COSOL (ASX:COS) LT-Debt-to-Total-Asset : 0.18 (As of Jun. 2024)

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What is COSOL 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. COSOL's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.18.

COSOL's long-term debt to total assets ratio increased from Jun. 2023 (0.16) to Jun. 2024 (0.18). It may suggest that COSOL is progressively becoming more dependent on debt to grow their business.

COSOL LT-Debt-to-Total-Asset Historical Data

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

COSOL Annual Data

Trend

Sep19

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

0.03

0.10

0.16

0.18

COSOL Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.10	0.18	0.16	0.16	0.18

COSOL LT-Debt-to-Total-Asset Calculation

COSOL'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 )
	=	19.927	/	112.554
	=	0.18

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

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	19.927	/	112.554
	=	0.18

COSOL (ASX:COS) 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.

COSOL LT-Debt-to-Total-Asset Related Terms

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COSOL Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

490 Adelaide Street, Level 3, Brisbane, QLD, AUS, 4000

Website

https://www.cosol.global

COSOL Ltd operates in the Information Technology(IT) and business services industry and provides EAM (enterprise asset management) related solutions and infrastructure-focused systems. It offers services such as digital business solutions which include business process and strategic reviews, implementation of enterprise resource planning (ERP)/EAM solutions, data migration, and ongoing support services to clients. The company's revenue is generated from EAM/ERP support services; data migration, and legacy data services. Its geographical segment includes COSOL Asia Pacific and COSOL North America. The company derives a majority of its revenue from the Asia Pacific region.

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