WFTSF (Wavefront Technology Solutions) LT-Debt-to-Total-Asset: 0.15 (As of May. 2022)

What is Wavefront Technology Solutions LT-Debt-to-Total-Asset?

Wavefront Technology Solutions WFTSF -99.00% 12 LT-Debt-to-Total-Asset is 0.15 as of May. 2022. GuruFocus rates WFTSF with a GF Score™ of 12/100.

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. Wavefront Technology Solutions's long-term debt to total assests ratio for the quarter that ended in May. 2022 was 0.15.

Wavefront Technology Solutions's long-term debt to total assets ratio declined from May. 2021 (0.16) to May. 2022 (0.15). It may suggest that Wavefront Technology Solutions is progressively becoming less dependent on debt to grow their business.

Wavefront Technology Solutions (OTCPK:WFTSF) 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.

Wavefront Technology Solutions LT-Debt-to-Total-Asset Related Terms

Wavefront Technology Solutions LT-Debt-to-Total-Asset Historical Data

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The historical data trend for Wavefront Technology Solutions'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.

Wavefront Technology Solutions LT-Debt-to-Total-Asset Chart

Wavefront Technology Solutions Annual Data

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LT-Debt-to-Total-Asset

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0.16

Wavefront Technology Solutions Quarterly Data
	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.16	0.16	0.13	0.13	0.15

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Wavefront Technology Solutions LT-Debt-to-Total-Asset Calculation

Wavefront Technology Solutions's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Aug. 2021 is calculated as

LT Debt to Total Assets (A: Aug. 2021 )	=	Long-Term Debt & Capital Lease Obligation (A: Aug. 2021 )	/	Total Assets (A: Aug. 2021 )
	=	0.316	/	1.921
	=	0.16

Wavefront Technology Solutions's Long-Term Debt to Total Asset Ratio for the quarter that ended in May. 2022 is calculated as

LT Debt to Total Assets (Q: May. 2022 )	=	Long-Term Debt & Capital Lease Obligation (Q: May. 2022 )	/	Total Assets (Q: May. 2022 )
	=	0.249	/	1.69
	=	0.15

Frequently Asked Questions Learn more about LT-Debt-to-Total-Asset →

What does a LT-Debt-to-Total-Asset of 0.15 mean?

Wavefront Technology Solutions (WFTSF) has a LT-Debt-to-Total-Asset of 0.15 as of May. 2022. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Wavefront Technology Solutions and its competitors.

Is Wavefront Technology Solutions' LT-Debt-to-Total-Asset too high?

Wavefront Technology Solutions' current LT-Debt-to-Total-Asset is 0.15. Overall, Wavefront Technology Solutions has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.

How does Wavefront Technology Solutions' LT-Debt-to-Total-Asset compare to VYEY and ENSV?

Wavefront Technology Solutions' LT-Debt-to-Total-Asset of 0.15 can be compared against companies in the Oil & Gas 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 Oil & Gas company?

A good LT-Debt-to-Total-Asset depends on the Oil & Gas 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 Wavefront Technology Solutions and its competitors. Wavefront Technology Solutions's current LT-Debt-to-Total-Asset is 0.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Wavefront Technology Solutions stock overvalued right now?

Wavefront Technology Solutions (WFTSF) has a current LT-Debt-to-Total-Asset of 0.15. The current LT-Debt-to-Total-Asset is 0.15. Wavefront Technology Solutions' overall GF Score™ is 12/100. 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 Wavefront Technology Solutions (WFTSF), the current LT-Debt-to-Total-Asset is 0.15 as of May. 2022. 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.

Wavefront Technology Solutions Business Description

Industry Energy Oil & Gas

Comparable Companies VYEY ENSV GWTI SMGI KLNG GNOLF RCON QSEP SLB BKR HAL MIL:TEN SHSE:601808 FTI NOV ASX:WOR CHX SHSE:600968 VAL WFRD

Address 5621 70 Street NW, Edmonton, AB, CAN, T6B 3P6

Website https://www.onthewavefront.com

Wavefront Technology Solutions Inc is a technology-based oil field service provider that offers the oil and gas industry proprietary, technology for oil and gas well stimulation and applications related to IOR/EOR recovery.

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