NeuBase Therapeutics (STU:O7P) LT-Debt-to-Total-Asset : 0.26 (As of Sep. 2023)

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What is NeuBase Therapeutics 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. NeuBase Therapeutics's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.26.

NeuBase Therapeutics's long-term debt to total assets ratio increased from Sep. 2022 (0.16) to Sep. 2023 (0.26). It may suggest that NeuBase Therapeutics is progressively becoming more dependent on debt to grow their business.

NeuBase Therapeutics LT-Debt-to-Total-Asset Historical Data

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

NeuBase Therapeutics Annual Data

Trend

Sep12

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

LT-Debt-to-Total-Asset

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1.00

0.09

NeuBase Therapeutics Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.16	0.20	0.24	0.22	0.26

NeuBase Therapeutics LT-Debt-to-Total-Asset Calculation

NeuBase Therapeutics's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2021 is calculated as

LT Debt to Total Assets (A: Sep. 2021 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2021 )	/	Total Assets (A: Sep. 2021 )
	=	5.018	/	54.543
	=

NeuBase Therapeutics's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	4.529	/	17.448
	=

NeuBase Therapeutics (STU:O7P) 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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NeuBase Therapeutics (STU:O7P) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » NeuBase Therapeutics Inc (STU:O7P) » Definitions » LT-Debt-to-Total-Asset

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NBSE:USA O7P:Germany

Address

350 Technology Drive, Suite 421, Pittsburgh, PA, USA, 15219

Website

https://www.neubasetherapeutics.com

NeuBase Therapeutics Inc is a pre-clinical stage biopharmaceutical company. It is engaged in the development of gene silencing therapies with its synthetic antisense oligonucleotides. Its Patrol platform is focused on the development of drugs for rare genetic diseases such as Huntington's Disease, Myotonic Dystrophy and Familial Parkinson's Disease among others.

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