Coin Citadel (Coin Citadel) LT-Debt-to-Total-Asset : 0.83 (As of Jun. 2023)

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What is Coin Citadel 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. Coin Citadel's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.83.

Coin Citadel's long-term debt to total assets ratio increased from . 20 (0.00) to Jun. 2023 (0.83). It may suggest that Coin Citadel is progressively becoming more dependent on debt to grow their business.

Coin Citadel LT-Debt-to-Total-Asset Historical Data

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

Coin Citadel Annual Data

Trend

LT-Debt-to-Total-Asset

Coin Citadel Semi-Annual Data
	Jun23
LT-Debt-to-Total-Asset	0.83

Coin Citadel LT-Debt-to-Total-Asset Calculation

Coin Citadel's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in . 20 is calculated as

LT Debt to Total Assets (A: . 20 )	=	Long-Term Debt & Capital Lease Obligation (A: . 20 )	/	Total Assets (A: . 20 )
	=		/
	=

Coin Citadel's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (Q: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )	/	Total Assets (Q: Jun. 2023 )
	=	0.06	/	0.072
	=	0.83

Coin Citadel (OTCPK:CCTL) 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.

Coin Citadel LT-Debt-to-Total-Asset Related Terms

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Coin Citadel (Coin Citadel) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Coin Citadel (OTCPK:CCTL) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

401 Ryland Street, Reno, NV, USA, 89502

Website

https://www.coincitadel.net

Coin Citadel is a Fintech company. The company is engaged in the bitcoin, blockchain, and digital currency industries. Coin Citadel mines Bitcoin Cash (BCH), Bitcoin Satoshi Vision (BSV), and other Secure Hash Algorithm (SHA) 256 based protocol cryptocurrencies. Coin Citadel also owns additional miners from other manufacturers which mine Litecoin (LTC), Zcash (ZEC), and Ethereum (ETH).

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