Tevano Systems Holdings (XCNQ:TEVO) LT-Debt-to-Total-Asset : 0.29 (As of Mar. 2023)

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What is Tevano Systems Holdings 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. Tevano Systems Holdings's long-term debt to total assests ratio for the quarter that ended in Mar. 2023 was 0.29.

Tevano Systems Holdings's long-term debt to total assets ratio increased from Mar. 2022 (0.28) to Mar. 2023 (0.29). It may suggest that Tevano Systems Holdings is progressively becoming more dependent on debt to grow their business.

Tevano Systems Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Tevano Systems Holdings'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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Tevano Systems Holdings LT-Debt-to-Total-Asset Chart

Tevano Systems Holdings Annual Data

Trend

Jun21

Jun22

LT-Debt-to-Total-Asset

0.71

Tevano Systems Holdings Quarterly Data
	Mar20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial						0.28	-	0.60	0.74	0.29

Tevano Systems Holdings LT-Debt-to-Total-Asset Calculation

Tevano Systems Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2022 is calculated as

LT Debt to Total Assets (A: Jun. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2022 )	/	Total Assets (A: Jun. 2022 )
	=	0	/	0.075
	=	0.00

Tevano Systems Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (Q: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2023 )	/	Total Assets (Q: Mar. 2023 )
	=	0.03	/	0.105
	=

Tevano Systems Holdings (XCNQ:TEVO) 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.

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Tevano Systems Holdings (XCNQ:TEVO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Tevano Systems Holdings Inc (XCNQ:TEVO) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

TEVNF:USA 7RBA:Germany

Address

1030 West Georgia Street, Suite 1303, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.tevano.com

Tevano Systems Holdings Inc is in the business of designing, developing, marketing, and selling self-service kiosks for non-physical contact monitoring, testing temperatures and dispensing hand sanitizer for the post COVID-19 environment.

Executives

John Benjamin Sawchuk

10% Security Holder, Director, Senior Officer

Tevano Systems Holdings (XCNQ:TEVO) Headlines

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