Cognetivity Neurosciences (XCNQ:CGN) LT-Debt-to-Total-Asset : 2.81 (As of Oct. 2023)

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What is Cognetivity Neurosciences 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. Cognetivity Neurosciences's long-term debt to total assests ratio for the quarter that ended in Oct. 2023 was 2.81.

Cognetivity Neurosciences's long-term debt to total assets ratio increased from Oct. 2022 (0.25) to Oct. 2023 (2.81). It may suggest that Cognetivity Neurosciences is progressively becoming more dependent on debt to grow their business.

Cognetivity Neurosciences LT-Debt-to-Total-Asset Historical Data

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

Cognetivity Neurosciences Annual Data

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LT-Debt-to-Total-Asset

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Cognetivity Neurosciences Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.25	-	-	-	2.81

Cognetivity Neurosciences LT-Debt-to-Total-Asset Calculation

Cognetivity Neurosciences's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jan. 2023 is calculated as

LT Debt to Total Assets (A: Jan. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jan. 2023 )	/	Total Assets (A: Jan. 2023 )
	=	0	/	2.829
	=	0.00

Cognetivity Neurosciences's Long-Term Debt to Total Asset Ratio for the quarter that ended in Oct. 2023 is calculated as

LT Debt to Total Assets (Q: Oct. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Oct. 2023 )	/	Total Assets (Q: Oct. 2023 )
	=	1.368	/	0.487
	=	2.81

Cognetivity Neurosciences (XCNQ:CGN) 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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Cognetivity Neurosciences (XCNQ:CGN) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Cognetivity Neurosciences Ltd (XCNQ:CGN) » Definitions » LT-Debt-to-Total-Asset

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CGNSF:USA 1UB:Germany

Address

800 West Pender Street, Suite 1430, Vancouver, BC, CAN, V6C 2V6

Website

https://www.cognetivity.com

Cognetivity Neurosciences Ltd is a technology company developing a cognitive testing platform, the Integrated Cognitive Assessment (ICA), for use in medical, commercial, and consumer environments for potentially allowing early diagnosis of dementia. The Company is considered operating in one segment for development of the ICA platform. Its geographical areas include Canada, United Kingdom and Dubai.

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