3P Learning (ASX:3PL) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2023)

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What is 3P Learning 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. 3P Learning's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.01.

3P Learning's long-term debt to total assets ratio increased from Dec. 2022 (0.00) to Dec. 2023 (0.01). It may suggest that 3P Learning is progressively becoming more dependent on debt to grow their business.

3P Learning LT-Debt-to-Total-Asset Historical Data

The historical data trend for 3P Learning'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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3P Learning LT-Debt-to-Total-Asset Chart

3P Learning Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.05

0.01

3P Learning Semi-Annual Data
	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														0.01	-	-	-	0.01

3P Learning LT-Debt-to-Total-Asset Calculation

3P Learning's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	0.855	/	262.735
	=	0.00

3P Learning'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 )
	=	1.578	/	268.779
	=	0.01

3P Learning (ASX:3PL) 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.

3P Learning LT-Debt-to-Total-Asset Related Terms

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3P Learning (ASX:3PL) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » 3P Learning Ltd (ASX:3PL) » Definitions » LT-Debt-to-Total-Asset

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Address

655 Parramatta Road, Leichhardt, Sydney, NSW, AUS, 2040

Website

https://www.3plearning.com

3P Learning Ltd engages in the development, sale, and marketing of online educational programs. It provides learning resources to schools and parents of school-aged students. It provides online education with e-learning programs covering mathematics, spelling, literacy, reading, and phonics. The firm is organized into geographic operating segments: Asia-Pacific (APAC), United States of America, Canada and South America (Americas) and Europe, and Middle-East and Africa. The company offers its products under the Mathseeds, Mathletics, Reading Eggs, Spellodrome, and WordFlyers brand names. The majority of its revenue gets derived from the APAC segment.

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