Smart Employee Benefits (Smart Employee Benefits) LT-Debt-to-Total-Asset : 0.65 (As of Aug. 2022)

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What is Smart Employee Benefits 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. Smart Employee Benefits's long-term debt to total assests ratio for the quarter that ended in Aug. 2022 was 0.65.

Smart Employee Benefits's long-term debt to total assets ratio increased from Aug. 2021 (0.54) to Aug. 2022 (0.65). It may suggest that Smart Employee Benefits is progressively becoming more dependent on debt to grow their business.

Smart Employee Benefits LT-Debt-to-Total-Asset Historical Data

The historical data trend for Smart Employee Benefits'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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Smart Employee Benefits LT-Debt-to-Total-Asset Chart

Smart Employee Benefits Annual Data

Trend

Nov12

Nov13

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

LT-Debt-to-Total-Asset

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0.16

0.04

0.57

0.51

Smart Employee Benefits Quarterly Data
	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.54	0.51	0.50	0.63	0.65

Smart Employee Benefits LT-Debt-to-Total-Asset Calculation

Smart Employee Benefits's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Nov. 2021 is calculated as

LT Debt to Total Assets (A: Nov. 2021 )	=	Long-Term Debt & Capital Lease Obligation (A: Nov. 2021 )	/	Total Assets (A: Nov. 2021 )
	=	15.494	/	30.66
	=	0.51

Smart Employee Benefits's Long-Term Debt to Total Asset Ratio for the quarter that ended in Aug. 2022 is calculated as

LT Debt to Total Assets (Q: Aug. 2022 )	=	Long-Term Debt & Capital Lease Obligation (Q: Aug. 2022 )	/	Total Assets (Q: Aug. 2022 )
	=	19.189	/	29.674
	=	0.65

Smart Employee Benefits (OTCPK:SEBFF) 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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Smart Employee Benefits (Smart Employee Benefits) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Smart Employee Benefits Inc (OTCPK:SEBFF) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

5500 Explorer Drive, 4th Floor, Mississauga, ON, CAN, L4W 5C7

Website

https://www.seb-inc.com

Smart Employee Benefits Inc is a Canadian technology company providing software-enabled services in the areas of healthcare transaction processing, software solutions, and professional services for corporate and government clients. The company's business segments are Benefits and Technology. Its Benefits segment provides software, solutions, services, and products focused on managing group benefit and wellness solutions and healthcare claims processing environments for corporate and government clients. The Technology segment provides solutions in the areas of supply change management, integration, and energy, as well as training and resource provisioning. It earns most of its revenue from the Technology segment.