Xeriant (Xeriant) LT-Debt-to-Total-Asset : 0.00 (As of Mar. 2024)

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What is Xeriant 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. Xeriant's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.00.

Xeriant's long-term debt to total assets ratio declined from Mar. 2023 (0.14) to Mar. 2024 (0.00). It may suggest that Xeriant is progressively becoming less dependent on debt to grow their business.

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

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

Xeriant Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.71

0.12

0.07

0.22

Xeriant Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.14	0.22	0.08	0.27	-

Xeriant LT-Debt-to-Total-Asset Calculation

Xeriant'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 )
	=	0.036	/	0.167
	=

Xeriant's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	0	/	0.452
	=

Xeriant (OTCPK:XERI) 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.

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

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Xeriant (Xeriant) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Xeriant Inc (OTCPK:XERI) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

3998 FAU Boulevard, Suite 309, Innovation Centre No.1, Boca Raton, FL, USA, 33431

Website

https://www.xeriant.com

Xeriant Inc is a holding and operating company focused on acquiring, developing, and commercializing revolutionary, eco-friendly technologies with applications in aerospace, including innovative aircraft concepts targeting emerging opportunities within the aviation industry. In 2019, Xeriant acquired a unique, scalable, multi-purpose VTOL aerial platform called Halo, which is protected under a broad utility patent. Xeriant is located at the Research Park at Florida Atlantic University in Boca Raton, Florida adjacent to the Boca Raton Airport.

Executives

Edward C. Defeudis	director	604 ARIZONA AVENUE, SANTA MONICA CA 90401
Brendan Macpherson	director, 10 percent owner, officer: Chief Executive Officer	76 WILLIAM ST, PADDINGTON C3 2021
Macpherson Belinda Storelli	director, 10 percent owner, officer: Chief Creative Officer	76 WILLIAM ST., PADDINGTON C3 2021
Raymond Key	10 percent owner	396 FRANKTON-LADIES MILE HIGHWAY, QUEENSTOWN Q2 9304
Richard C Fox	director, officer: Interim CEO: Interim CFO	131 COURT ST. #11, EXETER NH 03833
Randy S Bayne	officer: President, Encom Group, Inc.
Aqmen Family Holdings, Llc	10 percent owner	13403 OAK ALLEY LANE, CYPRESS TX 77429
Eman Mark Van	10 percent owner, officer: See Remark Below	13403 OAK ALLEY LANE, CYPRESS TX 77429
Bradley W Miller	director, 10 percent owner, officer: CEO	BLOCK C FLAT 410, LOTUS HILL GOLF APTS., LOTUS HILL TOWN, PANYU DISTRICT, GUANGZHOU F4 511440
Nicole Machelle Stacy	officer: Secretary	3330 EAST 36TH, APT. #18, TULSA OK 74035