Ainsworth Game Technology (Ainsworth Game Technology) LT-Debt-to-Total-Asset : 0.02 (As of Dec. 2023)

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What is Ainsworth Game Technology 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. Ainsworth Game Technology's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.02.

Ainsworth Game Technology's long-term debt to total assets ratio declined from Dec. 2022 (0.03) to Dec. 2023 (0.02). It may suggest that Ainsworth Game Technology is progressively becoming less dependent on debt to grow their business.

Ainsworth Game Technology LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ainsworth Game Technology'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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Ainsworth Game Technology LT-Debt-to-Total-Asset Chart

Ainsworth Game Technology Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

LT-Debt-to-Total-Asset

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0.14

0.09

0.03

0.13

0.03

Ainsworth Game Technology Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.07	0.03	0.03	0.02	0.02

Ainsworth Game Technology LT-Debt-to-Total-Asset Calculation

Ainsworth Game Technology's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2022 is calculated as

LT Debt to Total Assets (A: Jun. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2022 )	/	Total Assets (A: Jun. 2022 )
	=	8.366	/	285.689
	=	0.03

Ainsworth Game Technology's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	5.855	/	280.086
	=	0.02

Ainsworth Game Technology (OTCPK:AINSF) 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.

Ainsworth Game Technology LT-Debt-to-Total-Asset Related Terms

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Ainsworth Game Technology (Ainsworth Game Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Ainsworth Game Technology Ltd (OTCPK:AINSF) » Definitions » LT-Debt-to-Total-Asset

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AGI:Australia

Address

10 Holker Street, Newington, Sydney, NSW, AUS, 2127

Website

https://www.agtslots.com

Ainsworth Game Technology is an electronic gaming machine manufacturer, selling machines to pubs, clubs, and casinos. The firm is licence in all Australian states and territories, most North American jurisdictions, and several other countries. With the firm's domestic market share and earnings shrinking, the company has shifted focus to international operations, particularly the North American business.