Decisive Dividend (TSXV:DE) LT-Debt-to-Total-Asset : 0.35 (As of Dec. 2023)

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What is Decisive Dividend 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. Decisive Dividend's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.35.

Decisive Dividend's long-term debt to total assets ratio declined from Dec. 2022 (0.38) to Dec. 2023 (0.35). It may suggest that Decisive Dividend is progressively becoming less dependent on debt to grow their business.

Decisive Dividend LT-Debt-to-Total-Asset Historical Data

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

Decisive Dividend Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.45

0.41

0.40

0.38

0.35

Decisive Dividend 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															0.38	0.38	0.34	0.36	0.35

Decisive Dividend LT-Debt-to-Total-Asset Calculation

Decisive Dividend'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 )
	=	54.051	/	152.567
	=	0.35

Decisive Dividend'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 )
	=	54.051	/	152.567
	=	0.35

Decisive Dividend (TSXV:DE) 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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Decisive Dividend (TSXV:DE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Decisive Dividend Corp (TSXV:DE) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

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DEDVF:USA PC9:Germany

Address

No. 260 - 1855 Kirschner Road, Kelown, BC, CAN, V1Y 4N7

Website

https://www.decisivedividend.com

Decisive Dividend Corp is an acquisition-oriented company, focused on opportunities in manufacturing. The corporation's purpose is to be the sought-out choice for exiting legacy-minded business owners while supporting the long-term success of the businesses acquired, and through that, creating sustainable and growing shareholder returns. It uses a disciplined acquisition strategy to identify already profitable, well-established, high-quality manufacturing companies that have a sustainable competitive advantage, a focus on non-discretionary products, steady cash flows, growth potential and established strong leadership.