CardioComm Solutions (TSXV:EKG) LT-Debt-to-Total-Asset : 0.10 (As of Sep. 2024)

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What is CardioComm Solutions 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. CardioComm Solutions's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.10.

CardioComm Solutions's long-term debt to total assets ratio increased from Sep. 2023 (0.00) to Sep. 2024 (0.10). It may suggest that CardioComm Solutions is progressively becoming more dependent on debt to grow their business.

CardioComm Solutions LT-Debt-to-Total-Asset Historical Data

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

CardioComm Solutions Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.05

0.04

0.15

CardioComm Solutions 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															-	0.15	0.14	0.11	0.10

CardioComm Solutions LT-Debt-to-Total-Asset Calculation

CardioComm Solutions'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 )
	=	0.051	/	0.342
	=	0.15

CardioComm Solutions'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 )
	=	0.033	/	0.333
	=	0.10

CardioComm Solutions (TSXV:EKG) 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.

CardioComm Solutions LT-Debt-to-Total-Asset Related Terms

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CardioComm Solutions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » CardioComm Solutions Inc (TSXV:EKG) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

EKGGF:USA

Address

18 Wynford Drive, Suite 305, North York, ON, CAN, M3C 3S2

Website

https://www.cardiocommsolutions.com

CardioComm Solutions Inc develops advanced software, hardware and core laboratory reading services related to the electrocardiogram ("ECG") and ambulatory arrhythmia monitoring systems for medical and consumer markets. It engages in the provision of management software solutions. It specializes in software engineering of computer-based electrocardiogram management and reporting software. The company's products include software, Gems Win, Global ECG Management System, GlobalCardio 12 lead; hardware, include handheld ECG monitor; Asp Services, include ECG management service and smart monitoring; software modules, consists of Win Air, Auto attendant, HL7 interface and EMR integration; and other products, include ECG viewer SDK and QRS 12 lead universal.

Executives

Etienne Anthony Grima	Director
Steven Vincent Benyo	Director