Kinatico (ASX:KYP) LT-Debt-to-Total-Asset : 0.03 (As of Dec. 2023)

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What is Kinatico 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. Kinatico's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.03.

Kinatico's long-term debt to total assets ratio declined from Dec. 2022 (0.04) to Dec. 2023 (0.03). It may suggest that Kinatico is progressively becoming less dependent on debt to grow their business.

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

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

Kinatico Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.05

0.03

Kinatico Semi-Annual Data
	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												-	0.05	0.04	0.03	0.03

Kinatico LT-Debt-to-Total-Asset Calculation

Kinatico'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 )
	=	1.116	/	32.441
	=	0.03

Kinatico'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 )
	=	0.911	/	32.385
	=	0.03

Kinatico (ASX:KYP) 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.

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

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Kinatico (ASX:KYP) Business Description

Industry

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

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Traded in Other Exchanges

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Address

999 Hay Street, Level 4, Perth, WA, AUS, 6000

Website

https://www.kinatico.com

Kinatico Ltd is a know-your-people technology company helping employers to manage their workforce and meet their regulatory compliance needs. It operates an online screening and verification service through its website cvcheck.biz. The company has developed an online interface for users to engage CVCheck to access primary and third-party information data providers and sources. Its geographical segments are Australia and New Zealand. Generating, a majority of its revenue from Australia.

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