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

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What is Wavefront Technology Solutions 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. 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 LT-Debt-to-Total-Asset Historical Data

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.

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

Wavefront Technology Solutions Annual Data

Trend

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Aug21

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

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

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.

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Wavefront Technology Solutions (Wavefront Technology Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Wavefront Technology Solutions Inc (OTCPK:WFTSF) » Definitions » LT-Debt-to-Total-Asset

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Address

70 Street North West, Suite 5621, Edmonton, AB, CAN, T6B 3P6

Website

https://www.onthewavefront.com

Wavefront Technology Solutions Inc is a technology company providing solutions to oil and gas exploration and production companies to maximize oil and gas production. It has two processes namely the Powerwave process which is an injection technology that improves the flow of fluids in geological materials including sedimentary soils and fractured rock, and Primawave process which is an effective method for aiding in-situ (in-ground) environmental groundwater remediation clean-up strategies in contaminated sites. Geographically it earns key revenue from the Middle East.