Straker (ASX:STG) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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What is Straker 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. Straker's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.01.

Straker's long-term debt to total assets ratio declined from Mar. 2023 (0.02) to Mar. 2024 (0.01). It may suggest that Straker is progressively becoming less dependent on debt to grow their business.

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

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

Straker Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.02

0.01

0.02

0.01

Straker Semi-Annual Data
	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial						0.02	-	0.02	0.02	0.01

Straker LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2024 )	/	Total Assets (A: Mar. 2024 )
	=	0.588	/	43.039
	=	0.01

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

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	0.588	/	43.039
	=	0.01

Straker (ASX:STG) 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.

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

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Straker (ASX:STG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Straker Ltd (ASX:STG) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

49 Parkway Drive, Level 2, Rosedale, Auckland, NZL, 0632

Website

https://www.strakertranslations.com

Straker Ltd formerly Straker Translations Ltd is engaged in the provision of language services and language technology via subscriptions to its customers. The company's geographical segments are Asia Pacific (APAC), Europe, Middle East and Africa (EMEA), and North America (NAM).