XR Immersive Tech (XCNQ:VRAI) LT-Debt-to-Total-Asset : 1.23 (As of Sep. 2023)

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What is XR Immersive Tech 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. XR Immersive Tech's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 1.23.

XR Immersive Tech's long-term debt to total assets ratio increased from Sep. 2022 (0.64) to Sep. 2023 (1.23). It may suggest that XR Immersive Tech is progressively becoming more dependent on debt to grow their business.

XR Immersive Tech LT-Debt-to-Total-Asset Historical Data

The historical data trend for XR Immersive Tech'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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XR Immersive Tech LT-Debt-to-Total-Asset Chart

XR Immersive Tech Annual Data

Trend

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

0.04

0.02

1.06

XR Immersive Tech Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial								0.64	1.06	1.11	1.19	1.23

XR Immersive Tech LT-Debt-to-Total-Asset Calculation

XR Immersive Tech's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	2.865	/	2.705
	=	1.06

XR Immersive Tech's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	2.967	/	2.412
	=	1.23

XR Immersive Tech (XCNQ:VRAI) 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.

XR Immersive Tech LT-Debt-to-Total-Asset Related Terms

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XR Immersive Tech (XCNQ:VRAI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » XR Immersive Tech Inc (XCNQ:VRAI) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

FNTTF:USA 79W:Germany

Address

750 West Pender Street, Suite 401, Vancouver, BC, CAN, V6C 2T7

Website

https://www.immersivetech.co

XR Immersive Tech Inc is a Virtual Reality and Augmented Reality entertainment and attractions manufacturer blending amusement park engineering and video game development to create custom experiences through its flagship hyper-immersive multiplayer VR attraction Uncontained.

XR Immersive Tech (XCNQ:VRAI) Headlines

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