Data3 (ASX:DTL) LT-Debt-to-Total-Asset : 0.05 (As of Dec. 2023)

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What is Data3 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. Data3's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.05.

Data3's long-term debt to total assets ratio declined from Dec. 2022 (0.06) to Dec. 2023 (0.05). It may suggest that Data3 is progressively becoming less dependent on debt to grow their business.

Data3 LT-Debt-to-Total-Asset Historical Data

The historical data trend for Data3'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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Data3 LT-Debt-to-Total-Asset Chart

Data3 Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.03

0.04

0.03

0.02

Data3 Semi-Annual Data
	Jun14	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															0.08	0.03	0.06	0.02	0.05

Data3 LT-Debt-to-Total-Asset Calculation

Data3'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 )
	=	20.296	/	935.605
	=	0.02

Data3'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 )
	=	18.416	/	392.585
	=	0.05

Data3 (ASX:DTL) 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.

Data3 LT-Debt-to-Total-Asset Related Terms

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Data3 (ASX:DTL) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Data3 Ltd (ASX:DTL) » Definitions » LT-Debt-to-Total-Asset

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20Y:Germany

Address

555 Coronation Drive, Level 1, Toowong, Brisbane, QLD, AUS, 4066

Website

http://www.data3.com.au

Data3 Ltd is an information technology services and solutions provider company. Its technology solutions are broadly categorized into Cloud, Modern Workplace, Security, Data and Analytics, and Connectivity. The company's only segment being is that of value-added IT reseller and IT solutions provider. It derives revenue from Infrastructure Solutions; Software Solutions; Business Aspect; Project Services; Support Services; People Solutions and Discovery Technology.

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