CPI Card Group (FRA:CPB1) LT-Debt-to-Total-Asset : 0.90 (As of Dec. 2023)

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What is CPI Card Group 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. CPI Card Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.90.

CPI Card Group's long-term debt to total assets ratio declined from Dec. 2022 (0.96) to Dec. 2023 (0.90). It may suggest that CPI Card Group is progressively becoming less dependent on debt to grow their business.

CPI Card Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for CPI Card 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.

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CPI Card Group LT-Debt-to-Total-Asset Chart

CPI Card Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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1.45

1.24

1.13

0.96

0.90

CPI Card Group 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															0.96	0.96	0.95	0.93	0.90

CPI Card Group LT-Debt-to-Total-Asset Calculation

CPI Card Group'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 )
	=	243.002	/	269.307
	=	0.90

CPI Card Group'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 )
	=	243.002	/	269.307
	=	0.90

CPI Card Group (FRA:CPB1) 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.

CPI Card Group LT-Debt-to-Total-Asset Related Terms

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CPI Card Group (FRA:CPB1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » CPI Card Group Inc (FRA:CPB1) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

PMTS:USA

Address

10368 West Centennial Road, Littleton, CO, USA, 80127

Website

https://www.cpicardgroup.com

CPI Card Group Inc is a payment technology company engaged in providing financial payment card solutions and services. It offers credit, debit and prepaid cards. The business segments of the group are Debit and Credit, which produces Financial Payment Cards and provides integrated card services to card-issuing banks in the United States, and Prepaid Debit, which provides integrated card services to Prepaid Debit Card program managers in the United States and Others. It derives key revenue from the Debit and Credit segment.

CPI Card Group (FRA:CPB1) Headlines

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