TeraGo (TSX:TGO) LT-Debt-to-Total-Asset : 0.50 (As of Dec. 2023)

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What is TeraGo 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. TeraGo's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.50.

TeraGo's long-term debt to total assets ratio increased from Dec. 2022 (0.28) to Dec. 2023 (0.50). It may suggest that TeraGo is progressively becoming more dependent on debt to grow their business.

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

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

TeraGo Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.42

0.45

0.30

0.28

0.50

TeraGo Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.28	0.28	0.40	0.44	0.50

TeraGo LT-Debt-to-Total-Asset Calculation

TeraGo'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 )
	=	26.698	/	53.496
	=	0.50

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

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	26.698	/	53.496
	=	0.50

TeraGo (TSX:TGO) 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.

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

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TeraGo (TSX:TGO) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » TeraGo Inc (TSX:TGO) » Definitions » LT-Debt-to-Total-Asset

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TRAGF:USA

Address

55 Commerce Valley Drive West, Suite 800, Thornhill, ON, CAN, L3T 7V9

Website

https://www.terago.ca

TeraGo Inc provides wireless connectivity and private 5G wireless networking services to businesses operating across Canada. The company holds 2120 MHz of exclusive spectrum licenses in the 24 GHz and 38 GHz spectrum bands, which it utilizes to provide secure and reliable enterprise grade networking and connectivity services. TeraGo serves over 1,800 Canadian and Global businesses operating in major markets across Canada, including Toronto, Montreal, Calgary, Edmonton, Vancouver, Ottawa and Winnipeg, and has been providing wireless services since 1999.

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