Biorem (TSXV:BRM) LT-Debt-to-Total-Asset : 0.12 (As of Sep. 2024)

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What is Biorem 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. Biorem's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.12.

Biorem's long-term debt to total assets ratio declined from Sep. 2023 (0.16) to Sep. 2024 (0.12). It may suggest that Biorem is progressively becoming less dependent on debt to grow their business.

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

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

Biorem Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.21

0.16

0.14

Biorem Quarterly Data
	Dec19	Mar20	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															0.16	0.14	0.15	0.13	0.12

Biorem LT-Debt-to-Total-Asset Calculation

Biorem'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 )
	=	3.462	/	24.076
	=	0.14

Biorem'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 )
	=	3.002	/	24.377
	=	0.12

Biorem (TSXV:BRM) 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.

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

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Biorem Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Biorem Inc (TSXV:BRM) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

BIRMF:USA

Address

7496 Wellington Road 34, RR Number 3, Puslinch, Guelph, ON, CAN, N1H 6H9

Website

https://www.biorem.biz

Biorem Inc is an environmental biotechnology company. It is involved in the manufacturing of a comprehensive line of high efficiency air pollution control systems that are used to eliminate odorous and harmful contaminants. The company's products include Biofilters, Biogas Solutions, Multi-Stage Systems, Biotrickling filters, and services such as Media Sampling and Analysis, Biological processes and testing, Media replacements and Spare parts, and other related services. The company derives revenues from the sale of standard products, construction projects for specialized products, and services for repairs and maintenance. The group has a business presence in Canada, the United States, China and others, of which key revenue is derived from the United States.

Executives

William Baxter White	Director
Derek Webb	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Brian Herner	Director, Senior Officer

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