Pender Growth Fund (Pender Growth Fund) LT-Debt-to-Total-Asset : 0.00 (As of Dec. 2023)

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What is Pender Growth Fund 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. Pender Growth Fund's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.00.

Pender Growth Fund's long-term debt to total assets ratio declined from Dec. 2022 (0.06) to Dec. 2023 (0.00). It may suggest that Pender Growth Fund is progressively becoming less dependent on debt to grow their business.

Pender Growth Fund LT-Debt-to-Total-Asset Historical Data

The historical data trend for Pender Growth Fund'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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Pender Growth Fund LT-Debt-to-Total-Asset Chart

Pender Growth Fund Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.06

Pender Growth Fund Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.06	0.05	0.03	-	-

Pender Growth Fund LT-Debt-to-Total-Asset Calculation

Pender Growth Fund'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 )
	=	0	/	55.668
	=	0.00

Pender Growth Fund's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	0	/	55.668
	=	0.00

Pender Growth Fund (OTCPK:PNDDF) 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.

Pender Growth Fund LT-Debt-to-Total-Asset Related Terms

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Pender Growth Fund (Pender Growth Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Pender Growth Fund Inc (OTCPK:PNDDF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

PTF:Canada

Address

1066 West Hastings Street, Suite 1830, Vancouver, BC, CAN, V6E 3X2

Website

https://www.penderfund.com

Pender Growth Fund Inc is an asset management firm. Its investment objective is to achieve long-term capital growth. The company generates its revenue in the form of dividends and interest. The firm invests in public and private companies based in Canada and the U.S., principally in the technology sector.