SinglePoint (SinglePoint) LT-Debt-to-Total-Asset : 0.10 (As of Sep. 2023)

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What is SinglePoint 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. SinglePoint's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.10.

SinglePoint's long-term debt to total assets ratio declined from Sep. 2022 (0.13) to Sep. 2023 (0.10). It may suggest that SinglePoint is progressively becoming less dependent on debt to grow their business.

SinglePoint LT-Debt-to-Total-Asset Historical Data

The historical data trend for SinglePoint'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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SinglePoint LT-Debt-to-Total-Asset Chart

SinglePoint Annual Data

Trend

Oct08

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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3.47

0.04

0.07

0.33

0.11

SinglePoint Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.13	0.11	0.09	0.10	0.10

SinglePoint LT-Debt-to-Total-Asset Calculation

SinglePoint'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 )
	=	2.025	/	19.12
	=	0.11

SinglePoint's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	1.992	/	19.295
	=	0.10

SinglePoint (BATS:SING) 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.

SinglePoint LT-Debt-to-Total-Asset Related Terms

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SinglePoint (SinglePoint) Business Description

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Address

3104 East Camelback Road, Suite 2137, Phoenix, AZ, USA, 85016

Website

https://www.singlepoint.com

SinglePoint Inc is a renewable and sustainable solution company focused on solar power and indoor air purification. It is committed to building the largest vertically integrated network for the marketing and installation of solar panels in the residential and commercial markets. The company's subsidiary, BOX Pure Air, is engaged in the Indoor Air Quality sector addressing the need for air purification in schools and offices. SinglePoint is exploring future acquisition and growth opportunities in energy storage, electric vehicle charging, solar as a subscription service and additional energy-efficient appliances that enhance sustainability.