Legend Power Systems (TSXV:LPS.WT.A) LT-Debt-to-Total-Asset : 0.07 (As of Dec. 2023)

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What is Legend Power Systems 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. Legend Power Systems's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.07.

Legend Power Systems's long-term debt to total assets ratio increased from Dec. 2022 (0.01) to Dec. 2023 (0.07). It may suggest that Legend Power Systems is progressively becoming more dependent on debt to grow their business.

Legend Power Systems LT-Debt-to-Total-Asset Historical Data

The historical data trend for Legend Power Systems'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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Legend Power Systems LT-Debt-to-Total-Asset Chart

Legend Power Systems Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

LT-Debt-to-Total-Asset

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0.04

0.02

0.01

0.06

Legend Power Systems Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	-	-	0.06	0.07

Legend Power Systems LT-Debt-to-Total-Asset Calculation

Legend Power Systems's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (A: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2023 )	/	Total Assets (A: Sep. 2023 )
	=	0.312	/	5.229
	=	0.06

Legend Power Systems's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	0.284	/	4.201
	=	0.07

Legend Power Systems (TSXV:LPS.WT.A) 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.

Legend Power Systems LT-Debt-to-Total-Asset Related Terms

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Legend Power Systems (TSXV:LPS.WT.A) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Legend Power Systems Inc (TSXV:LPS.WT.A) » Definitions » LT-Debt-to-Total-Asset

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LPSIF:USA XLE1:Germany LPS:Canada

Address

1480 Frances Street, Vancouver, BC, CAN, V5L 1Y9

Website

https://www.legendpower.com

Legend Power Systems Inc together with its subsidiaries provides electrical energy conservation solutions to commercial and industrial customers in Canada. The Company's principal business activities are the assembly, marketing and sale of a patented device which is the SmartGATE, which enables dynamic power management of an entire commercial or industrial building. Business operating segments are based on geographical location of sale and installation of the SmartGATE products: Legend Power Systems Canada and Legend Power Systems Corp - U.S. Geographically, it derives a majority of revenue from Canada and also has a presence in the United States.

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