Activeport Group (ASX:ATV) LT-Debt-to-Total-Asset : 0.03 (As of Dec. 2023)

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What is Activeport Group 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. Activeport Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.03.

Activeport Group's long-term debt to total assets ratio declined from Dec. 2022 (0.06) to Dec. 2023 (0.03). It may suggest that Activeport Group is progressively becoming less dependent on debt to grow their business.

Activeport Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Activeport Group'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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Activeport Group LT-Debt-to-Total-Asset Chart

Activeport Group Annual Data

Trend

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

0.06

0.10

0.04

Activeport Group Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	0.04	0.10	0.06	0.04	0.03

Activeport Group LT-Debt-to-Total-Asset Calculation

Activeport Group'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 )
	=	1.48	/	38.458
	=	0.04

Activeport Group'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 )
	=	1.01	/	40.034
	=	0.03

Activeport Group (ASX:ATV) 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.

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Activeport Group (ASX:ATV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Activeport Group Ltd (ASX:ATV) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

140 St Georges Terrace, Level 28, West Perth, Perth, WA, AUS, 6000

Website

https://www.activeport.com.au

Activeport Group Ltd is engaged in the information technology-related business involving unique edge-to-cloud integrated service. It provides software used to orchestrate network connectivity from the Virtual Edge of the network at a customer's premises to data and Cloud services.