SNAVF (Star Navigation Systems Group) LT-Debt-to-Total-Asset : 0.97 (As of Dec. 2024)

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What is Star Navigation Systems Group 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. Star Navigation Systems Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.97.

Star Navigation Systems Group's long-term debt to total assets ratio increased from Dec. 2023 (0.58) to Dec. 2024 (0.97). It may suggest that Star Navigation Systems Group is progressively becoming more dependent on debt to grow their business.

Star Navigation Systems Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Star Navigation Systems Group'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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Star Navigation Systems Group LT-Debt-to-Total-Asset Chart

Star Navigation Systems Group Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.67

0.72

0.83

0.35

0.75

Star Navigation Systems Group Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.58	0.25	0.75	1.00	0.97

Star Navigation Systems Group LT-Debt-to-Total-Asset Calculation

Star Navigation Systems Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (A: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2024 )	/	Total Assets (A: Jun. 2024 )
	=	0.539	/	0.718
	=	0.75

Star Navigation Systems Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	0.461	/	0.474
	=	0.97

Star Navigation Systems Group (OTCPK:SNAVF) 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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Star Navigation Systems Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Star Navigation Systems Group Ltd (OTCPK:SNAVF) » Definitions » LT-Debt-to-Total-Asset

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S3O:Germany SNA:Canada

Address

11 Kenview Boulevard, Brampton, ON, CAN, L6T 5G5

Website

https://www.star-navigation.com

Star Navigation Systems Group Ltd is focused on providing Aerospace Solutions. It is centred on devoting all its activity to the development, marketing and promotion of an in-flight Safety Monitoring System (STAR-ISMS), whereby data from an aircraft can be transmitted to ground stations for the duration of a flight. The services provided by the company include consultation, monitoring, maintenance, training and customer service. The group operates and generates revenue in Canada.

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