SofTech (SofTech) LT-Debt-to-Total-Asset : 0.01 (As of Nov. 2016)

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What is SofTech 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. SofTech's long-term debt to total assests ratio for the quarter that ended in Nov. 2016 was 0.01.

SofTech's long-term debt to total assets ratio declined from Nov. 2015 (0.01) to Nov. 2016 (0.01). It may suggest that SofTech is progressively becoming less dependent on debt to grow their business.

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

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

SofTech Annual Data

Trend

May06

May07

May08

May09

May11

May12

May13

May14

May15

May16

LT-Debt-to-Total-Asset

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0.23

0.36

0.01

SofTech 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															0.01	0.01	0.01	0.01	0.01

SofTech LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: May. 2016 )	=	Long-Term Debt & Capital Lease Obligation (A: May. 2016 )	/	Total Assets (A: May. 2016 )
	=	0.039	/	3.115
	=	0.01

SofTech'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 )
	=	0.027	/	2.58
	=	0.01

SofTech (OTCPK:SOFT) 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.

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

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SofTech (SofTech) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » SofTech Inc (OTCPK:SOFT) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

650 Suffolk Street, Suite 415, Lowell, MA, USA, 01854

Website

http://www.softech.com

SofTech Inc is engaged in the development, marketing, distribution and support of computer software solutions that enable companies to manage the lifecycle of their products from conception through design and manufacture, to service and disposal. The company's service offerings include consulting, training and discrete engineering services. These solutions include software technology offerings for computer-aided design, and product data management and collaboration technologies. In addition, the company offers a technology platform that allows data exchange between various third-party technology offerings known as the company's connector offering.

Executives

Joseph Patrick Daly	10 percent owner	497 CIRCLE FREEWAY, CINCINNATI OH 45246
J Phillip Cooper	director

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