ENV (Envestnet) LT-Debt-to-Total-Asset : 0.36 (As of Sep. 2024)

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What is Envestnet 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. Envestnet's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.36.

Envestnet's long-term debt to total assets ratio declined from Sep. 2023 (0.48) to Sep. 2024 (0.36). It may suggest that Envestnet is progressively becoming less dependent on debt to grow their business.

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

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

Envestnet Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.36

0.41

0.43

0.47

0.52

Envestnet Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.48	0.52	0.52	0.54	0.36

Envestnet LT-Debt-to-Total-Asset Calculation

Envestnet'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 )
	=	977.442	/	1877.252
	=	0.52

Envestnet's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	657.544	/	1828.704
	=	0.36

Envestnet (NYSE:ENV) 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.

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

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Envestnet Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Envestnet Inc (NYSE:ENV) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1000 Chesterbrook Boulevard, Suite 250, Berwyn, Pennsylvania, IL, USA, 19312

Website

https://www.envestnet.com

Envestnet provides wealth-management technology and solutions to registered investment advisors, banks, broker/dealers, and other firms. Its Tamarac platform provides trading, rebalancing, portfolio accounting, performance reporting, and client relationship management software to high-end RIAs. Envestnet's portfolio management consultants provide research services and consulting services to assist advisors, including vetted third-party managed account products. In November 2015, Envestnet acquired Yodlee, a provider of data aggregation, which is reported in the firm's data and analytics segment. In 2019, Envestnet acquired MoneyGuidePro to bolster its financial planning tools.

Executives

Matthew Majoros	officer: Principal Accounting Officer	35 E. WACKER DRIVE, SUITE 2400, CHICAGO IL 60601
Lauren Taylor Wolfe	director	3100 CUMBERLAND BOULEVARD, SUITE 1700, ATLANTA GA 30339
Barry D. Cooper	officer: SVP, Head of Accounting Mgmt.	35 E. WACKER DRIVE, STE 2400, CHICAGO IL 60601
Barbara Turner	director	5320 STONY RUN COURT, LIBERTY TOWNSHIP OH 45011
William Crager	officer: President	489 FIFTH AVENUE, 26TH FLOOR, NEW YORK NY 10017
Shelly O'brien	officer: General Counsel	35 E. WACKER DRIVE, SUITE 2400, CHICAGO IL 60601
Wendy E Lane	director
Impactive Capital Llc	director	152 WEST 57TH, 17TH FLOOR, NEW YORK CITY NY 10019
Impactive Capital Lp	director	450 WEST 14 STREET, 12TH FLOOR, NEW YORK CITY NY 10014
Christian Asmar	director	152 WEST 57TH STREET, 17TH FLOOR, NEW YORK CITY NY 10019
Stuart Depina	officer: President*	11755 WILSHIRE BLVD., 20TH FLOOR, LOS ANGELES CA 90025
Anil Arora	director	C/O YODLEE, INC., 3600 BRIDGE PARKWAY, 2ND FLOOR, REDWOOD CITY CA 94065
Brandon Thomas	officer: Chief Investment Officer	35 E. WACKER DRIVE, SUITE 2400, CHICAGO IL 60601
Joshua Mayer	officer: Chief Operating Officer	35 EAST WACKER DRIVE, SUITE 2400, CHICAGO IL 60601
Scott D Grinis	officer: Chief Technology Officer	150 MATHILDA PLACE, SUITE 306, SUNNYVALE CA 94086