EasTower Wireless (TSXV:ESTW.H) LT-Debt-to-Total-Asset : 3.01 (As of Sep. 2022)

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What is EasTower Wireless 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. EasTower Wireless's long-term debt to total assests ratio for the quarter that ended in Sep. 2022 was 3.01.

EasTower Wireless's long-term debt to total assets ratio increased from Jun. 2021 (0.00) to Sep. 2022 (3.01). It may suggest that EasTower Wireless is progressively becoming more dependent on debt to grow their business.

EasTower Wireless LT-Debt-to-Total-Asset Historical Data

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

EasTower Wireless Annual Data

Trend

Dec19

Dec20

LT-Debt-to-Total-Asset

0.19

1.57

EasTower Wireless Quarterly Data
	Dec19	Sep20	Dec20	Jun21	Sep21	Jan22	Jun22	Sep22
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			-	3.21	-	2.38	3.01

EasTower Wireless LT-Debt-to-Total-Asset Calculation

EasTower Wireless's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2020 is calculated as

LT Debt to Total Assets (A: Dec. 2020 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2020 )	/	Total Assets (A: Dec. 2020 )
	=	1.573	/	1.002
	=	1.57

EasTower Wireless's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2022 is calculated as

LT Debt to Total Assets (Q: Sep. 2022 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2022 )	/	Total Assets (Q: Sep. 2022 )
	=	2.676	/	0.89
	=	3.01

EasTower Wireless (TSXV:ESTW.H) 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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EasTower Wireless (TSXV:ESTW.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » EasTower Wireless Inc (TSXV:ESTW.H) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

666 Burrard Street, Suite 2800, Vancouver, BC, CAN, V6C 2Z7

Website

https://eastowerwireless.com

EasTower Wireless Inc is a U.S. provider of wireless communications infrastructure and related services.. The firm specializes in the construction, installation, upgrading, and maintenance of wireless infrastructure systems, including 5G, 4G and small cell deployments as well as first responder or FirstNet initiatives. The company's diverse, top-tier customer base includes telecom providers, global original equipment manufacturers (OEMs), corporations and federal government agencies. The company is currently operating in the State of Florida and is focusing on potential expansions in the Southeastern Sunbelt states of the US.

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