Sixth Wave Innovations (Sixth Wave Innovations) LT-Debt-to-Total-Asset : 0.25 (As of May. 2023)

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What is Sixth Wave Innovations 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. Sixth Wave Innovations's long-term debt to total assests ratio for the quarter that ended in May. 2023 was 0.25.

Sixth Wave Innovations's long-term debt to total assets ratio declined from May. 2022 (0.52) to May. 2023 (0.25). It may suggest that Sixth Wave Innovations is progressively becoming less dependent on debt to grow their business.

Sixth Wave Innovations LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sixth Wave Innovations'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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Sixth Wave Innovations LT-Debt-to-Total-Asset Chart

Sixth Wave Innovations Annual Data

Trend

Aug13

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

LT-Debt-to-Total-Asset

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0.11

0.38

0.51

Sixth Wave Innovations Quarterly Data
	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.52	0.51	0.80	0.23	0.25

Sixth Wave Innovations LT-Debt-to-Total-Asset Calculation

Sixth Wave Innovations's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Aug. 2022 is calculated as

LT Debt to Total Assets (A: Aug. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Aug. 2022 )	/	Total Assets (A: Aug. 2022 )
	=	0.805	/	1.586
	=

Sixth Wave Innovations's Long-Term Debt to Total Asset Ratio for the quarter that ended in May. 2023 is calculated as

LT Debt to Total Assets (Q: May. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: May. 2023 )	/	Total Assets (Q: May. 2023 )
	=	0.227	/	0.912
	=

Sixth Wave Innovations (OTCPK:SIXWF) 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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Sixth Wave Innovations (Sixth Wave Innovations) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sixth Wave Innovations Inc (OTCPK:SIXWF) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

AHU:Germany SIXW:Canada

Address

210 Waterfront Drive Bedford, Suite 110, Nova Scotia, BC, CAN, B4A 0H3

Website

https://www.sixthwave.com

Sixth Wave Innovations Inc is a nanotechnology company that uses patented Molecularly Imprinted Polymers (MIPs) for imprinting, capturing, and releasing substances at the molecular level. Its current products are in the process of commercialization in gold mining, cannabis production and health and security with rapid virus detection.

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