Reckon (ASX:RKN) LT-Debt-to-Total-Asset : 0.14 (As of Dec. 2024)

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What is Reckon 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. Reckon's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.14.

Reckon's long-term debt to total assets ratio increased from Dec. 2023 (0.10) to Dec. 2024 (0.14). It may suggest that Reckon is progressively becoming more dependent on debt to grow their business.

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

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

Reckon Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.44

0.27

0.14

0.10

0.14

Reckon 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															0.14	0.05	0.10	-	0.14

Reckon LT-Debt-to-Total-Asset Calculation

Reckon's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	6.363	/	46.398
	=	0.14

Reckon'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 )
	=	6.363	/	46.398
	=	0.14

Reckon (ASX:RKN) 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.

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

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Reckon Business Description

Industry

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

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Traded in Other Exchanges

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Address

100 Pacific Highway, Level 2, North Sydney, Sydney, NSW, AUS, 2060

Website

https://www.reckon.com.au

Reckon Ltd provides accounting and payroll software to the small and medium enterprise market. It operates in two segments: Business Group, which develops, distributes, and supports business accounting and personal financial software, as well as related products and services; Practice Management Group, Lega is into development, distribution, and support of cost recovery, scan, and cloud-based integration platforms under the nQ Zebraworks brand predominantly to the legal market. The company's geographical segments are Australia, the United States, and Other countries. The company generates the majority of its revenue from Australia.

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