VXIT (VirExit Technologies) LT-Debt-to-Total-Asset: 0.00 (As of May. 2019)


What is VirExit Technologies LT-Debt-to-Total-Asset?

VirExit Technologies VXIT LT-Debt-to-Total-Asset is 0.00 as of May. 2019.

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. VirExit Technologies's long-term debt to total assests ratio for the quarter that ended in May. 2019 was 0.00.

VirExit Technologies's long-term debt to total assets ratio declined from May. 2018 (0.10) to May. 2019 (0.00). It may suggest that VirExit Technologies is progressively becoming less dependent on debt to grow their business.

VirExit Technologies  (OTCPK:VXIT) 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.

VirExit Technologies LT-Debt-to-Total-Asset Related Terms

VirExit Technologies LT-Debt-to-Total-Asset Historical Data

* Premium members only.

The historical data trend for VirExit Technologies'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.

VirExit Technologies LT-Debt-to-Total-Asset Chart

VirExit Technologies Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18
LT-Debt-to-Total-Asset
0.00 0.00 0.00 0.71 0.00

VirExit Technologies Quarterly Data
Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19
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 0.10 0.00 0.00 0.00 0.00

VirExit Technologies LT-Debt-to-Total-Asset Calculation

VirExit Technologies's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Aug. 2018 is calculated as

LT Debt to Total Assets (A: Aug. 2018 )=Long-Term Debt & Capital Lease Obligation (A: Aug. 2018 )/Total Assets (A: Aug. 2018 )
=0/0.014
=

VirExit Technologies's Long-Term Debt to Total Asset Ratio for the quarter that ended in May. 2019 is calculated as

LT Debt to Total Assets (Q: May. 2019 )=Long-Term Debt & Capital Lease Obligation (Q: May. 2019 )/Total Assets (Q: May. 2019 )
=0/0.049
=

* 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.

Frequently Asked Questions Learn more about LT-Debt-to-Total-Asset →
What does a LT-Debt-to-Total-Asset of 0.00 mean?
VirExit Technologies (VXIT) has a LT-Debt-to-Total-Asset of 0.00 as of May. 2019. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on VirExit Technologies and its competitors.
Is VirExit Technologies' LT-Debt-to-Total-Asset too high?
VirExit Technologies' current LT-Debt-to-Total-Asset is 0.00.
How does VirExit Technologies' LT-Debt-to-Total-Asset compare to RIHT and GEQU?
VirExit Technologies' LT-Debt-to-Total-Asset of 0.00 can be compared against companies in the Utilities - Independent Power Producers industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good LT-Debt-to-Total-Asset for an Utilities - Independent Power Producers company?
A good LT-Debt-to-Total-Asset depends on the Utilities - Independent Power Producers industry context. However, LT-Debt-to-Total-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high LT-Debt-to-Total-Asset mean?
A high LT-Debt-to-Total-Asset can signal that a stock is expensive relative to its fundamentals. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on VirExit Technologies and its competitors. VirExit Technologies's current LT-Debt-to-Total-Asset is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VirExit Technologies stock overvalued right now?
VirExit Technologies (VXIT) has a current LT-Debt-to-Total-Asset of 0.00. The current LT-Debt-to-Total-Asset is 0.00. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is LT-Debt-to-Total-Asset calculated?
LT-Debt-to-Total-Asset is calculated from a company's financial statements. For VirExit Technologies (VXIT), the current LT-Debt-to-Total-Asset is 0.00 as of May. 2019. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

VirExit Technologies Business Description

Address 1280 Lexington Avenue, FRNT 2 No.1292, New York, NY, USA, 10028
VirExit Technologies Inc is established as a renewable energy company, incubating solar technologies to establish electrification, education, connectivity, and media distribution infrastructures in rural communities across the globe to empower the individual, community, and local economy.