AYO Technology Solutions (JSE:AYO) LT-Debt-to-Total-Asset : 0.01 (As of Aug. 2024)

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What is AYO Technology Solutions 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. AYO Technology Solutions's long-term debt to total assests ratio for the quarter that ended in Aug. 2024 was 0.01.

AYO Technology Solutions's long-term debt to total assets ratio increased from Aug. 2023 (0.01) to Aug. 2024 (0.01). It may suggest that AYO Technology Solutions is progressively becoming more dependent on debt to grow their business.

AYO Technology Solutions LT-Debt-to-Total-Asset Historical Data

The historical data trend for AYO Technology Solutions'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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AYO Technology Solutions LT-Debt-to-Total-Asset Chart

AYO Technology Solutions Annual Data

Trend

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

LT-Debt-to-Total-Asset

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0.02

0.01

AYO Technology Solutions Semi-Annual Data
	Aug15	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24	Aug24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial													0.02	0.02	0.01	0.01	0.01

AYO Technology Solutions LT-Debt-to-Total-Asset Calculation

AYO Technology Solutions'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 )
	=	25.892	/	2019.683
	=	0.01

AYO Technology Solutions's Long-Term Debt to Total Asset Ratio for the quarter that ended in Aug. 2024 is calculated as

LT Debt to Total Assets (Q: Aug. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Aug. 2024 )	/	Total Assets (Q: Aug. 2024 )
	=	25.892	/	2019.683
	=	0.01

AYO Technology Solutions (JSE:AYO) 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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AYO Technology Solutions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » AYO Technology Solutions Ltd (JSE:AYO) » Definitions » LT-Debt-to-Total-Asset

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Address

Cnr Heerengracht & Walter Sisulu Avenue, 10th Floor, Convention Tower, Foreshore, Cape Town, WC, ZAF, 8001

Website

https://www.ayotsl.com

AYO Technology Solutions Ltd is engaged in the provision of technology-related solutions. The company through its subsidiaries provides solutions to both the public and private sectors within South Africa and overseas countries. It offers a diversified portfolio of services such as data analytics, systems integration, and business process management, software development, security, cloud solutions, and digital transformation. The company's operating segment includes Software and consulting; Security solutions; Unified communications; Health care service; Tracking solutions and Managed Services. It generates maximum revenue from the Managed services segment.

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