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Environmental Waste International (TSXV:EWS) LT-Debt-to-Total-Asset : 0.34 (As of Dec. 2023)


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What is Environmental Waste International 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. Environmental Waste International's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.34.

Environmental Waste International's long-term debt to total assets ratio increased from Dec. 2022 (0.33) to Dec. 2023 (0.34). It may suggest that Environmental Waste International is progressively becoming more dependent on debt to grow their business.

Environmental Waste International LT-Debt-to-Total-Asset Historical Data

The historical data trend for Environmental Waste International'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.

Environmental Waste International LT-Debt-to-Total-Asset Chart

Environmental Waste International Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.99 0.36 0.26 0.33 0.34

Environmental Waste International Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.33 0.32 0.30 0.29 0.34

Environmental Waste International LT-Debt-to-Total-Asset Calculation

Environmental Waste International's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )=Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )/Total Assets (A: Dec. 2023 )
=1.033/3.056
=

Environmental Waste International'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 )
=1.033/3.056
=

* 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.

Environmental Waste International  (TSXV:EWS) 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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Environmental Waste International (TSXV:EWS) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Environmental Waste International Inc (TSXV:EWS) » Definitions » LT-Debt-to-Total-Asset
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Traded in Other Exchanges
YEWTF:USA
Address
1751 Wentworth Street, Unit 1, Whitby, ON, CAN, L1N 8R6
Website
https://www.ewi.ca
Environmental Waste International Inc designs, develops and sells environmentally sound devices utilizing its patented Reverse Polymerization process and dealing with environmental waste disposal, including the development, advancement, licensing, and sale. The firm has its presence in Canada and the United States generating, a majority of its revenue from the United States.