Amfil Technologies (Amfil Technologies) LT-Debt-to-Total-Asset : 0.12 (As of Jun. 2023)

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What is Amfil Technologies 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. Amfil Technologies's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.12.

Amfil Technologies's long-term debt to total assets ratio increased from Jun. 2018 (0.03) to Jun. 2023 (0.12). It may suggest that Amfil Technologies is progressively becoming more dependent on debt to grow their business.

Amfil Technologies LT-Debt-to-Total-Asset Historical Data

The historical data trend for Amfil Technologies'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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Amfil Technologies LT-Debt-to-Total-Asset Chart

Amfil Technologies Annual Data

Trend

Jun03

Jun04

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.03

0.17

0.12

Amfil Technologies Semi-Annual Data
	Jun99	Jun00	Jun01	Jun02	Jun03	Jun04	Jun13	Jun14	Jun15	Jun16	Jun17	Jun18	Jun22	Jun23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial									-	-	0.03	0.17	0.12

Amfil Technologies LT-Debt-to-Total-Asset Calculation

Amfil Technologies'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 )
	=	0.49	/	3.983
	=	0.12

Amfil Technologies's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (Q: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )	/	Total Assets (Q: Jun. 2023 )
	=	0.49	/	3.983
	=	0.12

Amfil Technologies (OTCPK:FUNN) 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.

Amfil Technologies LT-Debt-to-Total-Asset Related Terms

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Amfil Technologies (Amfil Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Amfil Technologies Inc (OTCPK:FUNN) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

600 Bloor St W, Toronto, ON, CAN, M6G 1K4

Website

https://www.amfiltech.com

Amfil Technologies Inc is engaged in the acquisition of mid-sized companies and optimizing their operations. The company through its subsidiaries is engaged in the operation of board game-themed bars and cafes in Canada and the United States; it provides hardscape, landscape & home improvement construction services such as Driveways, Fencing, Painting, Winter Services, Demolition, & other services; and it is also engaged in providing of triple function sanitization unit capable of eliminating 99.9% of water and airborne pathogens and the typically problematic pests that wreak havoc for cultivators like aphids, whiteflies, and spider mites, as well as bacteria, fungus, microbes and mold on surfaces, all without chemicals.

Executives

Roger Francis Mortimer

director, 10 percent owner, officer: President

220 HIGHWAY 7, LOCUST HILL A6 L0H1J0