Snowflake (BSP:S2NW34) LT-Debt-to-Total-Asset : 0.03 (As of Jan. 2024)

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What is Snowflake 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. Snowflake's long-term debt to total assests ratio for the quarter that ended in Jan. 2024 was 0.03.

Snowflake's long-term debt to total assets ratio increased from Jan. 2023 (0.03) to Jan. 2024 (0.03). It may suggest that Snowflake is progressively becoming more dependent on debt to grow their business.

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

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

Snowflake Annual Data

Trend

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

LT-Debt-to-Total-Asset

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0.19

0.03

Snowflake Quarterly Data
	Jan19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.03	0.03	0.04	0.04	0.03

Snowflake LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Jan. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jan. 2024 )	/	Total Assets (A: Jan. 2024 )
	=	1249.405	/	40444.242
	=	0.03

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

LT Debt to Total Assets (Q: Jan. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jan. 2024 )	/	Total Assets (Q: Jan. 2024 )
	=	1249.405	/	40444.242
	=	0.03

Snowflake (BSP:S2NW34) 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.

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

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Snowflake (BSP:S2NW34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Snowflake Inc (BSP:S2NW34) » Definitions » LT-Debt-to-Total-Asset

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Address

106 East Babcock Street, Suite 3A, Bozeman, MT, USA, 59715

Website

https://www.snowflake.com

Founded in 2012, Snowflake is a data lake, warehousing, and sharing company that came public in 2020. To date, the company has over 3,000 customers, including nearly 30% of the Fortune 500 as its customers. Snowflake's data lake stores unstructured and semistructured data that can then be used in analytics to create insights stored in its data warehouse. Snowflake's data sharing capability allows enterprises to easily buy and ingest data almost instantaneously compared with a traditionally months-long process. Overall, the company is known for the fact that all of its data solutions that can be hosted on various public clouds.

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