Ionik (TSXV:INIK) LT-Debt-to-Total-Asset : 0.47 (As of Sep. 2024)

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What is Ionik 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. Ionik's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.47.

Ionik's long-term debt to total assets ratio increased from Sep. 2023 (0.38) to Sep. 2024 (0.47). It may suggest that Ionik is progressively becoming more dependent on debt to grow their business.

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

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

Ionik Annual Data

Trend

Dec19

Dec20

Dec21

Sep22

Dec23

LT-Debt-to-Total-Asset

0.08

0.19

0.14

0.26

0.59

Ionik Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.38	0.59	0.60	0.62	0.47

Ionik LT-Debt-to-Total-Asset Calculation

Ionik'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 )
	=	110.897	/	187.094
	=	0.59

Ionik'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 )
	=	130.739	/	277.803
	=	0.47

Ionik (TSXV:INIK) 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.

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

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Ionik Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Ionik Corp (TSXV:INIK) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

INIKF:USA

Address

1 University Avenue, 3rd Floor, Toronto, ON, CAN, M5J 2P1

Website

https://www.ionikgroup.com

Ionik Corp is a data-driven performance marketing technology company focused on assembling the effective and complete suite of advertising, marketing, and monetization solutions for brands, advertisers, and publishers while building an extensive proprietary repository of opted-in first-party data.

Executives

Lois Lorrayne Norris	Senior Officer
Jeffrey David Collins	Senior Officer
Jonathan Paul Walsh	Director
Robert Shaner	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Christopher Locke	Director
Edward William Hastings	Director, Senior Officer
Kevin Ferrell	Senior Officer
Jurgen Cautreels	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
James Mansfield	Director or Senior Officer of 10% Security Holder, Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Michael Fitzgerald	Director or Senior Officer of 10% Security Holder, Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Christopher James Schnarr	Director, Senior Officer
Ronald Thomas Patterson	Director
Michael James Haines	Director or Senior Officer of 10% Security Holder

Ionik Headlines

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