ServiceNow (NEOE:NOWS) Debt-to-Asset : 0.12 (As of Sep. 2024)

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What is ServiceNow Debt-to-Asset?

ServiceNow's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$144 Mil. ServiceNow's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$2,897 Mil. ServiceNow's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was C$24,971 Mil. ServiceNow's debt to asset for the quarter that ended in Sep. 2024 was 0.12.

ServiceNow Debt-to-Asset Historical Data

The historical data trend for ServiceNow'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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ServiceNow Debt-to-Asset Chart

ServiceNow Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.19

0.25

0.21

0.17

0.13

ServiceNow 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															0.15	0.13	0.13	0.12	0.12

Competitive Comparison of ServiceNow's Debt-to-Asset

For the Software - Application subindustry, ServiceNow'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.

ServiceNow's Debt-to-Asset Distribution in the Software Industry

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

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

ServiceNow Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

ServiceNow'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
	=	(119.402	+	2944.812)	/	23326.399
	=	0.13

ServiceNow'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
	=	(143.588	+	2897.489)	/	24970.696
	=	0.12

ServiceNow (NEOE:NOWS) 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.

ServiceNow Debt-to-Asset Related Terms

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ServiceNow Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ServiceNow Inc (NEOE:NOWS) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

NOW:USA NOWW:Mexico 1NOW:Italy 0L5N:UK 4S00:Germany N1OW34:Brazil SNOW:Austria

Address

2225 Lawson Lane, Santa Clara, CA, USA, 95054

Website

https://www.servicenow.com

ServiceNow Inc provides software solutions to structure and automate various business processes via a SaaS delivery model. The company primarily focuses on the IT function for enterprise customers. ServiceNow began with IT service management, expanded within the IT function, and more recently directed its workflow automation logic to functional areas beyond IT, notably customer service, HR service delivery, and security operations. ServiceNow also offers an application development platform as a service.

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