Sportradar Group AG (Sportradar Group AG) LT-Debt-to-Total-Asset : 0.02 (As of Mar. 2024)

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What is Sportradar Group AG 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. Sportradar Group AG's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.02.

Sportradar Group AG's long-term debt to total assets ratio increased from Mar. 2023 (0.01) to Mar. 2024 (0.02). It may suggest that Sportradar Group AG is progressively becoming more dependent on debt to grow their business.

Sportradar Group AG LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sportradar Group AG'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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Sportradar Group AG LT-Debt-to-Total-Asset Chart

Sportradar Group AG Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.20

0.45

0.24

0.01

0.02

Sportradar Group AG Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial												0.01	0.01	0.01	0.02	0.02

Sportradar Group AG LT-Debt-to-Total-Asset Calculation

Sportradar Group AG'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 )
	=	44.23	/	2450.763
	=	0.02

Sportradar Group AG's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	42.993	/	2429.564
	=	0.02

Sportradar Group AG (NAS:SRAD) 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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Sportradar Group AG (Sportradar Group AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sportradar Group AG (NAS:SRAD) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

1M4:Germany

Address

Feldlistrasse 2, St. Gallen, CHE, CH-9000

Website

https://www.sportradar.com

Sportradar Group AG is a technology platform enabling next-generation engagement in sports, and a provider of B2B solutions to the global sports betting industry. It generates revenue through two primary sources: subscription-based revenue and revenue sharing.