Betr Entertainment (ASX:BBT) LT-Debt-to-Total-Asset : 0.05 (As of Dec. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Betr Entertainment 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. Betr Entertainment's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.05.

Betr Entertainment's long-term debt to total assets ratio increased from Dec. 2023 (0.01) to Dec. 2024 (0.05). It may suggest that Betr Entertainment is progressively becoming more dependent on debt to grow their business.

Betr Entertainment LT-Debt-to-Total-Asset Historical Data

The historical data trend for Betr Entertainment'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.

* Premium members only.

Betr Entertainment LT-Debt-to-Total-Asset Chart

Betr Entertainment Annual Data

Trend

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

0.01

Betr Entertainment Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.01	0.01	0.01	-	0.05

Betr Entertainment LT-Debt-to-Total-Asset Calculation

Betr Entertainment's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (A: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2024 )	/	Total Assets (A: Jun. 2024 )
	=	0.141	/	37.509
	=	0.00

Betr Entertainment's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	5.008	/	96.888
	=	0.05

Betr Entertainment (ASX:BBT) 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.

Betr Entertainment LT-Debt-to-Total-Asset Related Terms

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

Betr Entertainment Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Betr Entertainment Ltd (ASX:BBT) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Spring Street, Level 9, Sydney, NSW, AUS, 2000

Website

https://www.bluebet.com.au

BlueBet Holdings Ltd is engaged in offering sports and racing betting products and services to online and telephone clients, via its online wagering platform and mobile applications. Its main product line includes sports, horse racing, greyhound racing, harness racing, and on-track bets. The company generates its income from wagering revenue. It is organized into three operating segments; Australia which derives key revenue, North America, and Corporate.

Betr Entertainment Headlines

No Headlines