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SPAI (Safe Pro Group) LT-Debt-to-Total-Asset : 0.07 (As of Dec. 2023)


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What is Safe Pro Group 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. Safe Pro Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.07.

Safe Pro Group's long-term debt to total assets ratio increased from . 20 (0.00) to Dec. 2023 (0.07). It may suggest that Safe Pro Group is progressively becoming more dependent on debt to grow their business.

Safe Pro Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Safe Pro Group'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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Safe Pro Group LT-Debt-to-Total-Asset Chart

Safe Pro Group Annual Data
Trend Dec22 Dec23
LT-Debt-to-Total-Asset
0.07 0.07

Safe Pro Group Semi-Annual Data
Dec22 Dec23
LT-Debt-to-Total-Asset 0.07 0.07

Safe Pro Group LT-Debt-to-Total-Asset Calculation

Safe Pro Group'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 )
=0.237/3.43
=0.07

Safe Pro Group'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 )
=0.237/3.43
=0.07

* 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.

Safe Pro Group  (NAS:SPAI) 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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Safe Pro Group Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Safe Pro Group Inc (NAS:SPAI) » Definitions » LT-Debt-to-Total-Asset
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Address
18305 Biscayne boulevard, Suite 222, Aventura, FL, USA, 33160
Website
https://www.safeprogroup.com
Safe Pro Group Inc operates to acquire innovative security and protection products. Its emphasis is on the development of a cloud-based ecosystem for analyzing drone imagery and data utilizing proprietary artificial intelligence ("AI"), machine learning, deep learning, and applied computer vision software for hyper scalable processing, analysis, and reporting. The Company operated in three reportable business segments which consisted of (1) the business of Safe-Pro USA, (2) the business of Airborne Response, and (3) the business of Safe Pro AI. Key revenue is generated from Safe-Pro USA.