Highmark Interactive (TSXV:HMRK.H) LT-Debt-to-Total-Asset : 0.36 (As of Sep. 2022)

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What is Highmark Interactive 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. Highmark Interactive's long-term debt to total assests ratio for the quarter that ended in Sep. 2022 was 0.36.

Highmark Interactive's long-term debt to total assets ratio increased from Sep. 2021 (0.00) to Sep. 2022 (0.36). It may suggest that Highmark Interactive is progressively becoming more dependent on debt to grow their business.

Highmark Interactive LT-Debt-to-Total-Asset Historical Data

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

Highmark Interactive Annual Data

Trend

Dec20

Dec21

LT-Debt-to-Total-Asset

0.24

0.41

Highmark Interactive Quarterly Data
	Sep20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			-	0.41	0.53	0.57	0.36

Highmark Interactive LT-Debt-to-Total-Asset Calculation

Highmark Interactive's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2021 is calculated as

LT Debt to Total Assets (A: Dec. 2021 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2021 )	/	Total Assets (A: Dec. 2021 )
	=	4.141	/	10.003
	=	0.41

Highmark Interactive'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 )
	=	2.378	/	6.529
	=	0.36

Highmark Interactive (TSXV:HMRK.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.

Highmark Interactive LT-Debt-to-Total-Asset Related Terms

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Highmark Interactive (TSXV:HMRK.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Highmark Interactive Inc (TSXV:HMRK.H) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

115 George Street, Suite 602, Oakville, NU, CAN, L6J 0A2

Website

https://www.highmark.tech

Highmark Interactive Inc provides a complete solution for brain health through its proprietary digital brain health assessment tools and its growing network of virtual, in-clinic, and hybrid clinics. The company has three reportable segments; Technology, Medical services and Corporate segment.

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