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Vado (VADP) LT-Debt-to-Total-Asset : 0.31 (As of Sep. 2023)


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What is Vado 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. Vado's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.31.

Vado's long-term debt to total assets ratio increased from Aug. 2022 (0.00) to Sep. 2023 (0.31). It may suggest that Vado is progressively becoming more dependent on debt to grow their business.

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

The historical data trend for Vado'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.

* Premium members only.

Vado LT-Debt-to-Total-Asset Chart

Vado Annual Data
Trend Nov17 Nov18 Nov19 Nov20 Nov21
LT-Debt-to-Total-Asset
- - - - -

Vado Quarterly Data
Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Mar23 Jun23 Sep23
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - 0.39 0.54 0.31

Vado LT-Debt-to-Total-Asset Calculation

Vado's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Nov. 2021 is calculated as

LT Debt to Total Assets (A: Nov. 2021 )=Long-Term Debt & Capital Lease Obligation (A: Nov. 2021 )/Total Assets (A: Nov. 2021 )
=0/0.073
=

Vado's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )=Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )/Total Assets (Q: Sep. 2023 )
=1.691/5.486
=0.31

* 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.

Vado  (OTCPK:VADP) 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.

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

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Vado (VADP) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Vado Corp (OTCPK:VADP) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
BFAC PRPC ISRL CONX CFIV PHYT BOAC CFFS RCFA PPYA PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
N/A
Address
4001 South 700 East, Suite 500, Salt Lake City, UT, USA, 84107
Website
https://www.vadocorphq.com
Vado Corp is a development stage company seeking new business opportunities in the United States and abroad.