Craneware (Craneware) LT-Debt-to-Total-Asset : 0.09 (As of Dec. 2023)

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What is Craneware 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. Craneware's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.09.

Craneware's long-term debt to total assets ratio declined from Dec. 2022 (0.17) to Dec. 2023 (0.09). It may suggest that Craneware is progressively becoming less dependent on debt to grow their business.

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

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

Craneware Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.02

0.19

0.13

Craneware Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.18	0.19	0.17	0.13	0.09

Craneware LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	77.301	/	576.976
	=	0.13

Craneware'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 )
	=	53.084	/	574.337
	=	0.09

Craneware (OTCPK:CRWRF) 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.

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

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Craneware (Craneware) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Craneware PLC (OTCPK:CRWRF) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

CRW.GB:UK CRW:UK

Address

1 Tanfield, Scotland, Edinburgh, GBR, EH3 5DA

Website

https://www.craneware.com

Craneware PLC provides automated revenue integrity solutions that improve financial performance for healthcare organizations. Its activities include the development, licensing and ongoing support of computer software for the us healthcare industry. It is engaged in sale of software licences, white labelling and professional services (including installation) to hospitals within the USA. Craneware recognizes its revenues from the sale of, and distribution agreements relating to, software licences and professional services.