Cape Range (ASX:CAG) LT-Debt-to-Total-Asset : 0.00 (As of Dec. 2023)

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What is Cape Range 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. Cape Range's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.00.

Cape Range's long-term debt to total assets ratio declined from Dec. 2022 (0.01) to Dec. 2023 (0.00). It may suggest that Cape Range is progressively becoming less dependent on debt to grow their business.

Cape Range LT-Debt-to-Total-Asset Historical Data

The historical data trend for Cape Range'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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Cape Range LT-Debt-to-Total-Asset Chart

Cape Range Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.02

0.01

Cape Range Semi-Annual Data
	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	0.01	0.01	-

Cape Range LT-Debt-to-Total-Asset Calculation

Cape Range'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	/	2.131
	=	0.00

Cape Range'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 )
	=	0	/	2.131
	=	0.00

Cape Range (ASX:CAG) 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.

Cape Range LT-Debt-to-Total-Asset Related Terms

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Cape Range (ASX:CAG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Cape Range Ltd (ASX:CAG) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

36 Prestwick Drive, Twin Waters, Maroochydore, QLD, AUS, 4564

Website

https://www.caperange.com.au

Cape Range Ltd is engaged in providing accounting and business intelligence software solutions. Its software solutions cater mainly to small and medium enterprises. It derives revenue from Sales of packaged accounting and business management software, including the warehouse management system. Geographically solutions are offered in Australia and Malaysia.