ZenaTech (NAS:ZENA) LT-Debt-to-Total-Asset : 0.31 (As of Sep. 2022)

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What is ZenaTech 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. ZenaTech's long-term debt to total assests ratio for the quarter that ended in Sep. 2022 was 0.31.

ZenaTech's long-term debt to total assets ratio increased from Sep. 2020 (0.29) to Sep. 2022 (0.31). It may suggest that ZenaTech is progressively becoming more dependent on debt to grow their business.

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

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

ZenaTech Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

LT-Debt-to-Total-Asset

0.74

0.07

0.16

0.50

ZenaTech Quarterly Data
	Sep18	Dec18	Sep19	Dec19	Sep20	Dec20	Sep21	Dec21	Sep22
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial				0.29	0.16	-	0.50	0.31

ZenaTech LT-Debt-to-Total-Asset Calculation

ZenaTech's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2021 is calculated as

LT Debt to Total Assets (A: Dec. 2021 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2021 )	/	Total Assets (A: Dec. 2021 )
	=	4.714	/	9.474
	=	0.50

ZenaTech's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2022 is calculated as

LT Debt to Total Assets (Q: Sep. 2022 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2022 )	/	Total Assets (Q: Sep. 2022 )
	=	3.906	/	12.671
	=	0.31

ZenaTech (NAS:ZENA) 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.

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

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ZenaTech (NAS:ZENA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ZenaTech Inc (NAS:ZENA) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

69 Yonge Street, Suite 1404, Toronto, ON, CAN, M53 1K3

Website

http://www.zenatech.com

ZenaTech Inc is a enterprise software technology company that specializes in mission-critical cloud-based applications integrated with smart hardware to deliver innovative solutions across diverse industries. The Company operates in software development technology, sales, and distribution. The Company is also developing a drone manufacturing, sales, and distribution business. The company operates in two segments which is software development technology, sales, and distribution, as well as drone manufacturing, sales, and distribution.

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