Deveron (TSXV:FARM) LT-Debt-to-Total-Asset : 0.06 (As of Dec. 2024)

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What is Deveron 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. Deveron's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.06.

Deveron's long-term debt to total assets ratio declined from Dec. 2023 (0.36) to Dec. 2024 (0.06). It may suggest that Deveron is progressively becoming less dependent on debt to grow their business.

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

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

Deveron Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.03

0.06

0.35

0.23

Deveron Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.36	0.37	0.23	0.23	0.06

Deveron LT-Debt-to-Total-Asset Calculation

Deveron's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (A: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2024 )	/	Total Assets (A: Jun. 2024 )
	=	12.768	/	56.859
	=	0.22

Deveron's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	3.032	/	55.141
	=	0.05

Deveron (TSXV:FARM) 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.

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

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Deveron Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Deveron Corp (TSXV:FARM) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

DVRNF:USA

Address

82 Richmond Street East, Suite 200, Toronto, ON, CAN, M5C 1P1

Website

https://www.deveron.com

Deveron Corp is an agriculture technology company focused on providing data acquisition services and data analytics to the farming sector in North America. It operates four agriculture testing facilities in North America and provides testing and insights on over nearly one million data points a year. The company comprise one reportable operating segment: data acquisition services and data analytics sector in Canada and in the USA.

Executives

David Macmillan	Director, Senior Officer
William Linton	Director
Christopher Irwin	Director
James Pirie	Director
Greencastle Resources Ltd.	10% Security Holder