XTM (XCNQ:PAID) LT-Debt-to-Total-Asset : 0.13 (As of Sep. 2024)

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What is XTM 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. XTM's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.13.

XTM's long-term debt to total assets ratio increased from Sep. 2023 (0.05) to Sep. 2024 (0.13). It may suggest that XTM is progressively becoming more dependent on debt to grow their business.

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

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

XTM Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.04

XTM 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															0.05	0.04	0.16	0.14	0.13

XTM LT-Debt-to-Total-Asset Calculation

XTM'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 )
	=	2.583	/	63.552
	=	0.04

XTM'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 )
	=	10.016	/	74.836
	=	0.13

XTM (XCNQ:PAID) 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.

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

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XTM Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

XTMIF:USA 7XT:Germany

Address

67 Mowat Avenue, Suite 437, Toronto, ON, CAN, M6K 1E3

Website

https://www.xtminc.com

XTM Inc is a fintech company providing payment solutions, including fully certified Earned Wage Access through its AnyDay product. It operates in the cloud banking space, providing on-demand pay solutions to businesses in the hospitality, personal care, and services staffing industries. The company's solution and products portfolio includes issuing cards, pre-authorized debit, direct deposit accounts, digital banking, Visa Direct/Mastercard Send, tip calculator, and Vert Credit Program. Its sole operating segment is the provision of earned wage access software platform. Geographically, a majority of its revenue is derived from Canada and the rest from the United States.

Executives

Olga Balanovskaya	Director
Paul Haber	Director

XTM Headlines

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