AMTFF (Ameritrust Financial Technologies) LT-Debt-to-Total-Asset : 0.00 (As of Sep. 2024)

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What is Ameritrust Financial Technologies 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. Ameritrust Financial Technologies's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.00.

Ameritrust Financial Technologies's long-term debt to total assets ratio declined from Sep. 2023 (0.23) to Sep. 2024 (0.00). It may suggest that Ameritrust Financial Technologies is progressively becoming less dependent on debt to grow their business.

Ameritrust Financial Technologies LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ameritrust Financial Technologies'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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Ameritrust Financial Technologies LT-Debt-to-Total-Asset Chart

Ameritrust Financial Technologies Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.48

0.27

0.24

0.15

0.29

Ameritrust Financial Technologies 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															0.23	0.29	0.31	-	-

Ameritrust Financial Technologies LT-Debt-to-Total-Asset Calculation

Ameritrust Financial Technologies'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 )
	=	1.457	/	5.117
	=	0.28

Ameritrust Financial Technologies'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 )
	=	0	/	2.568
	=	0.00

Ameritrust Financial Technologies (OTCPK:AMTFF) 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.

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Ameritrust Financial Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ameritrust Financial Technologies Inc (OTCPK:AMTFF) » Definitions » LT-Debt-to-Total-Asset

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1ZV:Germany AMT:Canada

Address

1100 Burloak Drive, Suite 300, Burlington, ON, CAN, L7L 6B2

Website

https://www.ameritrust.com

Ameritrust Financial Technologies Inc is a technology provider. It has developed a powerful suite of cloud-based transaction platforms to buy, sell, trade, finance, and lease new and used vehicles, which includes real-time appraisal services, market information, and financing solutions.