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SanDisk Corp (NAS:SNDK)
LT-Debt-to-Total-Asset
0.00 (As of Mar. 2016)

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 divide by its total assets. SanDisk Corp's long-term debt to total assests ratio for the quarter that ended in Mar. 2016 was 0.00.

SanDisk Corp's long-term debt to total assets ratio declined from Mar. 2015 (0.13) to Mar. 2016 (0.00). It may suggest that SanDisk Corp is progressively becoming less dependent on debt to grow their business.

Definition

SanDisk Corp's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2015 is calculated as

 LT Debt to Total Assets (A: Dec. 2015 ) = Long-Term Debt (A: Dec. 2015 ) / Total Assets (A: Dec. 2015 ) = 1237.776 / 9230.761 = 0.13

SanDisk Corp's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2016 is calculated as

 LT Debt to Total Assets (Q: Mar. 2016 ) = Long-Term Debt (Q: Mar. 2016 ) / Total Assets (Q: Mar. 2016 ) = 0 / 9511.856 = 0.00

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

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.

Related Terms

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

SanDisk Corp Annual Data

 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 ltd2asset 0.18 0.17 0.16 0.16 0.20 0.16 0.08 0.19 0.12 0.13

SanDisk Corp Quarterly Data

 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 ltd2asset 0.19 0.11 0.11 0.11 0.12 0.13 0.13 0.24 0.13 0.00
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