Armada Data (TSXV:ARD) LT-Debt-to-Total-Asset : 0.35 (As of Feb. 2024)

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What is Armada Data 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. Armada Data's long-term debt to total assests ratio for the quarter that ended in Feb. 2024 was 0.35.

Armada Data's long-term debt to total assets ratio increased from Feb. 2023 (0.10) to Feb. 2024 (0.35). It may suggest that Armada Data is progressively becoming more dependent on debt to grow their business.

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

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

Armada Data Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

LT-Debt-to-Total-Asset

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0.06

0.09

0.15

0.27

Armada Data Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.10	0.27	0.35	0.34	0.35

Armada Data LT-Debt-to-Total-Asset Calculation

Armada Data's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in May. 2023 is calculated as

LT Debt to Total Assets (A: May. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: May. 2023 )	/	Total Assets (A: May. 2023 )
	=	0.145	/	0.546
	=	0.27

Armada Data's Long-Term Debt to Total Asset Ratio for the quarter that ended in Feb. 2024 is calculated as

LT Debt to Total Assets (Q: Feb. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Feb. 2024 )	/	Total Assets (Q: Feb. 2024 )
	=	0.177	/	0.503
	=	0.35

Armada Data (TSXV:ARD) 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.

Armada Data LT-Debt-to-Total-Asset Related Terms

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Armada Data (TSXV:ARD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Armada Data Corp (TSXV:ARD) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

N/A

Address

5080 Timberlea Boulevard, Suite 215, Mississauga, ON, CAN, L4W 4M2

Website

https://www.armadadata.com

Armada Data Corp is primarily involved in the accumulation and sale of data related to the purchase of new and used vehicles. The reportable segments of the company are Insurance services, CarCost Canada, and information technology services. The company generates the majority of revenue from Insurance services.

Executives

Glenn Hrabovsky

Director