BlockchainK2 (TSXV:BITK) LT-Debt-to-Total-Asset : 0.07 (As of Jun. 2024)

View and export this data going back to 1984. Start your Free Trial

What is BlockchainK2 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. BlockchainK2's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.07.

BlockchainK2's long-term debt to total assets ratio increased from Jun. 2023 (0.05) to Jun. 2024 (0.07). It may suggest that BlockchainK2 is progressively becoming more dependent on debt to grow their business.

BlockchainK2 LT-Debt-to-Total-Asset Historical Data

The historical data trend for BlockchainK2'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.

* Premium members only.

BlockchainK2 LT-Debt-to-Total-Asset Chart

BlockchainK2 Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.01

0.04

0.06

BlockchainK2 Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.05	0.06	0.06	0.14	0.07

BlockchainK2 LT-Debt-to-Total-Asset Calculation

BlockchainK2's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (A: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2023 )	/	Total Assets (A: Sep. 2023 )
	=	0.074	/	1.162
	=	0.06

BlockchainK2's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	0.081	/	1.239
	=	0.07

BlockchainK2 (TSXV:BITK) 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.

BlockchainK2 LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of BlockchainK2's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

BlockchainK2 Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » BlockchainK2 Corp (TSXV:BITK) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

BIDCF:USA KRL2:Germany

Address

400 - 837 West Hastings Street, Vancouver, BC, CAN, V6C3N6

Website

https://www.blockchaink2.com

BlockchainK2 Corp currently operates as a holding company that invests in blockchain technology solutions for capital markets and other sectors. It has invested in separate ventures: Amplify Games Inc; iRecover Inc; and RealBlocks and Envexergy Inc. It also holds an interest in Sobe Organics Inc which is an omnichannel platform that distributes a broad line of CBD-infused products. The company operates in the following segments; Investing in blockchain technology solutions for capital markets and other sectors, Sale of health and beauty products - operated by Sobe Organics, Digital game distribution - operated by Amplify, and Addiction recovery platform services - operated by iRecover. It generates key revenue from Health and beauty products.

Executives

Sergei Stetsenko	Director, Senior Officer
Steven Sangha	Director
Andri Stytsenko	Director

BlockchainK2 Headlines

No Headlines