888 Holdings (LSE:888) LT-Debt-to-Total-Asset : 0.63 (As of Dec. 2023)

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What is 888 Holdings 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. 888 Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.63.

888 Holdings's long-term debt to total assets ratio increased from Dec. 2022 (0.60) to Dec. 2023 (0.63). It may suggest that 888 Holdings is progressively becoming more dependent on debt to grow their business.

888 Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for 888 Holdings'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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888 Holdings LT-Debt-to-Total-Asset Chart

888 Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.07

0.06

0.05

0.60

0.63

888 Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.05	0.03	0.60	0.61	0.63

888 Holdings LT-Debt-to-Total-Asset Calculation

888 Holdings'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 )
	=	1721.4	/	2747.6
	=	0.63

888 Holdings'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 )
	=	1721.4	/	2747.6
	=	0.63

888 Holdings (LSE:888) 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.

888 Holdings LT-Debt-to-Total-Asset Related Terms

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888 Holdings (LSE:888) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » 888 Holdings PLC (LSE:888) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

EIHDF:USA 888l:UK 888.GB:UK C8V:Germany

Address

Europort Road, Suite 601/701, Europort, GIB

Website

https://corporate.888.com

888 Holdings PLC is an online betting and gaming company. The company operates in three business segments; The Retail segment comprises all activity undertaken in LBOs including gaming machines, The UK Online segment comprises all online activity, including sports betting, casino, poker, and other gaming products along with telephone betting services that are incurred within the UK and Ireland, and The International segment comprises all online activity, including sports betting, casino, poker, and other gaming products along with telephone betting services that are incurred within all territories excluding the UK. It derives a majority of its revenue from the United Kingdom.

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