CRCT (Cricut) LT-Debt-to-Total-Asset : 0.02 (As of Dec. 2024)

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What is Cricut 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. Cricut's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.02.

Cricut's long-term debt to total assets ratio increased from Dec. 2023 (0.01) to Dec. 2024 (0.02). It may suggest that Cricut is progressively becoming more dependent on debt to grow their business.

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

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

Cricut Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.02

0.01

0.02

Cricut Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.01	0.01	0.01	0.02

Cricut LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	11.31	/	693.035
	=	0.02

Cricut'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 )
	=	11.31	/	693.035
	=	0.02

Cricut (NAS:CRCT) 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.

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

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Cricut Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Cricut Inc (NAS:CRCT) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

398:Germany

Address

10855 South River Front Parkway, South Jordan, UT, USA, 84095

Website

https://www.cricut.com

Cricut Inc designs and builds a creativity platform that enables users to turn ideas into professional-looking handmade goods. With its connected machines, design apps and accessories, and materials, the users create everything from personalized birthday cards, mugs and T-shirts to large-scale interior decorations. It has two segments including the Platform segment which derives revenue from monthly and annual subscription fees, purchases of digital content, and a minimal amount of the revenue allocated to unspecified future upgrades and enhancements related to the essential software and access to the Company's cloud-based services and Products segment which derives revenue from the sale of its connected machine hardware, and sale of craft, DIY, home decor products and extensions.

Executives

Arora Ashish	director, 10 percent owner, officer: Chief Executive Officer	10855 SOUTH RIVER FRONT PARKWAY, SOUTH JORDAN UT 84095
Len Blackwell	director	10855 SOUTH RIVER FRONT PARKWAY, SOUTH JORDAN UT 84095
Donald B. Olsen	officer: EVP, General Counsel & Sec.	10855 SOUTH RIVER FRONT PARKWAY, SOUTH JORDAN UT 84095
Abdiel Qualified Master Fund Lp	10 percent owner	90 PARK AVENUE, 29TH FLOOR, NEW YORK NY 10016
Jason Makler	director	10855 SOUTH RIVER FRONT PARKWAY, SOUTH JORDAN UT 84095
Ryan Harmer	officer: Principal Accounting Officer	10855 SOUTH RIVER FRONT PARKWAY, SOUTH JORDAN UT 84095
Kimball C Shill	officer: Chief Financial Officer	10855 SOUTH RIVER FRONT PARKWAY, SOUTH JORDAN UT 84095
Gregory Rowberry	officer: EVP, Sales	10855 SOUTH RIVER FRONT PARKWAY, SOUTH JORDAN UT 84095
Moran Colin T.	10 percent owner	410 PARK AVE, SUITE 930, NEW YORK NY 10022
Abdiel Capital Management, Llc	10 percent owner	90 PARK AVENUE, 29TH FLOOR, NEW YORK NY 10016
Abdiel Capital Advisors, Lp	10 percent owner	90 PARK AVENUE, 29TH FLOOR, NEW YORK NY 10016
Abdiel Capital Lp	10 percent owner	C/O ABDIEL CAPITAL ADVISORS, LP, 90 PARK AVENUE, 29TH FLOOR, NEW YORK NY 10016
Martin F Petersen	officer: Chief Financial Officer	5152 NORTH EDGEWOOD DRIVE, SUITE 375, PROVO UT 84604
Petrus Trust Company, Lta	10 percent owner	3000 TURTLE CREEK BLVD., DALLAS TX 75219
L.p. Hwgaa,	10 percent owner	3000 TURTLE CREEK BLVD, DALLAS TX 75219