Zoom2u Technologies (ASX:Z2U) LT-Debt-to-Total-Asset : 0.65 (As of Dec. 2024)

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What is Zoom2u Technologies 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. Zoom2u Technologies's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.65.

Zoom2u Technologies's long-term debt to total assets ratio increased from Dec. 2023 (0.50) to Dec. 2024 (0.65). It may suggest that Zoom2u Technologies is progressively becoming more dependent on debt to grow their business.

Zoom2u Technologies LT-Debt-to-Total-Asset Historical Data

The historical data trend for Zoom2u Technologies'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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Zoom2u Technologies LT-Debt-to-Total-Asset Chart

Zoom2u Technologies Annual Data

Trend

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

0.43

0.62

Zoom2u Technologies Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.33	0.43	0.50	0.62	0.65

Zoom2u Technologies LT-Debt-to-Total-Asset Calculation

Zoom2u Technologies'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 )
	=	3.585	/	5.828
	=	0.62

Zoom2u Technologies'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 )
	=	3.649	/	5.621
	=	0.65

Zoom2u Technologies (ASX:Z2U) 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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Zoom2u Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Zoom2u Technologies Ltd (ASX:Z2U) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

55 Miller Street, Level 4, Suite 4.11, Pyrmont, Sydney, NSW, AUS, 2009

Website

https://www.zoom2u.com.au

Zoom2u Technologies Ltd is a holding company and has four wholly owned subsidiaries namely Zoom2u, Locate2u, Locate IP and 2u Enterprises. Zoom2u operates the platform and the marketplace; Locate2u offers clients a Software as a service product for delivery and services businesses to manage bookings, optimize routes, track their team (GPS Tracking) and share their live locations with their customers; Locate IP employs software developers, and 2u Enterprises operates Shred2u and markets ad hoc ecommerce web development services and bespoke distribution operations.

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