Novatti Group (ASX:NOV) LT-Debt-to-Total-Asset : 0.00 (As of Dec. 2024)

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What is Novatti Group 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. Novatti Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.00.

Novatti Group's long-term debt to total assets ratio declined from Dec. 2023 (0.01) to Dec. 2024 (0.00). It may suggest that Novatti Group is progressively becoming less dependent on debt to grow their business.

Novatti Group LT-Debt-to-Total-Asset Historical Data

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

Novatti Group Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.21

0.03

0.02

0.08

0.02

Novatti Group Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial													0.08	0.08	0.01	0.02	-

Novatti Group LT-Debt-to-Total-Asset Calculation

Novatti Group'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 )
	=	2.292	/	123.857
	=	0.02

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

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	0.087	/	101.26
	=	0.00

Novatti Group (ASX:NOV) 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.

Novatti Group LT-Debt-to-Total-Asset Related Terms

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Novatti Group Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

461 Bourke Street, Level 3, Melbourne, VIC, AUS, 3000

Website

https://www.novatti.com

Novatti Group Ltd is a software technology company. The company's operating segment includes Payments AU/NZ, Payments International, Technology, and Investments. The Payments AU/NZ segment that derives majority revenue, which incorporates Payments Acquiring, Card Issuing, Cross Border Payments and Novatti Billpa. The company operates in Australia and New Zealand, Malta, Malaysia, Brazil, and United States.