Fonix Mobile (LSE:FNX) LT-Debt-to-Total-Asset : 0.00 (As of Dec. 2023)

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What is Fonix Mobile 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. Fonix Mobile's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.00.

Fonix Mobile's long-term debt to total assets ratio increased from Dec. 2022 (0.00) to Dec. 2023 (0.00). It may suggest that Fonix Mobile is progressively becoming more dependent on debt to grow their business.

Fonix Mobile LT-Debt-to-Total-Asset Historical Data

The historical data trend for Fonix Mobile'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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Fonix Mobile LT-Debt-to-Total-Asset Chart

Fonix Mobile Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.01

Fonix Mobile Semi-Annual Data
	Jun18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial						-	-	-	-	-

Fonix Mobile LT-Debt-to-Total-Asset Calculation

Fonix Mobile'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	/	58.015
	=	0.00

Fonix Mobile's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	0.206	/	75.376
	=	0.00

Fonix Mobile (LSE:FNX) 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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Fonix Mobile (LSE:FNX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Fonix Mobile PLC (LSE:FNX) » Definitions » LT-Debt-to-Total-Asset

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Address

23 Heddon Street, London, GBR, W1B 4BQ

Website

https://www.fonix.com

Fonix Mobile PLC facilitates mobile payments and provides messaging services for customers across media, telecoms, transport, gaming, enterprise and commerce. It provides carrier billing, SMS billing, and messaging services.