Evome Medical Technologies (TSXV:EVMT) LT-Debt-to-Total-Asset : 0.11 (As of Mar. 2024)

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What is Evome Medical Technologies 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. Evome Medical Technologies's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.11.

Evome Medical Technologies's long-term debt to total assets ratio declined from Mar. 2023 (0.12) to Mar. 2024 (0.11). It may suggest that Evome Medical Technologies is progressively becoming less dependent on debt to grow their business.

Evome Medical Technologies LT-Debt-to-Total-Asset Historical Data

The historical data trend for Evome Medical Technologies'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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Evome Medical Technologies LT-Debt-to-Total-Asset Chart

Evome Medical Technologies Annual Data

Trend

Dec14

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Dec23

LT-Debt-to-Total-Asset

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0.11

0.14

Evome Medical Technologies Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.12	0.12	0.13	0.14	0.11

Evome Medical Technologies LT-Debt-to-Total-Asset Calculation

Evome Medical Technologies'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 )
	=	6.684	/	48.257
	=	0.14

Evome Medical Technologies's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	4.759	/	42.247
	=	0.11

Evome Medical Technologies (TSXV:EVMT) 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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Evome Medical Technologies (TSXV:EVMT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Evome Medical Technologies Inc (TSXV:EVMT) » Definitions » LT-Debt-to-Total-Asset

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LNDZF:USA

Address

6160 Innovation Way, Carlsbad, CA, USA, 92009

Website

https://www.salonaglobal.com

Evome Medical Technologies Inc is a medical device company. It is focused on human performance and rehabilitative solutions.