NTG Clarity Networks (TSXV:NCI) LT-Debt-to-Total-Asset : 0.43 (As of Mar. 2024)

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What is NTG Clarity Networks 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. NTG Clarity Networks's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.43.

NTG Clarity Networks's long-term debt to total assets ratio declined from Mar. 2023 (0.68) to Mar. 2024 (0.43). It may suggest that NTG Clarity Networks is progressively becoming less dependent on debt to grow their business.

NTG Clarity Networks LT-Debt-to-Total-Asset Historical Data

The historical data trend for NTG Clarity Networks'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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NTG Clarity Networks LT-Debt-to-Total-Asset Chart

NTG Clarity Networks Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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2.57

2.12

1.02

0.82

NTG Clarity Networks Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.68	0.66	0.58	-	0.43

NTG Clarity Networks LT-Debt-to-Total-Asset Calculation

NTG Clarity Networks's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	6.676	/	8.168
	=	0.82

NTG Clarity Networks'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 )
	=	6.469	/	15.049
	=	0.43

NTG Clarity Networks (TSXV:NCI) 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.

NTG Clarity Networks LT-Debt-to-Total-Asset Related Terms

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NTG Clarity Networks (TSXV:NCI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » NTG Clarity Networks Inc (TSXV:NCI) » Definitions » LT-Debt-to-Total-Asset

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NYWKF:USA

Address

2820 Fourteenth Avenue, Suite 202, Markham, ON, CAN, L3R 0S9

Website

https://www.ntgclarity.com

NTG Clarity Networks Inc provides telecommunications engineering, Information Technology, networking, and related software solutions. It develops niche software products directed at telecom service providers and utilities markets. The company also provides professional services and managed services to the same vertical. In addition, it has also expanded into the financial and government sectors by providing products and technical resources to assist customers with projects that include digital transformation. The company`s Canadian segment is made up of activities in Canada and offices in Saudi Arabia and Oman; and the Egypt segment is a software development group that also provides professional services, offshoring services, and network services to customers in Egypt.

Executives

Kristine Anne Lewis	Director
Ashraf Zaghloul	10% Security Holder, Director, Senior Officer

NTG Clarity Networks (TSXV:NCI) Headlines

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