Technology One (ASX:TNE) LT-Debt-to-Total-Asset : 0.04 (As of Sep. 2023)

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What is Technology One 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. Technology One's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.04.

Technology One's long-term debt to total assets ratio declined from Sep. 2022 (0.05) to Sep. 2023 (0.04). It may suggest that Technology One is progressively becoming less dependent on debt to grow their business.

Technology One LT-Debt-to-Total-Asset Historical Data

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

Technology One Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

LT-Debt-to-Total-Asset

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0.07

0.06

0.05

0.04

Technology One Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.06	0.06	0.05	0.05	0.04

Technology One LT-Debt-to-Total-Asset Calculation

Technology One's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (A: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2023 )	/	Total Assets (A: Sep. 2023 )
	=	24.262	/	636.737
	=	0.04

Technology One's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	24.262	/	636.737
	=	0.04

Technology One (ASX:TNE) 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.

Technology One LT-Debt-to-Total-Asset Related Terms

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Technology One (ASX:TNE) Business Description

Industry

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

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Traded in Other Exchanges

THNOF:USA RW8:Germany

Address

540 Wickham Street, Level 11, Fortitude Valley, Brisbane, QLD, AUS, 4006

Website

https://www.technologyonecorp.com

Technology One is a technology company providing enterprise resource planning software, primarily to governments, education institutions, and healthcare organizations in Australia, New Zealand, and the United Kingdom. Over the past three decades, Technology One has successfully carved out its niche, boasting dominant market shares in some of its key verticals, world-leading annual customer retention rates of over 99% and a consistently growing number of products used per customer.

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