The Ultimate Software Group (The Ultimate Software Group) LT-Debt-to-Total-Asset : 0.00 (As of Mar. 2019)

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What is The Ultimate Software 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 Ultimate Software Group's long-term debt to total assests ratio for the quarter that ended in Mar. 2019 was 0.00.

The Ultimate Software Group's long-term debt to total assets ratio increased from Mar. 2018 (0.00) to Mar. 2019 (0.00). It may suggest that The Ultimate Software Group is progressively becoming more dependent on debt to grow their business.

The Ultimate Software Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for The Ultimate Software 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 Ultimate Software Group LT-Debt-to-Total-Asset Chart

The Ultimate Software Group Annual Data

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LT-Debt-to-Total-Asset

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The Ultimate Software Group Quarterly Data
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LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	-	-	-

The Ultimate Software Group LT-Debt-to-Total-Asset Calculation

The Ultimate Software Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2018 is calculated as

LT Debt to Total Assets (A: Dec. 2018 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2018 )	/	Total Assets (A: Dec. 2018 )
	=	5.739	/	1920.717
	=	0.00

The Ultimate Software Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2019 is calculated as

LT Debt to Total Assets (Q: Mar. 2019 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2019 )	/	Total Assets (Q: Mar. 2019 )
	=	7.136	/	2716.271
	=	0.00

The Ultimate Software Group (NAS:ULTI) 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 Ultimate Software Group (The Ultimate Software Group) Business Description

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

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Address

2000 Ultimate Way, Weston, FL, USA, 33326

Website

http://www.ultimatesoftware.com

The Ultimate Software Group is a provider of human capital management software solutions. The firm's UltiPro product suite includes human resources, payroll, and benefits management functionality, available in 12 languages and 35 country-specific localizations. Its solutions manage the complete employee lifecycle from recruitment to retirement, and include talent acquisition and onboarding, performance management, salary planning, budgeting, succession management, reporting, and analytical capabilities. The firm generates revenue through cloud subscription fees and implementation consulting services fees. All of the firm's revenue is generated in the United States and Canada.

Executives