ZoomerMedia (TSXV:ZUM) LT-Debt-to-Total-Asset : 0.28 (As of Feb. 2024)

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What is ZoomerMedia 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. ZoomerMedia's long-term debt to total assests ratio for the quarter that ended in Feb. 2024 was 0.28.

ZoomerMedia's long-term debt to total assets ratio declined from Feb. 2023 (0.33) to Feb. 2024 (0.28). It may suggest that ZoomerMedia is progressively becoming less dependent on debt to grow their business.

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

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

ZoomerMedia Annual Data

Trend

Jun13

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

LT-Debt-to-Total-Asset

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0.27

0.25

0.28

0.34

ZoomerMedia Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.33	0.33	0.34	0.33	0.28

ZoomerMedia LT-Debt-to-Total-Asset Calculation

ZoomerMedia's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Aug. 2023 is calculated as

LT Debt to Total Assets (A: Aug. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Aug. 2023 )	/	Total Assets (A: Aug. 2023 )
	=	34.855	/	103.805
	=	0.34

ZoomerMedia's Long-Term Debt to Total Asset Ratio for the quarter that ended in Feb. 2024 is calculated as

LT Debt to Total Assets (Q: Feb. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Feb. 2024 )	/	Total Assets (Q: Feb. 2024 )
	=	29.523	/	105.268
	=	0.28

ZoomerMedia (TSXV:ZUM) 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.

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

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ZoomerMedia Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » ZoomerMedia Ltd (TSXV:ZUM) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

70 Jefferson Avenue, Toronto, ON, CAN, M6K 1Y4

Website

http://www.zoomermedia.ca

ZoomerMedia Ltd operates as a multimedia company in Canada. It serves Zoomer demographic through television, radio, magazine, internet, conferences and trade shows. The company's reportable segments include Television, Radio, Print, Royalty, Digital, Other and Corporate operations. Majority of the revenue for the company is generated from the Television segment, which consists of the company's speciality and conventional television stations and generates revenue from subscriber fees, the sale of broadcast time and advertising.

Executives

Peter Palframan

Director

ZoomerMedia Headlines

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