The Descartes Systems Group (The Descartes Systems Group) LT-Debt-to-Total-Asset : 0.00 (As of Jan. 2024)

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What is The Descartes Systems 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. The Descartes Systems Group's long-term debt to total assests ratio for the quarter that ended in Jan. 2024 was 0.00.

The Descartes Systems Group's long-term debt to total assets ratio stayed the same from Jan. 2023 (0.00) to Jan. 2024 (0.00).

The Descartes Systems Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for The Descartes Systems 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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The Descartes Systems Group LT-Debt-to-Total-Asset Chart

The Descartes Systems Group Annual Data

Trend

Jan15

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Jan17

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Jan24

LT-Debt-to-Total-Asset

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0.01

The Descartes Systems Group Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	-	-	-

The Descartes Systems Group LT-Debt-to-Total-Asset Calculation

The Descartes Systems Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jan. 2024 is calculated as

LT Debt to Total Assets (A: Jan. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jan. 2024 )	/	Total Assets (A: Jan. 2024 )
	=	3.903	/	1474.285
	=	0.00

The Descartes Systems Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jan. 2024 is calculated as

LT Debt to Total Assets (Q: Jan. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jan. 2024 )	/	Total Assets (Q: Jan. 2024 )
	=	3.903	/	1474.285
	=	0.00

The Descartes Systems Group (NAS:DSGX) 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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The Descartes Systems Group (The Descartes Systems Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » The Descartes Systems Group Inc (NAS:DSGX) » Definitions » LT-Debt-to-Total-Asset

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DC2:Germany DC2:Germany DSG:Canada

Address

120 Randall Drive, Waterloo, ON, CAN, N2V 1C6

Website

https://www.descartes.com

The Descartes Systems Group provides a software solution that allows users in the shipping industry to communicate with one another. The core product is the Global Logistics Network, which is best understood as transaction driven. Descartes charges clients to send/receive messages, data, and documents on the GLN (the transactions). Customers typically contract for a monthly minimum over a multiyear period. The GLN platform allows for Descartes to upsell additional software modules as well, typically provided via a software-as-a-service model.