FRNT Financial (FRNT Financial) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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What is FRNT Financial 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. FRNT Financial's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.01.

FRNT Financial's long-term debt to total assets ratio declined from Mar. 2023 (0.02) to Mar. 2024 (0.01). It may suggest that FRNT Financial is progressively becoming less dependent on debt to grow their business.

FRNT Financial LT-Debt-to-Total-Asset Historical Data

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

FRNT Financial Annual Data

Trend

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

0.01

0.02

FRNT Financial Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial								0.02	0.02	0.01	0.01	0.01

FRNT Financial LT-Debt-to-Total-Asset Calculation

FRNT Financial'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 )
	=	0.078	/	4.804
	=	0.02

FRNT Financial'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 )
	=	0.034	/	3.697
	=	0.01

FRNT Financial (OTCPK:FRFLF) 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.

FRNT Financial LT-Debt-to-Total-Asset Related Terms

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FRNT Financial (FRNT Financial) Business Description

Industry

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Traded in Other Exchanges

FRNT:Canada

Address

49 Wellington St E, Unit 200, Toronto, ON, CAN, M5E 1C9

Website

https://www.frnt.io

FRNT Financial Inc is a next-generation institutional sales and trading platform. The company aims to offer new opportunities to permitted clients and institutional investors while maintaining a lean, technology-driven operation. It is focused on providing expertise and products that help institutional clients gain access to cryptocurrency trade opportunities. It has one segment focused around developing and offering its capital market trading platform to institutional investors.

FRNT Financial (FRNT Financial) Headlines

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