Pioneering Technology (TSXV:PTE) LT-Debt-to-Total-Asset : 0.19 (As of Dec. 2023)

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What is Pioneering Technology 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. Pioneering Technology's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.19.

Pioneering Technology's long-term debt to total assets ratio declined from Dec. 2022 (0.25) to Dec. 2023 (0.19). It may suggest that Pioneering Technology is progressively becoming less dependent on debt to grow their business.

Pioneering Technology LT-Debt-to-Total-Asset Historical Data

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

Pioneering Technology Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

LT-Debt-to-Total-Asset

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0.18

0.23

0.24

0.20

Pioneering Technology 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															0.25	0.26	0.25	0.20	0.19

Pioneering Technology LT-Debt-to-Total-Asset Calculation

Pioneering Technology'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 )
	=	0.926	/	4.693
	=	0.20

Pioneering Technology'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 )
	=	0.872	/	4.617
	=	0.19

Pioneering Technology (TSXV:PTE) 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.

Pioneering Technology LT-Debt-to-Total-Asset Related Terms

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Pioneering Technology (TSXV:PTE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Pioneering Technology Corp (TSXV:PTE) » Definitions » LT-Debt-to-Total-Asset

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PTEFF:USA

Address

2400 Skymark Avenue, Unit 7, Mississauga, ON, CAN, L4W 5K5

Website

https://www.pioneeringtech.com

Pioneering Technology Corp is a Canadian-based company. The company is focused on designing, engineering, and producing technology that protects people and their property from cooking fires. It operates in one business segment is the development, manufacture, and sale of products intended to save energy and offer consumer convenience and safety. It offers products that provide effective cooking fire prevention solutions for both the residential and commercial markets. Its product portfolio includes Safe-T-element, SmartBurner, RangeMinder, and Safe-T-sensor. Its geographical coverage includes Canada and the United States whereas it generates the majority of its revenue from the United States.

Executives

David Lee Dueck

Director

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