Audacy (Audacy) LT-Debt-to-Total-Asset : 0.11 (As of Dec. 2023)

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What is Audacy 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. Audacy's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.11.

Audacy's long-term debt to total assets ratio declined from Dec. 2022 (0.63) to Dec. 2023 (0.11). It may suggest that Audacy is progressively becoming less dependent on debt to grow their business.

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

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

Audacy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.54

0.58

0.63

0.11

Audacy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.63	0.65	0.69	0.07	0.11

Audacy LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	201.802	/	1900.44
	=	0.11

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

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	201.802	/	1900.44
	=	0.11

Audacy (OTCPK:AUDAQ) 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.

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

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Audacy (Audacy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Audacy Inc (OTCPK:AUDAQ) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

2400 Market Street, 4th Floor, Philadelphia, PA, USA, 19103

Website

https://www.audacyinc.com

Audacy Inc is a scaled, multi-platform audio content and entertainment company engaged in the segment of audio. It is a creator of original, premium audio. It brings people together around the news, sports, podcasts, and music that matter to them.

Executives

John David Crowley	officer: EVP & Chief Digital Officer	2400 MARKET STREET, 4TH FLOOR, PHILADELPHIA PA 19103
David J Field	director, officer: Chairman, President and CEO	2400 MARKET STREET, 4TH FLOOR, PHILADELPHIA PA 19103
Monique Nelson	director	2400 MARKET STREET, FOURTH FLOOR, PHILADELPHIA PA 19103
Joel Hollander	director
David J Berkman	director	110 WASHINGTON STREET, SUITE 1300, CONSHOHOCKEN PA 19428
David Levy	director	2400 MARKET STREET, 4TH FLOOR, PHILADELPHIA PA 19103
Mark R Laneve	director	2400 MARKET STREET, 4TH FLOOR, PHILADELPHIA PA 19103
Susan K Neely	director	401 E. CITY AVENUE, SUITE 809, BALA CYNWYD PA 19004
Joseph M Field	director, 10 percent owner, officer: Chairman Emeritus	2400 MARKET STREET, 4TH FLOOR, PHILADELPHIA PA 19103
Brian F Benedik	officer: Chief Revenue Officer	2400 MARKET STREET, 4TH FLOOR, PHILADELPHIA PA 19103
Elizabeth Bramowski	officer: Principal Acctg Ofcr & Treasr	2400 MARKET STREET, 4TH FLOOR, PHILADELPHIA PA 19103
Susan Larkin	officer: EVP & Chief Operating Officer	2400 MARKET STREET, 4TH FLOOR, PHILADELPHIA PA 19103
Sutor Andrew P Iv	officer: Exec. Vice Pres. & Secretary	2400 MARKET STREET, 4TH FLOOR, PHILADELPHIA PA 19103
Richard J Schmaeling	officer: CFO & EVP Strat. Initiatives	C/O AUDACY, INC., 2400 MARKET STREET, 4TH FLOOR, PHILADELPHIA PA 19103
Louise C Kramer	director	2400 MARKET STREET, 4TH FLOOR, PHILADELPHIA PA 19103