Smartspace Software (LSE:SMRT) LT-Debt-to-Total-Asset : 0.02 (As of Jul. 2023)

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What is Smartspace Software 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. Smartspace Software's long-term debt to total assests ratio for the quarter that ended in Jul. 2023 was 0.02.

Smartspace Software's long-term debt to total assets ratio increased from Jul. 2022 (0.00) to Jul. 2023 (0.02). It may suggest that Smartspace Software is progressively becoming more dependent on debt to grow their business.

Smartspace Software LT-Debt-to-Total-Asset Historical Data

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

Smartspace Software Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

LT-Debt-to-Total-Asset

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0.02

0.01

0.02

0.01

Smartspace Software Semi-Annual Data
	Jan14	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	-	-	0.01	0.02

Smartspace Software LT-Debt-to-Total-Asset Calculation

Smartspace Software's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jan. 2023 is calculated as

LT Debt to Total Assets (A: Jan. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jan. 2023 )	/	Total Assets (A: Jan. 2023 )
	=	0.233	/	16.586
	=	0.01

Smartspace Software's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jul. 2023 is calculated as

LT Debt to Total Assets (Q: Jul. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jul. 2023 )	/	Total Assets (Q: Jul. 2023 )
	=	0.233	/	14.583
	=	0.02

Smartspace Software (LSE:SMRT) 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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Smartspace Software (LSE:SMRT) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Smartspace Software PLC (LSE:SMRT) » Definitions » LT-Debt-to-Total-Asset

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Address

4 Fordham House Court, Fordham House Estate, Fordham, Cambridgeshire, GBR, CB7 5LL

Website

https://www.smartspaceplc.com

Smartspace Software PLC is engaged in the development and sale of software products. It is also engaged in the sale and installation of audio-visual hardware products. It operates through the following segments SwipedOn, and Space Connect. The firm generates the majority of revenue from the SwipedOn segment which is engaged in the sale and support of self-service visitor management software to customers throughout the world.