Legible (XCNQ:READ) Debt-to-Asset : 7.07 (As of Dec. 2023)

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What is Legible Debt-to-Asset?

Legible's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.90 Mil. Legible's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.10 Mil. Legible's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was C$0.14 Mil. Legible's debt to asset for the quarter that ended in Dec. 2023 was 7.07.

Legible Debt-to-Asset Historical Data

The historical data trend for Legible's Debt-to-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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Legible Debt-to-Asset Chart

Legible Annual Data

Trend

Jun20

Jun21

Dec22

Dec23

Debt-to-Asset

31.20

5.80

7.07

Legible Quarterly Data
	Mar20	Jun20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial									1.19	5.80	4.99	2.87	7.07

Competitive Comparison of Legible's Debt-to-Asset

For the Publishing subindustry, Legible's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Legible's Debt-to-Asset Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Legible's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Legible's Debt-to-Asset falls into.

Legible Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Legible's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.897	+	0.1)	/	0.141
	=	7.07

Legible's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.897	+	0.1)	/	0.141
	=	7.07

Legible (XCNQ:READ) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Legible Debt-to-Asset Related Terms

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Legible (XCNQ:READ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Legible Inc (XCNQ:READ) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

LEBGF:USA D0T:Germany

Address

2230 Ontario Street, Vancouver, BC, CAN, V5T 2X2

Website

https://www.legible.com/about

Legible Inc is a book entertainment and media company. The Company has developed two high-value verticals; firstly, a browser first accessible B2C eBook entertainment platform for the emerging web with high-growth potential called legible.com - an eBook entertainment platform delivering beautiful, accessible & immersive reading for next-generation readers; and secondly, a B2B eBook conversion and production service with high-revenue potential called Legible Publishing.

Executives

Angela Jean Doll

Senior Officer

Legible (XCNQ:READ) Headlines

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