Veea (VEEA) LT-Debt-to-Total-Asset : 0.01 (As of Sep. 2024)

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What is Veea 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. Veea's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.01.

Veea's long-term debt to total assets ratio increased from . 20 (0.00) to Sep. 2024 (0.01). It may suggest that Veea is progressively becoming more dependent on debt to grow their business.

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

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

Veea Annual Data

Trend

LT-Debt-to-Total-Asset

Veea Quarterly Data
	Sep23	Jun24	Sep24
LT-Debt-to-Total-Asset	-	-	0.01

Veea LT-Debt-to-Total-Asset Calculation

Veea's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in . 20 is calculated as

LT Debt to Total Assets (A: . 20 )	=	Long-Term Debt & Capital Lease Obligation (A: . 20 )	/	Total Assets (A: . 20 )
	=		/
	=

Veea'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 )
	=	0.34	/	44.995
	=	0.01

Veea (NAS:VEEA) 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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Veea Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Veea Inc (NAS:VEEA) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

164 East 83rd Street, New York, NY, USA, 10028

Website

https://www.veea.com

Veea Inc is a company providing edge platform having extensive knowledge and expertise on content delivery and edge computing, and has brought a broad range of Wi-Fi, 4G/5G mobile wireless, and IoT products to market over the past two decades. It has first-in-class VeeaHub smart computing hubs integrate a full range of connectivity options, application processing power, and a full security stack to form an elastic edge computing platform with a dynamic connectivity and application mesh that can easily be deployed and centrally managed from the cloud.