Reddit (Reddit) Debt-to-Asset : 0.01 (As of Mar. 2024)

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What is Reddit Debt-to-Asset?

Reddit's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $4.4 Mil. Reddit's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $20.8 Mil. Reddit's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was $2,015.9 Mil. Reddit's debt to asset for the quarter that ended in Mar. 2024 was 0.01.

Reddit Debt-to-Asset Historical Data

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

Reddit Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

0.04

0.01

0.02

Reddit Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial									0.01	-	0.02	0.02	0.01

Competitive Comparison of Reddit's Debt-to-Asset

For the Internet Content & Information subindustry, Reddit'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.

Reddit's Debt-to-Asset Distribution in the Interactive Media Industry

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

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

Reddit Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Reddit'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
	=	(3.707	+	22.04)	/	1596.467
	=	0.02

Reddit's Debt-to-Asset for the quarter that ended in Mar. 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
	=	(4.383	+	20.835)	/	2015.896
	=	0.01

Reddit (NYSE:RDDT) 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.

Reddit Debt-to-Asset Related Terms

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Reddit (Reddit) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Reddit Inc (NYSE:RDDT) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

303 2nd Street, South Tower, 5th Floor, South Tower, 5th Floor, CA, USA, 94107

Website

https://www.redditinc.com

Reddit Inc is engaged in providing internet content. The company provides online services that include gaming, sports, business, crypto, television and others.

Reddit (Reddit) Headlines

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