NetCents Technology (XCNQ:NC) LT-Debt-to-Total-Asset : 0.15 (As of Jul. 2020)

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What is NetCents Technology 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. NetCents Technology's long-term debt to total assests ratio for the quarter that ended in Jul. 2020 was 0.15.

NetCents Technology's long-term debt to total assets ratio increased from Jul. 2019 (0.00) to Jul. 2020 (0.15). It may suggest that NetCents Technology is progressively becoming more dependent on debt to grow their business.

NetCents Technology LT-Debt-to-Total-Asset Historical Data

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

NetCents Technology Annual Data

Trend

Oct15

Oct16

Oct17

Oct18

Oct19

LT-Debt-to-Total-Asset

NetCents Technology Quarterly Data
	Oct15	Jan16	Apr16	Jul16	Oct16	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	0.24	0.23	0.15

NetCents Technology LT-Debt-to-Total-Asset Calculation

NetCents Technology's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Oct. 2019 is calculated as

LT Debt to Total Assets (A: Oct. 2019 )	=	Long-Term Debt & Capital Lease Obligation (A: Oct. 2019 )	/	Total Assets (A: Oct. 2019 )
	=	0	/	4.078
	=	0.00

NetCents Technology's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jul. 2020 is calculated as

LT Debt to Total Assets (Q: Jul. 2020 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jul. 2020 )	/	Total Assets (Q: Jul. 2020 )
	=	1.255	/	8.346
	=	0.15

NetCents Technology (XCNQ:NC) 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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NetCents Technology (XCNQ:NC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » NetCents Technology Inc (XCNQ:NC) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

350-375 Water Street, Vancouver, BC, CAN, V6B 5C6

Website

https://www.net-cents.com

NetCents Technology Inc is engaged in software development for the payment processing industry. It helps in KYC, AML, IP Verification, eWallets, Merchant Gateway, Blockchain and Cryptocurrency Technology, Risk and Fraud Reduction, and Instant Settlements.