SNSGF (Sense Technologies) LT-Debt-to-Total-Asset : 0.11 (As of Nov. 2016)

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What is Sense Technologies 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. Sense Technologies's long-term debt to total assests ratio for the quarter that ended in Nov. 2016 was 0.11.

Sense Technologies's long-term debt to total assets ratio declined from Nov. 2015 (1.97) to Nov. 2016 (0.11). It may suggest that Sense Technologies is progressively becoming less dependent on debt to grow their business.

Sense Technologies LT-Debt-to-Total-Asset Historical Data

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

Sense Technologies Annual Data

Trend

Feb07

Feb08

Feb09

Feb10

Feb11

Feb12

Feb13

Feb14

Feb15

Feb16

LT-Debt-to-Total-Asset

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1.43

0.23

13.75

1.21

Sense Technologies Quarterly Data
	Feb12	May12	Aug12	Nov12	Feb13	May13	Aug13	Nov13	Feb14	May14	Aug14	Nov14	Feb15	May15	Aug15	Nov15	Feb16	May16	Aug16	Nov16
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															1.97	1.21	1.68	0.26	0.11

Sense Technologies LT-Debt-to-Total-Asset Calculation

Sense Technologies's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Feb. 2016 is calculated as

LT Debt to Total Assets (A: Feb. 2016 )	=	Long-Term Debt & Capital Lease Obligation (A: Feb. 2016 )	/	Total Assets (A: Feb. 2016 )
	=	0.063	/	0.052
	=	1.21

Sense Technologies's Long-Term Debt to Total Asset Ratio for the quarter that ended in Nov. 2016 is calculated as

LT Debt to Total Assets (Q: Nov. 2016 )	=	Long-Term Debt & Capital Lease Obligation (Q: Nov. 2016 )	/	Total Assets (Q: Nov. 2016 )
	=	1.079	/	10.08
	=	0.11

Sense Technologies (OTCPK:SNSGF) 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.

Sense Technologies LT-Debt-to-Total-Asset Related Terms

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Sense Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Sense Technologies Inc (OTCPK:SNSGF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

2535 North Carleton Avenue, Grand Island, NE, USA, 68803

Website

http://www.sensetech.com

Sense Technologies Inc. is a developer and marketer of driver aids for the automotive industry. The Company holds a non-exclusive license to manufacture, distribute, market and sell the ScopeOut product, a system of specially designed mirrors which are placed at specific points on automobiles, trucks, sport utility vehicles or commercial vehicles to offer drivers a more complete view behind the vehicle.

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