Xero (ASX:XRO) LT-Debt-to-Total-Asset : 0.45 (As of Sep. 2023)

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What is Xero 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. Xero's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.45.

Xero's long-term debt to total assets ratio declined from Sep. 2022 (0.47) to Sep. 2023 (0.45). It may suggest that Xero is progressively becoming less dependent on debt to grow their business.

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

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

Xero Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

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0.44

0.42

0.46

0.43

0.45

Xero 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															0.43	0.43	0.47	0.45	0.45

Xero LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2023 )	/	Total Assets (A: Mar. 2023 )
	=	1053.971	/	2330.951
	=	0.45

Xero'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 )
	=	1100.586	/	2460.601
	=	0.45

Xero (ASX:XRO) 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.

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

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Xero (ASX:XRO) Business Description

Industry

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

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Traded in Other Exchanges

XROLF:USA 0XE:Germany

Address

19-23 Taranaki Street, Te Aro, Wellington, NTL, NZL, 6011

Website

https://www.xero.com

Xero is a technology company originating from New Zealand, providing cloud-based accounting software, primarily for small and midsize enterprises, or SMEs, and accounting practices. As a first mover in the space for cloud-based accounting software, Xero has grown quickly to achieve dominant market share in New Zealand and Australia, displacing legacy providers. Xero has also expanded beyond its home region toward other English-speaking countries, primarily the United Kingdom.

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