PSYC (PSYC) LT-Debt-to-Total-Asset : 0.14 (As of Sep. 2023)

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What is PSYC 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. PSYC's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.14.

PSYC's long-term debt to total assets ratio increased from Sep. 2016 (0.00) to Sep. 2023 (0.14). It may suggest that PSYC is progressively becoming more dependent on debt to grow their business.

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

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

PSYC Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec16

LT-Debt-to-Total-Asset

1.77

1.32

0.57

PSYC Quarterly Data
	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Dec14	Mar15	Jun15	Sep15	Mar16	Jun16	Sep16	Dec16	Jun17	Sep22	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	-	-	0.14

PSYC LT-Debt-to-Total-Asset Calculation

PSYC's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2016 is calculated as

LT Debt to Total Assets (A: Dec. 2016 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2016 )	/	Total Assets (A: Dec. 2016 )
	=	0	/	7.208
	=

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

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	0.15	/	1.094
	=	0.14

PSYC (OTCPK:PSYC) 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.

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

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PSYC (PSYC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » PSYC Corp (OTCPK:PSYC) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

2881 South Valley View Boulevard, Suite 9, Las Vegas, NV, USA, 89102

Website

https://www.psyccorporation.com

PSYC Corp is a media-focused company serving the expanding industry and community of medicinal psychedelics. Through its media platform, Psychedelic Spotlight, the company has positioned itself right at the very core of the psychedelics renaissance. Technical420 is also one such platform that provides information and analysis on public and private companies. These platforms provide the Company with an opportunity to dominate the intersection of cannabis and psychedelics as a media leader. Along with its subsidiary, the group offers public relations and media-focused services to companies within the medicinal psychedelics industry and other niche industries that includes cannabis, health, and wellness, and sports, among others.