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Magnite (LTS:0A99) Debt-to-Asset : 0.23 (As of Sep. 2024)


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What is Magnite Debt-to-Asset?

Magnite's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $21.9 Mil. Magnite's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $596.7 Mil. Magnite's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was $2,737.9 Mil. Magnite's debt to asset for the quarter that ended in Sep. 2024 was 0.23.

Magnite Debt-to-Asset Historical Data

The historical data trend for Magnite'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.

* Premium members only.

Magnite Debt-to-Asset Chart

Magnite Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.06 0.05 0.30 0.30 0.23

Magnite Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Debt-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.28 0.23 0.26 0.24 0.23

Competitive Comparison of Magnite's Debt-to-Asset

For the Advertising Agencies subindustry, Magnite'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.

Magnite's Debt-to-Asset Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Magnite's Debt-to-Asset distribution charts can be found below:

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


Magnite Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Magnite's Debt-to-Asset for the fiscal year that ended in Dec. 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
=(24.002 + 582.651) / 2688.806
=0.23

Magnite's Debt-to-Asset for the quarter that ended in Sep. 2024 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(21.873 + 596.745) / 2737.871
=0.23

* 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.

Magnite  (LTS:0A99) 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.

Magnite Debt-to-Asset Related Terms

Thank you for viewing the detailed overview of Magnite's Debt-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Magnite Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Magnite Inc (LTS:0A99) » Definitions » Debt-to-Asset
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Traded in Other Exchanges
MGNI:USA MGNI:Mexico 15R:Germany
Address
1250 Broadway, 15th Floor, New York, NY, USA, 10001
Website
https://investor.magnite.com
Magnite is one of the largest supply-side platform providers, or SSP, in online advertising. The firm was previously named The Rubicon Project (an online ad exchange) and became Magnite after merging with Telaria (an SSP focused mainly on streaming video providers) in 2020. The firm also purchased another of the leading SSPs within the CTV market, SpotX, in 2021 for $1.2 billion, cementing its long-term focus on grabbing market share in this area. The firm generates nearly 45% of its revenue from the programmatic sale of CTV ad inventory, 35% from mobile online sites and apps, and the remaining from websites accessed via computer.

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