Jackpot Digital (Jackpot Digital) LT-Debt-to-Total-Asset : 1.28 (As of Dec. 2023)

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What is Jackpot Digital 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. Jackpot Digital's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 1.28.

Jackpot Digital's long-term debt to total assets ratio increased from Dec. 2022 (0.00) to Dec. 2023 (1.28). It may suggest that Jackpot Digital is progressively becoming more dependent on debt to grow their business.

Jackpot Digital LT-Debt-to-Total-Asset Historical Data

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

Jackpot Digital Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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1.43

1.04

1.28

Jackpot Digital 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															-	1.13	1.50	1.39	1.28

Jackpot Digital LT-Debt-to-Total-Asset Calculation

Jackpot Digital'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 )
	=	5.698	/	4.436
	=	1.28

Jackpot Digital'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 )
	=	5.698	/	4.436
	=	1.28

Jackpot Digital (OTCPK:JPOTF) 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.

Jackpot Digital LT-Debt-to-Total-Asset Related Terms

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Jackpot Digital (Jackpot Digital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Jackpot Digital Inc (OTCPK:JPOTF) » Definitions » LT-Debt-to-Total-Asset

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JJ:Canada

Address

570 Granville Street, Suite 303, Vancouver, BC, CAN, V6C 3P1

Website

https://www.jackpotdigital.com

Jackpot Digital Inc is engaged in developing, marketing, and leasing of electronic table games to casino operators. The reportable segments of the company are the leasing of electronic gaming tables and the sale of electronic gaming tables.