Karooooo (Karooooo) Debt-to-Asset : 0.06 (As of Feb. 2024)

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What is Karooooo Debt-to-Asset?

Karooooo's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was $4.9 Mil. Karooooo's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was $9.1 Mil. Karooooo's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Feb. 2024 was $228.2 Mil. Karooooo's debt to asset for the quarter that ended in Feb. 2024 was 0.06.

Karooooo Debt-to-Asset Historical Data

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

Karooooo Annual Data

Trend

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Debt-to-Asset

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0.07

0.36

0.07

0.05

0.06

Karooooo Quarterly Data
	Feb19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Asset	Get a 7-Day Free Trial														0.05	0.05	0.06	0.06	0.06

Competitive Comparison of Karooooo's Debt-to-Asset

For the Software - Application subindustry, Karooooo'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.

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

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

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

Karooooo Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Karooooo's Debt-to-Asset for the fiscal year that ended in Feb. 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
	=	(4.936	+	9.094)	/	228.214
	=	0.06

Karooooo's Debt-to-Asset for the quarter that ended in Feb. 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
	=	(4.936	+	9.094)	/	228.214
	=	0.06

Karooooo (NAS:KARO) 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.

Karooooo Debt-to-Asset Related Terms

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

Karooooo (Karooooo) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Karooooo Ltd (NAS:KARO) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

KRO:South Africa

Address

1 Harbourfront Avenue, Keppel Bay Tower No. 14-07, Singapore, SGP, 098632

Website

https://www.karooooo.com

Karooooo Ltd is a global provider of real-time mobility data analytics solutions for smart transportation. It offers a comprehensive, cloud-based smart mobility platform for connected vehicles and other assets. The company's software-as-a-service platform provides customers with differentiated insights and analytics to optimize business and workforce, increase efficiency and decrease costs, improve safety, monitor environmental impact, assist with regularity compliance and manage risk. The segments of the group are Cartrack; Carzuka; and Karooooo Logistics, of which key revenue is derived from the Cartrack segment.