SSC Security Services (SSC Security Services) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2023)

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What is SSC Security Services 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. SSC Security Services's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.01.

SSC Security Services's long-term debt to total assets ratio declined from Dec. 2022 (0.01) to Dec. 2023 (0.01). It may suggest that SSC Security Services is progressively becoming less dependent on debt to grow their business.

SSC Security Services LT-Debt-to-Total-Asset Historical Data

The historical data trend for SSC Security Services'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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SSC Security Services LT-Debt-to-Total-Asset Chart

SSC Security Services Annual Data

Trend

Mar14

Mar15

Mar16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

LT-Debt-to-Total-Asset

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0.18

0.09

0.01

SSC Security Services 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															0.01	0.01	0.01	0.01	0.01

SSC Security Services LT-Debt-to-Total-Asset Calculation

SSC Security Services's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (A: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2023 )	/	Total Assets (A: Sep. 2023 )
	=	0.626	/	62.653
	=	0.01

SSC Security Services'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 )
	=	0.666	/	61.684
	=	0.01

SSC Security Services (OTCPK:SECUF) 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.

SSC Security Services LT-Debt-to-Total-Asset Related Terms

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SSC Security Services (SSC Security Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » SSC Security Services Corp (OTCPK:SECUF) » Definitions » LT-Debt-to-Total-Asset

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SECU:Canada

Address

1914 Hamilton Street, Suite 300, Regina, SK, CAN, S4P 3N6

Website

https://www.securityservicescorp.ca

SSC Security Services Corp is a leading provider of physical and cyber security services to corporate and public sector clients across Canada.

SSC Security Services (SSC Security Services) Headlines

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