ACASF (Acast AB) LT-Debt-to-Total-Asset : 0.06 (As of Sep. 2024)

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What is Acast AB LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Acast AB's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.06.

Acast AB's long-term debt to total assets ratio increased from Sep. 2023 (0.00) to Sep. 2024 (0.06). It may suggest that Acast AB is progressively becoming more dependent on debt to grow their business.

Acast AB LT-Debt-to-Total-Asset Historical Data

The historical data trend for Acast AB's LT-Debt-to-Total-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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Acast AB LT-Debt-to-Total-Asset Chart

Acast AB Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.19

0.01

Acast AB Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	-	-	0.06

Acast AB LT-Debt-to-Total-Asset Calculation

Acast AB's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	0.003	/	168.096
	=	0.00

Acast AB's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	11.288	/	175.86
	=	0.06

Acast AB (OTCPK:ACASF) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Acast AB LT-Debt-to-Total-Asset Related Terms

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Acast AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Acast AB (OTCPK:ACASF) » Definitions » LT-Debt-to-Total-Asset

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ACAST:Sweden 0PN:Germany

Address

Kungsgatan 28, Stockholm, SWE, 111 35

Website

https://www.acast.com

Acast AB is the curated, fully integrated, fastest growing podcast marketplace in the world. It offers podcast hosting, growth, and then monetization through both a creative and curated advertising marketplace, as well as membership features to connect podcasters with paying fans. The group has three operating segments- Europe, North America and others. Majority of revenue is generated from Europe segment.