Nowigence (Nowigence) LT-Debt-to-Total-Asset : 1.13 (As of Dec. 2022)

View and export this data going back to 2021. Start your Free Trial

What is Nowigence 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. Nowigence's long-term debt to total assests ratio for the quarter that ended in Dec. 2022 was 1.13.

Nowigence's long-term debt to total assets ratio increased from Dec. 2021 (0.26) to Dec. 2022 (1.13). It may suggest that Nowigence is progressively becoming more dependent on debt to grow their business.

Nowigence LT-Debt-to-Total-Asset Historical Data

The historical data trend for Nowigence'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.

* Premium members only.

Nowigence LT-Debt-to-Total-Asset Chart

Nowigence Annual Data

Trend

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

0.35

0.26

1.13

Nowigence Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22
LT-Debt-to-Total-Asset	0.35	0.26	0.25	1.13

Nowigence LT-Debt-to-Total-Asset Calculation

Nowigence's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	0.321	/	0.284
	=	1.13

Nowigence's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (Q: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2022 )	/	Total Assets (Q: Dec. 2022 )
	=	0.321	/	0.284
	=	1.13

Nowigence (OTCPK:NOWG) 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.

Nowigence LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Nowigence's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Nowigence (Nowigence) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Nowigence Inc (OTCPK:NOWG) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

418 Broadway, 2nd Floor, Albany, NY, USA, 12207

Website

https://www.nowigence.com

Nowigence Inc is a software-as-a-service (SaaS) company focused on developing and bringing to market Pluaris, which is a comprehensive, ready-to-use artificial intelligence (AI) platform. Pluaris is created to replace contemporary search boxes found in apps, cloud data storage tools, intranets, or company websites.