GURUFOCUS.COM » STOCK LIST » Technology » Software » 8x8 Inc (NAS:EGHT) » Definitions » LT-Debt-to-Total-Asset

8x8 (EGHT) LT-Debt-to-Total-Asset : 0.57 (As of Dec. 2023)


View and export this data going back to 1997. Start your Free Trial

What is 8x8 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. 8x8's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.57.

8x8's long-term debt to total assets ratio declined from Dec. 2022 (0.68) to Dec. 2023 (0.57). It may suggest that 8x8 is progressively becoming less dependent on debt to grow their business.

8x8 LT-Debt-to-Total-Asset Historical Data

The historical data trend for 8x8'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.

* Premium members only.

8x8 LT-Debt-to-Total-Asset Chart

8x8 Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.40 0.55 0.58 0.57 0.59

8x8 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.68 0.59 0.57 0.57 0.57

8x8 LT-Debt-to-Total-Asset Calculation

8x8's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (A: Mar. 2023 )=Long-Term Debt & Capital Lease Obligation (A: Mar. 2023 )/Total Assets (A: Mar. 2023 )
=494.437/841.81
=0.59

8x8'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 )
=468.07/826.718
=0.57

* 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.

8x8  (NAS:EGHT) 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.

8x8 LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of 8x8's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

8x8 (EGHT) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » 8x8 Inc (NAS:EGHT) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
ONTF DOMO NRDY TRAK RMNI MTLS PERF RDVT NUKK API CRM XTER:SAP INTU NOW UBER SHOP CDNS WDAY ROP TSX:CSU
Traded in Other Exchanges
EGT:Germany EGT:Germany
Address
675 Creekside Way, Campbell, CA, USA, 95008
Website
https://www.8x8.com
8x8 Inc provides contact-center-as-a-service and unified-communications-as-a-service software applications to approximately 2.5 million users. The company's unified platform enables omnichannel communication to assist employees in communicating across voice, video, text, chat, and contact centers. Geographically, it derives a majority of revenue from the United States.
Executives
Kevin Kraus officer: Interim Chief Financial Off. C/O 8X8 INC 675 CREEKSIDE WAY, CAMPBELL CA 95008
Suzy M Seandel officer: Chief Accounting Officer C/O 8X8 INC. 675 CREEKSIDE WAY, CAMPBELL CA 95008
Samuel C. Wilson officer: Chief Financial Officer C/O 8X8 INC, 675 CREEKSIDE WAY, CAMPBELL CA 95008
Laurence Denny officer: Chief Legal Officer C/O 8X8 INC 675 CREEKSIDE WAY, CAMPBELL CA 95008
Hunter Middleton officer: Chief Product Officer C/O 8X8 INC 675 CREEKSIDE WAY, CAMPBELL CA 95008
Elizabeth Harriet Theophille director 26 FURFELDERSTRASSE, RIEHEN V8 4125
Daniel Patrick Gibson 10 percent owner 400 FAIRVIEW AVENUE NORTH, SUITE 1200, SEATTLE WA 98109
Sylebra Capital Ltd 10 percent owner 28 HENNESSY ROAD, 20TH FLOOR, WAN CHAI, HONG KONG K3 00000
Eric Salzman director C/O 8X8 INC., 675 CREEKSIDE WAY, CAMPCALL CA 95008
Matthew Zinn officer: SVP-GC,Secretary and CPO 2160 GOLD STREET, ALVISO CA 95002
David Sipes officer: Chief Executive Officer 1400 FASHION ISLAND BLVD.,, SUITE 7TH FLOOR, SAN MATEO CA 94404
Stephanie Garcia officer: Chief Human Resources Officer C/O 8X8 INC 675 CREEKSIDE WAY, CAMPBELL CA 95008
Dejan Deklich officer: Chief Product Officer 2125 O'NEL DR., SAN JOSE CA 95131
Germaine Cota officer: Chief Accting Off./Treasurer 675 CREEKSIDE DRIVE, CAMPBELL CA 95008
Bryan R Martin director, officer: Chief Executive Officer C/O 8X8 INC, 3151 JAY STREET, SANTA CLARA CA 95054