DriveItAway Holdings (DriveItAway Holdings) LT-Debt-to-Total-Asset : 0.56 (As of Mar. 2024)

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What is DriveItAway Holdings 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. DriveItAway Holdings's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.56.

DriveItAway Holdings's long-term debt to total assets ratio declined from Mar. 2023 (1.67) to Mar. 2024 (0.56). It may suggest that DriveItAway Holdings is progressively becoming less dependent on debt to grow their business.

DriveItAway Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for DriveItAway Holdings'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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DriveItAway Holdings LT-Debt-to-Total-Asset Chart

DriveItAway Holdings Annual Data

Trend

Sep21

Sep22

Sep23

LT-Debt-to-Total-Asset

9.26

1.02

1.33

DriveItAway Holdings Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial								1.67	1.97	1.33	0.47	0.56

DriveItAway Holdings LT-Debt-to-Total-Asset Calculation

DriveItAway Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (A: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2023 )	/	Total Assets (A: Sep. 2023 )
	=	0.307	/	0.231
	=	1.33

DriveItAway Holdings'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 )
	=	0.129	/	0.229
	=	0.56

DriveItAway Holdings (OTCPK:DWAY) 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.

DriveItAway Holdings LT-Debt-to-Total-Asset Related Terms

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DriveItAway Holdings (DriveItAway Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » DriveItAway Holdings Inc (OTCPK:DWAY) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

3201 Market Street, Suite 200/201, Philadelphia, PA, USA, 10104

Website

https://www.driveitaway.com

DriveItAway Holdings Inc provides dealer focused mobility platform that enables car dealers to sell more vehicles in a seamless way through eCommerce, with its Pay as You Go app-based subscription program. DIA provides a comprehensive turn-key, solutions-driven program with proprietary mobile technology and driver app, insurance coverages, and training to get dealerships up and running quickly and profitably in emerging online sales opportunities.

Executives

Paul Patrizio	director, 10 percent owner	90 WASHINGTON VALLEY ROAD, BEDMINSTER NJ 07921
John Francis Possumato	director, 10 percent owner, officer: Chief Executive Officer	116 THIRD AVENUE, HADDON HEIGHTS NJ 08035
Adam Joseph Potash	director, 10 percent owner, officer: Chief Operating Officer	259-10, HILLSIDE AVENUE, APT. 6H, FLORAL PARK NY 11004
Aep Holdings Llc	10 percent owner	1 WHITE BUCK RUN, WARREN NJ 07059
Minds' Eye Innovations, Inc.	10 percent owner	259-10 HILLSIDE AVENUE, APT. 6H, FLORAL PARK NY 11004
Driveltaway Llc	10 percent owner	116 THIRD AVENUE, HADDON HEIGHTS NJ 08035
Zell Richard Gery Ii	director	8 GEARYS RIDGE RD, RINGOES NJ 08551
Christopher Rego	director	212 BELLEROSE DR., SAN JOSE CA 95128
Franventures, Llc	10 percent owner	796 CYPRESS CROSSING TRAIL, ST. AUGUSTINE FL 32095
Blake Furlow	director, 10 percent owner	2110 N WESTGATE, BOISE ID 83704
Bart Jay Mitchell	director	7853 N HILLIARD CT, COEUR D' ALENE ID 83815
Gary L Herman	director	720 FIFTH AVE, 10TH FLOOR, NEW YORK NY 10019
Karla Kretsch	officer: Chief Operating Officer	701 MARKET STREET, SUITE 113, ST. AUGUSTINE FL 32095
Christian Miller	officer: Chief Financial Officer	701 MARKET STREET, SUITE 113, ST. AUGUSTINE FL 32095
Joyann Kenny-charlton	director	194 TWINING BRIDGE ROAD, NEWTOWN PA 18940

DriveItAway Holdings (DriveItAway Holdings) Headlines

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