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WYY (WidePoint) LT-Debt-to-Total-Asset : 0.07 (As of Sep. 2024)


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What is WidePoint 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. WidePoint's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.07.

WidePoint's long-term debt to total assets ratio declined from Sep. 2023 (0.09) to Sep. 2024 (0.07). It may suggest that WidePoint is progressively becoming less dependent on debt to grow their business.

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

The historical data trend for WidePoint'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.

WidePoint LT-Debt-to-Total-Asset Chart

WidePoint Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.09 0.06 0.08 0.10 0.08

WidePoint Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 0.09 0.08 0.07 0.07 0.07

WidePoint LT-Debt-to-Total-Asset Calculation

WidePoint's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )=Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )/Total Assets (A: Dec. 2023 )
=4.115/51.3
=0.08

WidePoint'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 )
=3.699/56.92
=0.06

* 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.

WidePoint  (AMEX:WYY) 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.

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

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WidePoint Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » WidePoint Corp (AMEX:WYY) » Definitions » LT-Debt-to-Total-Asset
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Traded in Other Exchanges
ZMX1:Germany ZMX1:Germany
Address
11250 Waples Mill Road, Suite 210, South Tower, Fairfax, VA, USA, 22030
Website
https://www.widepoint.com
WidePoint Corp is a provider of Technology Management as a Service (TMaaS) that consists of federally certified communications management, identity management, interactive bill presentment and analytics, and Information Technology as a Service solution. Its solutions include Telecom Lifecycle Management, Digital billing communications solutions, and Mobile and Identity management. Geographically the company generates a majority of its revenue from the United States and rest from Europe.
Executives
Todd Dzyak officer: COO 11250 WAPLES MILL ROAD, SOUTH TOWER 210, FAIRFAX VA 22030
Robert J George officer: Chief Financial Officer
Philip N Garfinkle director C/O WIDEPOINT CORPORATION, 11250 WAPLES MILL ROAD, SUITE 210, FAIRFAX VA 22030
Jin Kang officer: President - iSYS, LLC 1163 DALEVIEW DRIVE, MCLEAN VA 22102
Jason Holloway officer: EVP and Chief Sales and Market C/O 7926 JONES BRANCH DRIVE, SUITE 520, MCLEAN VA 22102
Julia A Bowen director 7926 JONES BRANCH DRIVE, SUITE 520, MCLEAN VA 22012
James Bernard Rice director 11250 WAPLES MILL ROAD, SOUTH TOWER, SUITE 210, FAIRFAX VA 22030
Ian Sparling officer: CEO, Soft-Ex 7926 JONES BRANCH DRIVE, SUITE 520, MCLEAN VA 22102
John J Fitzgerald director 2000 EDMUND HALLEY DR, RESTON VA 20191
Otto J Guenther director 8611 CROSS OAKS LN, FAIRFAX STATION VA 22039
Richard L Todaro director C/O GREAT AMERICAN GROUP, INC., 21255 BURBANK BLVD., SUITE 400, WOODLAND HILLS CA 91367
Kellie H Kim officer: Chief Financial Officer 11250 WAPLES MILL ROAD, SUITE 210, FAIRFAX VA 22030
Nokomis Capital, L.l.c. 10 percent owner 1717 MCKINNEY AVENUE, SUITE 850, DALLAS TX 75202
Morton S Taubman director 1201 FIFTEENTH STREET, N.W., SECOND FLOOR, WASHINGTON DC 20005
Kito Mussa officer: Interim CFO C/O 7926 JONES BRANCH DRIVE, SUITE 520, MCLEAN VA 22102