Direct Digital Holdings (Direct Digital Holdings) LT-Debt-to-Total-Asset : 0.43 (As of Dec. 2023)

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What is Direct Digital Holdings 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. Direct Digital Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.43.

Direct Digital Holdings's long-term debt to total assets ratio increased from Dec. 2022 (0.41) to Dec. 2023 (0.43). It may suggest that Direct Digital Holdings is progressively becoming more dependent on debt to grow their business.

Direct Digital Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Direct Digital Holdings'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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Direct Digital Holdings LT-Debt-to-Total-Asset Chart

Direct Digital Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.30

0.38

0.56

0.41

0.43

Direct Digital Holdings Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial										0.41	0.44	0.38	0.27	0.43

Direct Digital Holdings LT-Debt-to-Total-Asset Calculation

Direct Digital Holdings'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 )
	=	29.351	/	69.01
	=	0.43

Direct Digital Holdings'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 )
	=	29.351	/	69.01
	=	0.43

Direct Digital Holdings (NAS:DRCTW) 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.

Direct Digital Holdings LT-Debt-to-Total-Asset Related Terms

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Direct Digital Holdings (Direct Digital Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Direct Digital Holdings Inc (NAS:DRCTW) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

DRCT:USA

Address

1177 West Loop South, Suite 1310, Houston, TX, USA, 77027

Website

https://www.directdigitalholdings.com

Direct Digital Holdings Inc is an end-to-end, full-service programmatic advertising platform primarily focused on providing advertising technology, data-driven campaign optimization and other solutions to underserved and less efficient markets on both the buy- and sell-side of the digital advertising ecosystem.