Block (BSP:S2QU34) LT-Debt-to-Total-Asset : 0.16 (As of Dec. 2023)

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What is Block 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. Block's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.16.

Block's long-term debt to total assets ratio declined from Dec. 2022 (0.17) to Dec. 2023 (0.16). It may suggest that Block is progressively becoming less dependent on debt to grow their business.

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

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

Block Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.23

0.30

0.36

0.17

0.16

Block 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															0.17	0.15	0.15	0.16	0.16

Block LT-Debt-to-Total-Asset Calculation

Block'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 )
	=	25796.276	/	166935.662
	=	0.15

Block'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 )
	=	25796.276	/	166935.662
	=	0.15

Block (BSP:S2QU34) 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.

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

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Block (BSP:S2QU34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Block Inc (BSP:S2QU34) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

BSQKZ:USA SQ:USA SQ:Mexico 1SQ:Italy 0L95:UK SQ3:Germany F8O:Germany F8O:Germany SQ3:Germany SQ3:Germany SQ3:Germany SQ2:Australia SQU:Austria

Address

1455 Market Street, Suite 600, San Francisco, CA, USA, 94103

Website

https://www.block.xyz

Founded in 2009, Block provides payment services to merchants, along with related services. The company also launched Cash App, a person-to-person payment network. In 2022, Square's payment volume was a little over $200 million.

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