Ondo InsurTech (FRA:1AI) LT-Debt-to-Total-Asset : 1.69 (As of Sep. 2024)

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What is Ondo InsurTech 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. Ondo InsurTech's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 1.69.

Ondo InsurTech's long-term debt to total assets ratio declined from Sep. 2023 (2.21) to Sep. 2024 (1.69). It may suggest that Ondo InsurTech is progressively becoming less dependent on debt to grow their business.

Ondo InsurTech LT-Debt-to-Total-Asset Historical Data

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

Ondo InsurTech Annual Data

Trend

Feb22

Mar24

LT-Debt-to-Total-Asset

2.26

Ondo InsurTech Semi-Annual Data
	Aug21	Feb22	Aug22	Sep23	Mar24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			-	2.19	2.21	2.26	1.69

Ondo InsurTech LT-Debt-to-Total-Asset Calculation

Ondo InsurTech's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (A: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2024 )	/	Total Assets (A: Mar. 2024 )
	=	7.583	/	3.359
	=	2.26

Ondo InsurTech'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 )
	=	8.185	/	4.839
	=	1.69

Ondo InsurTech (FRA:1AI) 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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Ondo InsurTech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ondo InsurTech PLC (FRA:1AI) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

ONDO:UK

Address

60 Gracechurch Street, 6th Floor, London, GBR, EC3V 0HR

Website

https://www.ondoplc.com

Ondo InsurTech PLC is into the Insuretech business in the home insurance Industry. The company's Leakbot system comprises a self-install sensor that clips to a pipe and detects a leak anywhere on a main water system. The company derives revenue from water leak detection devices, water leak detection services, Repair services, and consultancy services. The company has a geographical presence in the UK, USA, and Europe. The company derives the majority of its revenue from the UK.

Ondo InsurTech Headlines

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