| LTE Stock | | | CAD 0.1 0.00 0.00% |
Insider
Bob Moody is VP Operations of Lite Access Technologies
| Address | 6039 196 Street, Surrey, BC, Canada, V3S 7X4 |
| Phone | 604-247-4704 |
| Web | https://liteaccess.com |
Lite Access Management Efficiency
The company has return on total asset
(ROA) of
(0.2383) % which means that it has lost $0.2383 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity
(ROE) of
(34.7872) %, meaning that it generated substantial loss on money invested by shareholders. Lite Access' management efficiency ratios could be used to measure how well Lite Access manages its routine affairs as well as how well it operates its assets and liabilities.
Return On Equity is likely to climb to 8.22 in 2024, whereas
Return On Tangible Assets are likely to drop
(0.62) in 2024. At this time, Lite Access'
Other Current Assets are fairly stable compared to the past year.
Intangibles To Total Assets is likely to climb to 0.44 in 2024, whereas
Total Current Assets are likely to drop slightly above 2.3
M in 2024.
Lite Access Technologies has accumulated 738.88
K in total debt with debt to equity ratio
(D/E) of 5.9, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Lite Access Technologies has a current ratio of 4.45, suggesting that it is
liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist Lite Access until it has trouble settling it off, either with new capital or with free cash flow. So, Lite Access' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Lite Access Technologies sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Lite to invest in growth at high rates of return. When we think about Lite Access' use of debt, we should always consider it together with cash and equity.
Lite Access Technologies Inc. manufactures, distributes, sells, and installs fiber optic technology specializing in micro ducts and air-blown fiber in Canada, the United States, the United Kingdom, and internationally. Lite Access Technologies Inc. was incorporated in 2003 and is headquartered in Langley, Canada. LITE ACCESS operates under Communication Equipment classification in Canada and is traded on TSX Venture Exchange. Lite Access Technologies (LTE) is traded on TSX Venture Exchange in Canada and employs 8 people. Lite Access is listed under Communications Equipment category by Fama And French industry classification.
Management Performance
Lite Access Technologies Leadership Team
Elected by the shareholders, the Lite Access' board of directors comprises two types of representatives: Lite Access inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Lite. The board's role is to monitor Lite Access' management team and ensure that shareholders' interests are well served. Lite Access' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Lite Access' outside directors are responsible for providing unbiased perspectives on the board's policies.
Lite Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Lite Access a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
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Additional Tools for Lite Stock Analysis
When running Lite Access' price analysis, check to
measure Lite Access' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Lite Access is operating at the current time. Most of Lite Access' value examination focuses on studying past and present price action to
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