Locafy (Locafy) LT-Debt-to-Total-Asset : 0.03 (As of Mar. 2024)

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What is Locafy 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. Locafy's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.03.

Locafy's long-term debt to total assets ratio declined from Mar. 2023 (0.07) to Mar. 2024 (0.03). It may suggest that Locafy is progressively becoming less dependent on debt to grow their business.

Locafy LT-Debt-to-Total-Asset Historical Data

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

Locafy Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

0.08

0.03

0.05

0.04

Locafy Quarterly Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial							0.07	0.04	0.04	0.04	0.03

Locafy LT-Debt-to-Total-Asset Calculation

Locafy's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	0.223	/	6.198
	=	0.04

Locafy's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	0.155	/	4.724
	=	0.03

Locafy (NAS:LCFY) 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.

Locafy LT-Debt-to-Total-Asset Related Terms

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Locafy (Locafy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Locafy Ltd (NAS:LCFY) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

246 Churchill Avenue, Subiaco, Perth, WA, AUS, 6008

Website

https://www.locafy.com

Locafy Ltd is focused on commercializing its Software as a Service (SaaS) online publishing technology platform. Its platform enables the ability to publish almost any type of content to almost any device that uses a web browser to display web content. The firm has three operating segments: the Publishing segment, the Reseller segment, and the Channel sales segment. It derives a majority of its revenue from Australia and New Zealand.