Plank Ventures (XCNQ:PLNK) LT-Debt-to-Total-Asset : 0.03 (As of Jan. 2024)

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What is Plank Ventures 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. Plank Ventures's long-term debt to total assests ratio for the quarter that ended in Jan. 2024 was 0.03.

Plank Ventures's long-term debt to total assets ratio declined from Jan. 2023 (0.39) to Jan. 2024 (0.03). It may suggest that Plank Ventures is progressively becoming less dependent on debt to grow their business.

Plank Ventures LT-Debt-to-Total-Asset Historical Data

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

Plank Ventures Annual Data

Trend

Jul20

Jul21

Jul22

Jul23

LT-Debt-to-Total-Asset

0.02

0.28

0.33

0.03

Plank Ventures Quarterly Data
	Oct18	Jan19	Apr19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.39	0.42	0.03	0.03	0.03

Plank Ventures LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Jul. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jul. 2023 )	/	Total Assets (A: Jul. 2023 )
	=	0.4	/	14.169
	=	0.03

Plank Ventures's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jan. 2024 is calculated as

LT Debt to Total Assets (Q: Jan. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jan. 2024 )	/	Total Assets (Q: Jan. 2024 )
	=	0.421	/	14.378
	=	0.03

Plank Ventures (XCNQ:PLNK) 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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Plank Ventures (XCNQ:PLNK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Plank Ventures Ltd (XCNQ:PLNK) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1080 Mainland Street, Suite 204, Vancouver, BC, CAN, V6C 2T4

Website

https://www.plankcapital.com

Plank Ventures Ltd is an investment company. It invests and acquires internet software companies that have growth potential and prove capabilities to sell services into the marketplace. The Company invests in business opportunities in the technology area and SaaS businesses with a focus on marketing via social media and promotion. The company's two operating segments are investing activities (Canada) and online promotions (United States of America). Geographically, it operates within Canada and the United States and derives a majority of its revenue from the United States.

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