Ondo InsurTech (LSE:ONDO) Debt-to-Asset : 2.21 (As of Sep. 2023)

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What is Ondo InsurTech Debt-to-Asset?

Ondo InsurTech's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was £0.00 Mil. Ondo InsurTech's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was £6.14 Mil. Ondo InsurTech's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2023 was £2.77 Mil. Ondo InsurTech's debt to asset for the quarter that ended in Sep. 2023 was 2.21.

Ondo InsurTech Debt-to-Asset Historical Data

The historical data trend for Ondo InsurTech's Debt-to-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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Ondo InsurTech Debt-to-Asset Chart

Ondo InsurTech Annual Data

Trend

Debt-to-Asset

Ondo InsurTech Semi-Annual Data
	Aug21	Feb22	Aug22	Sep23
Debt-to-Asset	-	-	2.19	2.21

Competitive Comparison of Ondo InsurTech's Debt-to-Asset

For the Scientific & Technical Instruments subindustry, Ondo InsurTech's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Ondo InsurTech's Debt-to-Asset Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Ondo InsurTech's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Ondo InsurTech's Debt-to-Asset falls into.

Ondo InsurTech Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Ondo InsurTech's Debt-to-Asset for the fiscal year that ended in . 20 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(	+	)	/
	=	N/A

Ondo InsurTech's Debt-to-Asset for the quarter that ended in Sep. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0	+	6.142)	/	2.774
	=	2.21

Ondo InsurTech (LSE:ONDO) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Ondo InsurTech Debt-to-Asset Related Terms

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Ondo InsurTech (LSE:ONDO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ondo InsurTech PLC (LSE:ONDO) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

1AI:Germany

Address

60 Gracechurch Street, 6th Floor, London, GBR, EC3V 0HR

Website

https://www.ondoplc.com

Ondo InsurTech PLC is into the Insuretech business in the home insurance Industry. The company's Leakbot system comprises a self-install sensor that clips to a pipe and detects a leak anywhere on a main water system. The company derives revenue from water leak detection devices, water leak detection services, Repair services, and consultancy services. The company has a geographical presence in the UK, USA, and Europe. The company derives the majority of its revenue from the UK.

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