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QuantGate Systems (QuantGate Systems) LT-Debt-to-Total-Asset : 1.88 (As of Nov. 2023)


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What is QuantGate Systems 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. QuantGate Systems's long-term debt to total assests ratio for the quarter that ended in Nov. 2023 was 1.88.

QuantGate Systems's long-term debt to total assets ratio declined from Nov. 2022 (2.10) to Nov. 2023 (1.88). It may suggest that QuantGate Systems is progressively becoming less dependent on debt to grow their business.

QuantGate Systems LT-Debt-to-Total-Asset Historical Data

The historical data trend for QuantGate Systems'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.

QuantGate Systems LT-Debt-to-Total-Asset Chart

QuantGate Systems Annual Data
Trend May11 May12 May13 May14 May15 May16 May20 May21 May22 May23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.41 1.02 1.56 1.80

QuantGate Systems Quarterly Data
Feb16 May16 Aug16 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.10 1.87 1.80 1.86 1.88

QuantGate Systems LT-Debt-to-Total-Asset Calculation

QuantGate Systems's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in May. 2023 is calculated as

LT Debt to Total Assets (A: May. 2023 )=Long-Term Debt & Capital Lease Obligation (A: May. 2023 )/Total Assets (A: May. 2023 )
=1.706/0.946
=1.80

QuantGate Systems's Long-Term Debt to Total Asset Ratio for the quarter that ended in Nov. 2023 is calculated as

LT Debt to Total Assets (Q: Nov. 2023 )=Long-Term Debt & Capital Lease Obligation (Q: Nov. 2023 )/Total Assets (Q: Nov. 2023 )
=1.706/0.91
=1.87

* 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.

QuantGate Systems  (OTCPK:QGSI) 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.

QuantGate Systems LT-Debt-to-Total-Asset Related Terms

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QuantGate Systems (QuantGate Systems) Business Description

Industry
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Traded in Other Exchanges
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Address
99 Wall Street, Suite 1701, New York, NY, USA, 10005
Website
https://www.quantgatesystems.com
QuantGate Systems Inc is a Fintech company, developing Artificial Intelligence, Machine Learning and big-data processing algorithms and analytics to deliver SaaS solutions and seamless API integration. Pilot Trading is a wholly owned subsidiary of the company. Its core intelligence identifies investment opportunities across multiple asset classes, rooted in the financial markets, and for cryptocurrency exchanges, enabling valued clients to make better informed investment decisions. Turnkey solutions and efficient API's, founded on robust and scalable SaaS architecture, allow third party integration for onboarding existing users, and scaling globally.
Executives
Jack J. Bensimon officer: Chief Executive Officer 34 KING ST. E. SUITE 1010, TORONTO A6 M5C 2X8
Ontario 1476448 10 percent owner 1927 SHELLARD ROAD, CAMBRIDGE A6 N1R 5S7
Murray Simser officer: CEO and President C/O MOBILE INTEGRATED SYSTEMS, INC., 25 ADELAIDE STREET EAST, SUITE 502, TORONTO A6 M5C 3A1
Benjamin Chesir other: Former Director ONE NORTH END AVENUE, WORLD FINANCIAL CENTER, NEW YORK NY 10282
Richard Schaeffer other: Former Director C/O LIQUID HOLDINGS GROUP, INC., 800 THIRD AVE., 39TH FLOOR, NEW YORK NY 10022
Emlyn David director, officer: Chief Executive Officer SUITE 502, 25 ADELAIDE STREET, TORONTO A6 M5C 3A1
James Mcgovern other: Former Director C/O LOTO INC., 25 ADELAIDE STREET EAST, 502, TORONTO A6 M5C 3A1
Fulvio Ciano officer: President and CTO 142 BANFF RD., TORONTO A6 M4P 2P7
Todd Halpern director C/O LOTO INC., 25 ADELAIDE STREET EAST, 502, TORONTO A6 M5C 3A1
2238646 Ontario Inc. 10 percent owner 23 BEDFORD ROAD, TORONTO A6 M5R 2J9
Alan Ralph director 48 ROYAL HENLEY BLVD., ST. CATHARINES A6 L2N4S1
J Trevor Eyton director PO BOX 723040, ATLANTA GA 30339
Baker A. Stephen officer: Chief Technology Officer 2361 SOUTHCOTT ROAD, PICKERING A6 L1X 2T3
Jason Randall Barrs director 23 BEDFORD ROAD, TORONTO A6 M5R 2J9
Donald Ziraldo director 15468 NIAGARA PARKWAY, NIAGARA ON THE LAKE A6 L0S 1J0