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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. Surge Components's long-term debt to total assests ratio for the quarter that ended in Aug. 2024 was 0.04.
Surge Components's long-term debt to total assets ratio declined from Aug. 2023 (0.05) to Aug. 2024 (0.04). It may suggest that Surge Components is progressively becoming less dependent on debt to grow their business.
The historical data trend for Surge Components'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.
Surge Components Annual Data | |||||||||||||||||||||
Trend | Nov14 | Nov15 | Nov16 | Nov17 | Nov18 | Nov19 | Nov20 | Nov21 | Nov22 | Nov23 | |||||||||||
LT-Debt-to-Total-Asset | Get a 7-Day Free Trial | - | 0.11 | 0.06 | 0.05 | 0.05 |
Surge Components Quarterly Data | ||||||||||||||||||||
Nov19 | Feb20 | May20 | Aug20 | Nov20 | Feb21 | May21 | Aug21 | Nov21 | Feb22 | May22 | Aug22 | Nov22 | Feb23 | May23 | Aug23 | Nov23 | Feb24 | May24 | Aug24 | |
LT-Debt-to-Total-Asset | Get a 7-Day Free Trial | 0.05 | 0.05 | 0.05 | 0.04 | 0.04 |
Surge Components's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Nov. 2023 is calculated as
LT Debt to Total Assets (A: Nov. 2023 ) | = | Long-Term Debt & Capital Lease Obligation (A: Nov. 2023 ) | / | Total Assets (A: Nov. 2023 ) |
= | 1.137 | / | 24.677 | |
= | 0.05 |
Surge Components's Long-Term Debt to Total Asset Ratio for the quarter that ended in Aug. 2024 is calculated as
LT Debt to Total Assets (Q: Aug. 2024 ) | = | Long-Term Debt & Capital Lease Obligation (Q: Aug. 2024 ) | / | Total Assets (Q: Aug. 2024 ) |
= | 0.937 | / | 25.27 | |
= | 0.04 |
* 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.
Surge Components (OTCPK:SPRS) 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.
Thank you for viewing the detailed overview of Surge Components's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Peter Levy | director | C/O ATLAS THERAPEUTICS CORPORATION, 4640 ADMIRALTY WAY, SUITE 500, MARINA DEL REY CA 90292 |
Michael D Tofias | 10 percent owner | 325 NORTH END AVENUE, APT. 25B, NEW YORK NY 10282 |
Steven J Lubman | director, officer: VP, Secretary, Director | 1016 GRAND BLVD, DEER PARK NY 11729 |
Martin Novick | director | |
Alan Plafker | director | 24 SYLVIA ROAD, PLAINVIEW NY 11803 |
Gary Mark Jacobs | director | 15 HOOVER STREET, INWOOD NY 11096 |
Lawrence Chariton | director | 30 ROCKAWAY PLACE, MASSAPEQUA NY 11758 |
Ira Levy | director, officer: Chief Executive Officer | |
David Siegel | director | 95 EAST JEFRYN BOULEVARD, DEER PARK NY 11729 |
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