Prophecy International Holdings (ASX:PRO) LT-Debt-to-Total-Asset : 0.02 (As of Dec. 2024)

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What is Prophecy International Holdings 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. Prophecy International Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.02.

Prophecy International Holdings's long-term debt to total assets ratio declined from Dec. 2023 (0.03) to Dec. 2024 (0.02). It may suggest that Prophecy International Holdings is progressively becoming less dependent on debt to grow their business.

Prophecy International Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Prophecy International Holdings'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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Prophecy International Holdings LT-Debt-to-Total-Asset Chart

Prophecy International Holdings Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.05

0.03

0.02

0.03

0.02

Prophecy International Holdings Semi-Annual Data
	Jun15	Dec15	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															0.01	0.03	0.03	0.02	0.02

Prophecy International Holdings LT-Debt-to-Total-Asset Calculation

Prophecy International Holdings'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 )
	=	0.494	/	24.832
	=	0.02

Prophecy International Holdings'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 )
	=	0.409	/	20.989
	=	0.02

Prophecy International Holdings (ASX:PRO) 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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Prophecy International Holdings Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

60 Waymouth Street, Level 5, Adelaide, SA, AUS, 5000

Website

https://www.prophecyinternational.com

Prophecy International Holdings Ltd designs, develops and markets computer software applications and services. The company's product includes Snare a comprehensive set of event monitoring and analysis tools designed to address critical auditing and security requirements and eMite a service intelligence platform delivering personalized, role-based dashboards for IT service management. Its operating segment includes Legacy; Snare and eMite. The company generates maximum revenue from the eMite segment. Geographically, it derives a majority of its revenue from the North America.