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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. Computer Task Group's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.08.
Computer Task Group's long-term debt to total assets ratio increased from Sep. 2022 (0.07) to Sep. 2023 (0.08). It may suggest that Computer Task Group is progressively becoming more dependent on debt to grow their business.
The historical data trend for Computer Task Group'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.
Computer Task Group Annual Data | |||||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
LT-Debt-to-Total-Asset | Get a 7-Day Free Trial | 0.03 | 0.13 | 0.09 | 0.08 | 0.07 |
Computer Task Group Quarterly Data | ||||||||||||||||||||
Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | |
LT-Debt-to-Total-Asset | Get a 7-Day Free Trial | 0.07 | 0.07 | 0.08 | 0.08 | 0.08 |
Computer Task Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as
LT Debt to Total Assets (A: Dec. 2022 ) | = | Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 ) | / | Total Assets (A: Dec. 2022 ) |
= | 12.466 | / | 181.619 | |
= | 0.07 |
Computer Task Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as
LT Debt to Total Assets (Q: Sep. 2023 ) | = | Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 ) | / | Total Assets (Q: Sep. 2023 ) |
= | 13.412 | / | 177.913 | |
= | 0.08 |
* 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.
Computer Task Group (NAS:CTG) 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.
Thank you for viewing the detailed overview of Computer Task Group's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Thomas J Niehaus | officer: Executive Vice President | 300 CORPORATE PARKWAY SUITE 214N, AMHERST NY 14226 |
Gyde Filip J L | director, officer: President and CEO | C/O COMPUTER TASK GROUP INC, 800 DELAWARE AVE, BUFFALO NY 14209 |
Raj Rajgopal | director | C/O VIRTUSA CORPORATION, 2000 WEST PARK DRIVE, WESTBOROUGH MA 01581 |
Helvey Iii James R | director | 300 CORPORATE PARKWAY SUITE 214N, AMHERST NY 14226 |
Kathryn A Stein | director | 300 CORPORATE PARKWAY SUITE 214N, AMHERST NY 14226 |
Daniel J Sullivan | director | |
Valerie Rahmani | director | 300 CORPORATE PARKWAY SUITE 214N, AMHERST NY 14226 |
Owen J Sullivan | director | 5301 NORTH IRONWOOD ROAD, MILWAUKEE WI 53217 |
David H Klein | director | 300 CORPORATE PARKWAY SUITE 214N, AMHERST NY 14226 |
Jeffrey D Gerkin | officer: Executive Vice President | 800 DELAWARE AVENUE, BUFFALO NY 14209 |
John M Laubacker | officer: Chief Financial Officer & SVP | 300 CORPORATE PARKWAY SUITE 214N, AMHERST NY 14226 |
Peter P Radetich | officer: Sr Vice President & Secretary | 300 CORPORATE PARKWAY SUITE 214N, AMHERST NY 14226 |
Brendan M Harrington | officer: Chief Financial Officer Sr VP | 800 DELAWARE AVENUE, BUFFALO NY 14209 |
Cliff Bleustein | director, officer: President & CEO | 800 DELAWARE AVENUE, BUFFALO NY 14209 |
Alfred Hamilton | officer: Vice President | 800 DELAWARE AVENUE, BUFFALO NY 14209 |
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