Precise Biometrics AB (FRA:PBC) LT-Debt-to-Total-Asset : 0.11 (As of Sep. 2024)

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What is Precise Biometrics AB 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. Precise Biometrics AB's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.11.

Precise Biometrics AB's long-term debt to total assets ratio declined from Sep. 2023 (0.11) to Sep. 2024 (0.11). It may suggest that Precise Biometrics AB is progressively becoming less dependent on debt to grow their business.

Precise Biometrics AB LT-Debt-to-Total-Asset Historical Data

The historical data trend for Precise Biometrics AB'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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Precise Biometrics AB LT-Debt-to-Total-Asset Chart

Precise Biometrics AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.04

0.03

0.02

0.01

Precise Biometrics AB 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															0.11	0.01	0.10	0.11	0.11

Precise Biometrics AB LT-Debt-to-Total-Asset Calculation

Precise Biometrics AB'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 )
	=	0.193	/	19.012
	=	0.01

Precise Biometrics AB'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 )
	=	1.863	/	17.693
	=	0.11

Precise Biometrics AB (FRA:PBC) 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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Precise Biometrics AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Precise Biometrics AB (FRA:PBC) » Definitions » LT-Debt-to-Total-Asset

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PREC:Sweden 0JDU:UK

Address

Scheelevagen 27, Lund, SWE, 223 63

Website

https://www.precisebiometrics.com

Precise Biometrics AB is engaged in the business of developing and selling identification software for the authentication of people's identity in mobile phones, smart cards, and products with sensors. It has two product segments: Digital Identity and Biometric Technologies. In the Biometric Technologies segment which generates key revenue, the company licenses, among other things, its fingerprint software to sensor manufacturers and includes products like BioMatch, BioLive, and BioEnhance. The Digital Identity segment offers system solutions for visitor management and physical biometric access and includes products like YOUNiQ Access and YOUNiQ Visit.

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