NRGene Technologies (XTAE:NRGN) LT-Debt-to-Total-Asset : 0.05 (As of Dec. 2023)

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What is NRGene Technologies 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. NRGene Technologies's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.05.

NRGene Technologies's long-term debt to total assets ratio increased from Dec. 2022 (0.03) to Dec. 2023 (0.05). It may suggest that NRGene Technologies is progressively becoming more dependent on debt to grow their business.

NRGene Technologies LT-Debt-to-Total-Asset Historical Data

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

NRGene Technologies Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.18

0.05

0.03

0.05

NRGene Technologies Semi-Annual Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.05	0.05	0.03	0.02	0.05

NRGene Technologies LT-Debt-to-Total-Asset Calculation

NRGene Technologies's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	2.024	/	40.362
	=	0.05

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

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	2.024	/	40.362
	=	0.05

NRGene Technologies (XTAE:NRGN) 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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NRGene Technologies (XTAE:NRGN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » NRGene Technologies Ltd (XTAE:NRGN) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

5 Golda Meir Street, Ness-Ziona, ISR, 7403649

Website

https://www.nrgene.com

NRGene Technologies Ltd is engaged in the development of artificial intelligence-based software for the analysis of genetic information in order to improve species of plants and animals.

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