SPQS (SportsQuest) LT-Debt-to-Total-Asset : 0.21 (As of Oct. 2007)

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What is SportsQuest 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. SportsQuest's long-term debt to total assests ratio for the quarter that ended in Oct. 2007 was 0.21.

SportsQuest's long-term debt to total assets ratio increased from Oct. 2005 (0.00) to Oct. 2007 (0.21). It may suggest that SportsQuest is progressively becoming more dependent on debt to grow their business.

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

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

SportsQuest Annual Data

Trend

Oct98

Oct99

Oct00

Oct01

Oct02

Oct03

Oct04

Oct05

Oct06

Oct07

LT-Debt-to-Total-Asset

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0.21

SportsQuest Semi-Annual Data
	Oct96	Oct97	Oct98	Oct99	Oct00	Oct01	Oct02	Oct03	Oct04	Oct05	Oct06	Oct07
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial							-	-	-	-	0.21

SportsQuest LT-Debt-to-Total-Asset Calculation

SportsQuest's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Oct. 2007 is calculated as

LT Debt to Total Assets (A: Oct. 2007 )	=	Long-Term Debt & Capital Lease Obligation (A: Oct. 2007 )	/	Total Assets (A: Oct. 2007 )
	=	3.3	/	15.541
	=	0.21

SportsQuest's Long-Term Debt to Total Asset Ratio for the quarter that ended in Oct. 2007 is calculated as

LT Debt to Total Assets (Q: Oct. 2007 )	=	Long-Term Debt & Capital Lease Obligation (Q: Oct. 2007 )	/	Total Assets (Q: Oct. 2007 )
	=	3.3	/	15.541
	=	0.21

SportsQuest (OTCPK:SPQS) 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.

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

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SportsQuest Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » SportsQuest Inc (OTCPK:SPQS) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

500 S Australian Avenue, Suite No. 600, West Palm Beach, Florida, FL, USA, 33401

Website

https://www.sports-quest.co

SportsQuest Inc is currently is in development stage company of a sports franchise. The company is engaged in sports and hospitality related services.

Executives

Roy Thomas Kidd	director, officer: President, CEO	432 VALLEY STREAM DRIVE, GENEVA FL 32732
Air Brook Airport Express Inc	other: Related party	500 AUSTRALIAN AVENUE, SUITE 600, WEST PALM BEACH FL 33401