UAVS (AgEagle Aerial Systems) LT-Debt-to-Total-Asset : 0.11 (As of Sep. 2024)

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What is AgEagle Aerial 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. AgEagle Aerial Systems's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.11.

AgEagle Aerial Systems's long-term debt to total assets ratio increased from Sep. 2023 (0.10) to Sep. 2024 (0.11). It may suggest that AgEagle Aerial Systems is progressively becoming more dependent on debt to grow their business.

AgEagle Aerial Systems LT-Debt-to-Total-Asset Historical Data

The historical data trend for AgEagle Aerial 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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AgEagle Aerial Systems LT-Debt-to-Total-Asset Chart

AgEagle Aerial Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.02

0.10

0.13

AgEagle Aerial Systems Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.10	0.13	0.12	0.11	0.11

AgEagle Aerial Systems LT-Debt-to-Total-Asset Calculation

AgEagle Aerial Systems'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 )
	=	3.211	/	25.156
	=	0.13

AgEagle Aerial Systems'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 )
	=	2.304	/	22.038
	=	0.10

AgEagle Aerial Systems (AMEX:UAVS) 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.

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AgEagle Aerial Systems Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » AgEagle Aerial Systems Inc (AMEX:UAVS) » Definitions » LT-Debt-to-Total-Asset

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0A4B:UK

Address

8201 E. 34th Street North, Suite 1307, Wichita, KS, USA, 67226

Website

https://www.ageagle.com

AgEagle Aerial Systems Inc is actively engaged in designing and delivering best-in-class drones, sensors and software that solve important problems for its customers. It designs, produces, distributes, and supports technologically- advanced small unmanned aerial systems (UAVs) that it offers for sale commercially to the precision agriculture industry. Its segments include Drones, Sensors and Software-as-a-Service (SaaS). The company's majority revenue is derived primarily through the sales of drones and drone-related products.

Executives

Barrett Mooney	director, officer: Chairman and CEO	C/O AGEAGLE AERIAL SYSTEMS, INC., 8863 E. 34TH STREET NORTH, WICHITA KS 67226
Nicole M. Fernandez-mcgovern	officer: Chief Financial Officer	C/O AGEAGLE AERIAL SYSTEMS INC., 8863 E. 34TH STREET NORTH, WICHITA KS 67226
Kelly Anderson	director	C/O TOMI ENVIRONMENTAL SOLUTIONS, INC., 9454 WILSHIRE BLVD., R-1, BEVERLY HILLS CA 90212
Grant A Begley	director	420 ROYAL PALM WAY, SUITE 100, PALM BEACH FL 33480
Thomas J Gardner	director	C/O AGEAGLE AERIAL SYSTEMS, INC., 117 SOUTH 4TH STREET, NEODESHA KS 66757
Michael D O'sullivan	officer: Chief Commercial Officer	C/O AGEAGLE AERIAL SYSTEMS, INC., 8863 E. 34TH STREET NORTH, WICHITA KS 67226
Luisa Ingargiola	director	4826 BLUE JAY CIRCLE, PALM HARBOR FL 34683
Bret Chilcott	director, officer: CEO, President, Secretary	C/O AGEAGLE AERIAL SYSTEMS, INC., 117 SOUTH 4TH STREET, NEODESHA KS 66757
Michael Drozd	officer: Chief Executive Officer	117 S. 4TH STREET, NEODESHA KS 66757
Kull Corbett	director	C/O AGEAGLE AERIAL SYSTEMS, INC., 117 SOUTH 4 STREET, NEODESHA KS 66757
Louis G Schott	officer: Chief Financial Officer	4040 BROADWAY, SUITE 508, SAN ANTONIO TX 78209
Scott R Burell	director	6500 HARBOUR HEIGHTS PKWY #303, MUKILTEO WA 98275
Lindsay Katrina Edwards	director	C/O AGEAGLE AERIAL SYSTEMS, INC., 117 SOUTH 4TH STREET, NEODESHA KS 66757
Kent Roach	officer: Executive Vice President	4040 BROADWAY, SUITE 508, SAN ANTONIO TX 78209
David L Kunovic	officer: Vice President of Exploration	4040 BROADWAY, SUITE 508, SAN ANTONIO TX 78209