Tower One Wireless (XCNQ:TO) LT-Debt-to-Total-Asset : 0.39 (As of Sep. 2022)

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What is Tower One Wireless 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. Tower One Wireless's long-term debt to total assests ratio for the quarter that ended in Sep. 2022 was 0.39.

Tower One Wireless's long-term debt to total assets ratio declined from Sep. 2021 (0.73) to Sep. 2022 (0.39). It may suggest that Tower One Wireless is progressively becoming less dependent on debt to grow their business.

Tower One Wireless LT-Debt-to-Total-Asset Historical Data

The historical data trend for Tower One Wireless'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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Tower One Wireless LT-Debt-to-Total-Asset Chart

Tower One Wireless Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

LT-Debt-to-Total-Asset

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0.07

0.27

0.16

0.57

Tower One Wireless Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.73	0.57	0.51	0.46	0.39

Tower One Wireless LT-Debt-to-Total-Asset Calculation

Tower One Wireless'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 )
	=	12.381	/	21.887
	=	0.57

Tower One Wireless'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 )
	=	15.968	/	41.487
	=	0.38

Tower One Wireless (XCNQ:TO) 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.

Tower One Wireless LT-Debt-to-Total-Asset Related Terms

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Tower One Wireless (XCNQ:TO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Tower One Wireless Corp (XCNQ:TO) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

535 Howe Street, Suite 600, Vancouver, BC, CAN, V6C 2Z4

Website

https://www.toweronewireless.com

Tower One Wireless Corp is a Canada-based company which is a tower owner, operator, and developer of multitenant communications structures. Its primary business is the leasing of space on communications sites to mobile network operators. The company's geographical segments include Argentina; Colombia; Mexico; the United States of America and others. It derives a majority of revenue from Colombia. Tower-related services include site acquisition, zoning and permitting, structural analysis, and construction which primarily supports the company's site leasing business, including the addition of new tenants and equipment on its sites.

Executives

Robert Nicholas Horsley	Director
Brian Gusko	Director

Tower One Wireless (XCNQ:TO) Headlines

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