Digi International (STU:DGI) LT-Debt-to-Total-Asset : 0.22 (As of Mar. 2024)

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What is Digi International 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. Digi International's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.22.

Digi International's long-term debt to total assets ratio declined from Mar. 2023 (0.27) to Mar. 2024 (0.22). It may suggest that Digi International is progressively becoming less dependent on debt to grow their business.

Digi International LT-Debt-to-Total-Asset Historical Data

The historical data trend for Digi International'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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Digi International LT-Debt-to-Total-Asset Chart

Digi International Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

LT-Debt-to-Total-Asset

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0.14

0.10

0.28

0.24

Digi International Quarterly Data
	Jun19	Sep19	Dec19	Mar20	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															0.27	0.25	0.24	0.25	0.22

Digi International LT-Debt-to-Total-Asset Calculation

Digi International's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (A: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2023 )	/	Total Assets (A: Sep. 2023 )
	=	189.311	/	782.893
	=	0.24

Digi International'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 )
	=	169.573	/	759.276
	=	0.22

Digi International (STU:DGI) 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.

Digi International LT-Debt-to-Total-Asset Related Terms

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Digi International (STU:DGI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Digi International Inc (STU:DGI) » Definitions » LT-Debt-to-Total-Asset

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DGII:USA

Address

9350 Excelsior Boulevard, Suite 700, Hopkins, MN, USA, 55343

Website

https://www.digi.com

Digi International Inc is a Minnesota corporation. The company provides business and mission-critical and Internet of Things (IoT) connectivity products and services. It has two segments: IoT Products and Services and IoT Solutions. The IoT Products and Services segment consists of distinct communications products and communication product development services. IoT Solutions segment offers wireless temperature and other environmental condition monitoring services as well as employee task management services. The company generates majority of its revenue from the IoT Products & Services segment. Geographically, the company generates majority of its revenue from its business in the United States and also has its presence in Europe, Middle East and Africa and Rest of the world.