Checkit (LSE:CKT) LT-Debt-to-Total-Asset : 0.01 (As of Jul. 2024)

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What is Checkit 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. Checkit's long-term debt to total assests ratio for the quarter that ended in Jul. 2024 was 0.01.

Checkit's long-term debt to total assets ratio declined from Jul. 2023 (0.01) to Jul. 2024 (0.01). It may suggest that Checkit is progressively becoming less dependent on debt to grow their business.

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

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

Checkit Annual Data

Trend

Jan15

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Jan24

LT-Debt-to-Total-Asset

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0.01

Checkit Semi-Annual Data
	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24	Jul24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.01	0.01	0.01	0.01

Checkit LT-Debt-to-Total-Asset Calculation

Checkit's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jan. 2024 is calculated as

LT Debt to Total Assets (A: Jan. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jan. 2024 )	/	Total Assets (A: Jan. 2024 )
	=	0.3	/	23.1
	=	0.01

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

LT Debt to Total Assets (Q: Jul. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jul. 2024 )	/	Total Assets (Q: Jul. 2024 )
	=	0.2	/	21.1
	=	0.01

Checkit (LSE:CKT) 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.

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

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Checkit Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Checkit PLC (LSE:CKT) » Definitions » LT-Debt-to-Total-Asset

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Address

JJ Thomson Avenue, Broers Building, Cambridge, GBR, CB3 0FA

Website

https://www.checkit.net

Checkit PLC is a real-time operation management software company engaged in providing intelligent operations management platforms for desk less workforces, enabling operational agility and intelligent decision-making in large multinational and complex national organizations. The company's subscription business model offers optional plugins for smart sensor networks and workflow task management. Its solutions apply digital tools and monitoring to transform workforce management and incorporate physical assets into a digital ecosystem using Internet of Things (IoT) sensors and monitoring devices. The company has two operating segments; the United Kingdom, and The Americas. It derives a majority of its revenue from the United Kingdom.

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