FAAS (DigiAsia) LT-Debt-to-Total-Asset : 0.01 (As of Jun. 2023)

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What is DigiAsia 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. DigiAsia's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.01.

DigiAsia's long-term debt to total assets ratio increased from Jun. 2022 (0.00) to Jun. 2023 (0.01). It may suggest that DigiAsia is progressively becoming more dependent on debt to grow their business.

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

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

DigiAsia Annual Data

Trend

Dec21

Dec22

LT-Debt-to-Total-Asset

0.02

0.16

DigiAsia Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23
LT-Debt-to-Total-Asset	0.02	-	0.16	0.01

DigiAsia LT-Debt-to-Total-Asset Calculation

DigiAsia'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 )
	=	5.017	/	31.052
	=	0.16

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

LT Debt to Total Assets (Q: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )	/	Total Assets (Q: Jun. 2023 )
	=	0.481	/	51.799
	=	0.01

DigiAsia (NAS:FAAS) 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.

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DigiAsia Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » DigiAsia Corp (NAS:FAAS) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

One Raffles Place, No. 28-02, Singapore, SGP, 048616

Website

https://www.digiasia.asia

DigiAsia Corp operates as a holding company. The majority of DigiAsia's operations are currently conducted through its majority-owned entities, controlled entities and corporate joint venture. It is among the first embedded fintech as a service (EFaaS) companies in Indonesia serving business-to-business-to-consumer (B2B2C) customers, such as large corporations and state-owned enterprises, as well as business-to-business (B2B) customers, such as micro, small and medium-sized enterprise (MSME) merchants, across various segments. It aims to be a fintech-enabling platform in Southeast Asia by accelerating financial inclusion through its licenses and technology stack and combining the benefits of technological innovation with traditional financial services.