Benefitfocus (Benefitfocus) LT-Debt-to-Total-Asset : 0.79 (As of Sep. 2022)

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What is Benefitfocus 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. Benefitfocus's long-term debt to total assests ratio for the quarter that ended in Sep. 2022 was 0.79.

Benefitfocus's long-term debt to total assets ratio increased from Sep. 2021 (0.73) to Sep. 2022 (0.79). It may suggest that Benefitfocus is progressively becoming more dependent on debt to grow their business.

Benefitfocus LT-Debt-to-Total-Asset Historical Data

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

Benefitfocus Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

LT-Debt-to-Total-Asset

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0.46

0.75

0.83

0.73

0.70

Benefitfocus 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	0.70	0.77	0.79	0.79

Benefitfocus LT-Debt-to-Total-Asset Calculation

Benefitfocus'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 )
	=	183.039	/	260.841
	=	0.70

Benefitfocus'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 )
	=	184.766	/	233.713
	=	0.79

Benefitfocus (NAS:BNFT) 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.

Benefitfocus LT-Debt-to-Total-Asset Related Terms

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Benefitfocus (Benefitfocus) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Benefitfocus Inc (NAS:BNFT) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 Benefitfocus Way, Charleston, SC, USA, 29492

Website

https://www.benefitfocus.com

Benefitfocus Inc is a cloud-based benefits management platform for consumers, employers, insurance carriers, and brokers. The firm's solutions support core benefits plans, including healthcare, dental, life, and disability insurance. Benefitfocus sells its solutions on a subscription basis, typically through annual contracts with employers, and multi-year contracts with insurance carriers. It generates all of its revenue in the United States.

Executives

Zeynep Young	director	825 MAIN ST., SUITE 100, BUDA TX 78610
A Lanham Napier	director, 10 percent owner	701 W. CASTANO, SAN ANTONIO TX 78209
Alpana Wegner	officer: Chief Financial Officer	C/O BENEFITFOCUS, INC., 100 BENEFITFOCUS WAY, CHARLESTON SC 29492
Matthew Levin	director, officer: President and CEO	NEUSTAR, INC., 4600 CENTER OAK PLAZA, STERLING VA 20166
Alexander Lerner	director	C/O INDABA CAPITAL MANAGEMENT, LLC, ONE LETTERMAN DR., BLDING D, SUITE DM700, SAN FRANCISCO CA 94129
Indaba Capital Fund, L.p.	director	MAPLES CORPORATE SERVICES, 121 SOUTH CHURCH STREET, GRAND CAYMAN E9 KY1-1104
Indaba Capital Management, L.p.	10 percent owner	ONE LETTERMAN DRIVE, BUILDING D, SUITE DM700, SAN FRANCISCO CA 94129
Ic Gp, Llc	10 percent owner	ONE LETTERMAN DRIVE,, BUILDING D, SUITE DM700, SAN FRANCISCO CA 94129
Derek C Schrier	10 percent owner	C/O INDABA CAPITAL MANAGEMENT, LLC, ONE LETTERMAN DR., BLDING D, SUITE DM700, SAN FRANCISCO CA 94129
J Bradley Wilson	director	227 MIDENHALL WAY, CARY NC 27513
John J Park	director	C/O APAC CUSTOMER SERVICES, INC., SIX PARKWAY NORTH, DEERFIELD IL 60015
Rushing Coretha M	director	C/O EQUIFAX INC., 1550 PEACHTREE STREET NW, ATLANTA GA 30309
Barry D Libert	director	C/O BENEFITFOCUS, INC., 100 BENEFITFOCUS WAY, CHARLESTON SC 29492
Buildgroup Management, Llc	10 percent owner	3500 JEFFERSON ST., SUITE 303, AUSTIN TX 78731
Buildgroup Llc	10 percent owner	3500 JEFFERSON STREET, SUITE 303, AUSTIN TX 78731