AI/ML Innovations (STU:42F) LT-Debt-to-Total-Asset : 0.00 (As of Jan. 2024)

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What is AI/ML Innovations 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. AI/ML Innovations's long-term debt to total assests ratio for the quarter that ended in Jan. 2024 was 0.00.

AI/ML Innovations's long-term debt to total assets ratio declined from Oct. 2022 (0.05) to Jan. 2024 (0.00). It may suggest that AI/ML Innovations is progressively becoming less dependent on debt to grow their business.

AI/ML Innovations LT-Debt-to-Total-Asset Historical Data

The historical data trend for AI/ML Innovations'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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AI/ML Innovations LT-Debt-to-Total-Asset Chart

AI/ML Innovations Annual Data

Trend

Apr13

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

LT-Debt-to-Total-Asset

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0.01

0.05

AI/ML Innovations Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Jul23	Oct23	Jan24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.05	0.01	0.02	-	-

AI/ML Innovations LT-Debt-to-Total-Asset Calculation

AI/ML Innovations's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Apr. 2022 is calculated as

LT Debt to Total Assets (A: Apr. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Apr. 2022 )	/	Total Assets (A: Apr. 2022 )
	=	0.067	/	1.496
	=	0.04

AI/ML Innovations's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jan. 2024 is calculated as

LT Debt to Total Assets (Q: Jan. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jan. 2024 )	/	Total Assets (Q: Jan. 2024 )
	=	0	/	1.504
	=	0.00

AI/ML Innovations (STU:42F) 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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AI/ML Innovations (STU:42F) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » AI/ML Innovations Inc (STU:42F) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

AIMLF:USA 42FB:Germany AIML:Canada

Address

645 Fort Street, Suite 203, Victoria, BC, CAN, V8W 1G2

Website

https://www.aiml-innovations.com

AI/ML Innovations Inc has realigned its business operations to capitalize on the burgeoning fields of artificial intelligence and machine learning, with an initial investment focus on emerging digital health and wellbeing companies that leverage AI, ML, cloud computing and digital platforms to drive transformative healthcare management solutions and precision support delivery across the health continuum. The company has strategic partnerships with Health Gauge, Tech2Health and other planned accretive investments.

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