DUG Technology (ASX:DUG) LT-Debt-to-Total-Asset : 0.23 (As of Dec. 2023)

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What is DUG Technology 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. DUG Technology's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.23.

DUG Technology's long-term debt to total assets ratio declined from Dec. 2022 (0.28) to Dec. 2023 (0.23). It may suggest that DUG Technology is progressively becoming less dependent on debt to grow their business.

DUG Technology LT-Debt-to-Total-Asset Historical Data

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

DUG Technology Annual Data

Trend

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

0.28

0.34

0.23

DUG Technology Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.22	0.34	0.28	0.23	0.23

DUG Technology LT-Debt-to-Total-Asset Calculation

DUG Technology'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 )
	=	16.314	/	70.133
	=	0.23

DUG Technology'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 )
	=	23.033	/	100.77
	=	0.23

DUG Technology (ASX:DUG) 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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DUG Technology (ASX:DUG) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

76 Kings Park Road, West Perth, Perth, WA, AUS, 6005

Website

https://www.dug.com

DUG Technology Ltd is a technology company providing high performance computing as a service (HPCaaS), scientific data analysis services, and software solutions for the technology and resource sectors. Also, the company offers data management, multi-tiered support for optimising third-party algorithms, and integrated scientific software and services. The company has Three reportable segments which includes HPCaaS, Services, and Software segments and the company generates majority of its revenue from services segment.