Destiny Media Technologies (FRA:DME1) LT-Debt-to-Total-Asset : 0.00 (As of Nov. 2024)

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What is Destiny Media Technologies 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. Destiny Media Technologies's long-term debt to total assests ratio for the quarter that ended in Nov. 2024 was 0.00.

Destiny Media Technologies's long-term debt to total assets ratio stayed the same from Nov. 2023 (0.00) to Nov. 2024 (0.00).

Destiny Media Technologies LT-Debt-to-Total-Asset Historical Data

The historical data trend for Destiny Media Technologies'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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Destiny Media Technologies LT-Debt-to-Total-Asset Chart

Destiny Media Technologies Annual Data

Trend

Aug15

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Aug24

LT-Debt-to-Total-Asset

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0.06

Destiny Media Technologies Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	-	-	-

Destiny Media Technologies LT-Debt-to-Total-Asset Calculation

Destiny Media Technologies's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Aug. 2024 is calculated as

LT Debt to Total Assets (A: Aug. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Aug. 2024 )	/	Total Assets (A: Aug. 2024 )
	=	0	/	3.345
	=	0.00

Destiny Media Technologies's Long-Term Debt to Total Asset Ratio for the quarter that ended in Nov. 2024 is calculated as

LT Debt to Total Assets (Q: Nov. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Nov. 2024 )	/	Total Assets (Q: Nov. 2024 )
	=	0	/	3.419
	=	0.00

Destiny Media Technologies (FRA:DME1) 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.

Destiny Media Technologies LT-Debt-to-Total-Asset Related Terms

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Destiny Media Technologies Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Destiny Media Technologies Inc (FRA:DME1) » Definitions » LT-Debt-to-Total-Asset

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DSNY:USA DSY:Canada

Address

1575 West Georgia Street, Suite 428, Vancouver, BC, CAN, V6G 2V3

Website

https://www.dsny.com

Destiny Media Technologies Inc is a provider of secure digital content distribution and promotion solutions. The company operates solely in the digital media software segment. Its predominant services are; Clipstream which enables any non-technical user to upload videos that will play on all modern web browsers; MTR, a digital tracking service that tracks and reports the number and times an individual track is played; and Play MPE, a digital distribution service that is used commercially by the recording industry. Destiny services are based on proprietary security, watermarking, and instant play streaming media technologies. It also offers audio and video streaming solutions and secure file distribution to customers. Geographically, the company derives maximum revenue from Canada.

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