TAKOF (Volatus Aerospace) LT-Debt-to-Total-Asset : 0.14 (As of Sep. 2024)

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What is Volatus Aerospace 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. Volatus Aerospace's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.14.

Volatus Aerospace's long-term debt to total assets ratio declined from Sep. 2023 (0.45) to Sep. 2024 (0.14). It may suggest that Volatus Aerospace is progressively becoming less dependent on debt to grow their business.

Volatus Aerospace LT-Debt-to-Total-Asset Historical Data

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

Volatus Aerospace Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.06

0.20

0.27

0.33

Volatus Aerospace Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial														0.45	0.33	0.33	0.40	0.14

Volatus Aerospace LT-Debt-to-Total-Asset Calculation

Volatus Aerospace's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	6.597	/	20.033
	=	0.33

Volatus Aerospace's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	6.357	/	46.568
	=	0.14

Volatus Aerospace (OTCPK:TAKOF) 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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Volatus Aerospace Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Volatus Aerospace Inc (OTCPK:TAKOF) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

ABB:Germany FLT:Canada

Address

60 Airport Road, Lake Simcoe Regional Airport, Oro-Medonte, ON, CAN, L0L 2E0

Website

https://www.volatusaerospace.com

Volatus Aerospace Inc is a leader in innovative global aerial solutions for intelligence and cargo. With deep technological and subject matter expertise and over 100 years of combined institutional knowledge in aviation, Volatus provides meaningful aerial solutions for end users across various industries using piloted and remotely piloted aircraft systems (RPAS or drones). It is committed to enhancing operational efficiency, safety, and sustainability through innovative, real-world aerial solutions.