clarity Networks is progressively becoming less dependent on debt to grow their business.

NTG Clarity Networks LT-Debt-to-Total-Asset Historical Data

The historical data trend for NTG Clarity Networks'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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NTG Clarity Networks LT-Debt-to-Total-Asset Chart

NTG Clarity Networks Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.57 2.12 1.02 0.82 -

NTG Clarity Networks Quarterly Data
Dec19 Mar20 Jun20 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.58 - 0.43 0.34 0.23

NTG Clarity Networks LT-Debt-to-Total-Asset Calculation

NTG Clarity Networks's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )=Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )/Total Assets (A: Dec. 2022 )
=4.914/6.013
=0.82

NTG Clarity Networks'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 )
=4.563/20.21
=0.23

* 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.

NTG Clarity Networks  (OTCPK:NYWKF) 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.

NTG Clarity Networks LT-Debt-to-Total-Asset Related Terms

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NTG Clarity Networks Business Description

Industry
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Traded in Other Exchanges
NCI:Canada
Address
2820 Fourteenth Avenue, Suite 202, Markham, ON, CAN, L3R 0S9
Website
https://www.ntgclarity.com
NTG Clarity Networks Inc provides digital transformation solutions software development outsourcing and software products. The group provides engineering, Information Technology, networking services, and developing niche software products for telecommunications and utilities. It also expanded into the financial and government sectors, providing technical resources and products to assist customers with projects that include digital transformation.