Deveron (TSXV:FARM) LT-Debt-to-Total-Asset : 0.36 (As of Dec. 2023)

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What is Deveron 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. Deveron's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.36.

Deveron's long-term debt to total assets ratio increased from Dec. 2022 (0.35) to Dec. 2023 (0.36). It may suggest that Deveron is progressively becoming more dependent on debt to grow their business.

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

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

Deveron Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Jun23

LT-Debt-to-Total-Asset

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0.05

0.03

0.06

0.35

Deveron 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															0.35	0.37	0.37	0.37	0.36

Deveron LT-Debt-to-Total-Asset Calculation

Deveron'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	/	0
	=

Deveron'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 )
	=	38.242	/	106.894
	=	0.36

Deveron (TSXV:FARM) 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.

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

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Deveron (TSXV:FARM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Deveron Corp (TSXV:FARM) » Definitions » LT-Debt-to-Total-Asset

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DVRNF:USA 1LSA:Germany

Address

82 Richmond Street East, Suite 200, Toronto, ON, CAN, M5C 1P1

Website

https://www.deveron.com

Deveron Corp is an agriculture technology company that uses data and insights to help farmers and agriculture enterprises increase yields, reduce costs, and improve farm outcomes. The company employs a digital process that leverages data collected on farms across North America to drive the unbiased interpretation of production decisions, ultimately recommending optimizing input use. Additionally, the Company provides scalable data acquisition solutions in the imagery and soil space with the help of soil sampling technicians and drone pilots.

Executives

Christopher Irwin

Director