Telescope Innovations (XCNQ:TELI) LT-Debt-to-Total-Asset : 0.36 (As of Aug. 2024)

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What is Telescope Innovations 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. Telescope Innovations's long-term debt to total assests ratio for the quarter that ended in Aug. 2024 was 0.36.

Telescope Innovations's long-term debt to total assets ratio increased from Aug. 2023 (0.00) to Aug. 2024 (0.36). It may suggest that Telescope Innovations is progressively becoming more dependent on debt to grow their business.

Telescope Innovations LT-Debt-to-Total-Asset Historical Data

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

Telescope Innovations Annual Data

Trend

Dec19

Dec20

Aug21

Aug22

Aug23

Aug24

LT-Debt-to-Total-Asset

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0.36

Telescope Innovations Quarterly Data
	Sep19	Dec19	Mar20	Sep20	Dec20	Mar21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial														-	0.32	0.36	0.37	0.36

Telescope Innovations LT-Debt-to-Total-Asset Calculation

Telescope Innovations's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Aug. 2024 is calculated as

LT Debt to Total Assets (A: Aug. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Aug. 2024 )	/	Total Assets (A: Aug. 2024 )
	=	2.029	/	5.692
	=	0.36

Telescope Innovations's Long-Term Debt to Total Asset Ratio for the quarter that ended in Aug. 2024 is calculated as

LT Debt to Total Assets (Q: Aug. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Aug. 2024 )	/	Total Assets (Q: Aug. 2024 )
	=	2.029	/	5.692
	=	0.36

Telescope Innovations (XCNQ:TELI) 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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Telescope Innovations Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Telescope Innovations Corp (XCNQ:TELI) » Definitions » LT-Debt-to-Total-Asset

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TELIF:USA

Address

301 – 2386 East Mall, Vancouver, BC, CAN, V6T 1Z3

Website

https://www.telescopeinnovations.com

Telescope Innovations Corp is a technology company that intends to focus on development as a Contract Research Organization (CRO) to develop intellectual property, contract research, and building automation products. The Company has one operating segment that generates revenues from two revenue streams, contract research services and sale of automation products.

Executives

Jason Hein	Director, Senior Officer
Alidad Pejman	Director

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