Ztest Electronics (Ztest Electronics) LT-Debt-to-Total-Asset : 0.05 (As of Mar. 2024)

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What is Ztest Electronics 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. Ztest Electronics's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.05.

Ztest Electronics's long-term debt to total assets ratio declined from Mar. 2023 (0.14) to Mar. 2024 (0.05). It may suggest that Ztest Electronics is progressively becoming less dependent on debt to grow their business.

Ztest Electronics LT-Debt-to-Total-Asset Historical Data

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

Ztest Electronics Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.02

0.30

0.24

0.12

Ztest Electronics Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.14	0.12	0.09	0.07	0.05

Ztest Electronics LT-Debt-to-Total-Asset Calculation

Ztest Electronics's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	0.364	/	2.967
	=	0.12

Ztest Electronics's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	0.188	/	4.172
	=	0.05

Ztest Electronics (OTCPK:ZTSTF) 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.

Ztest Electronics LT-Debt-to-Total-Asset Related Terms

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Ztest Electronics (Ztest Electronics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ztest Electronics Inc (OTCPK:ZTSTF) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

ZTE:Canada

Address

523 McNicoll Avenue, North York, Toronto, ON, CAN, M2H 2C9

Website

https://www.ztest.com

Ztest Electronics Inc is a Canada-based company. It is involved in the designing, developing, and assembling printed circuit boards and other electronic equipment. Geographically, the company operates in Canada only.