Fintel (LSE:FNTL) LT-Debt-to-Total-Asset : 0.08 (As of Dec. 2023)

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What is Fintel 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. Fintel's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.08.

Fintel's long-term debt to total assets ratio increased from Dec. 2022 (0.02) to Dec. 2023 (0.08). It may suggest that Fintel is progressively becoming more dependent on debt to grow their business.

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

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

Fintel Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.30

0.26

0.08

0.02

0.08

Fintel Semi-Annual Data
	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial										0.08	0.03	0.02	0.01	0.08

Fintel LT-Debt-to-Total-Asset Calculation

Fintel'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 )
	=	12.2	/	147.2
	=	0.08

Fintel'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 )
	=	12.2	/	147.2
	=	0.08

Fintel (LSE:FNTL) 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.

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

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Fintel (LSE:FNTL) Business Description

Industry

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Traded in Other Exchanges

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Address

Saint Andrews Road, Fintel House, Huddersfield, West Yorkshire, GBR, HD1 6NA

Website

https://www.wearefintel.com

Fintel PLC is engaged in leading UK retail financial services in the provision of financial data and expert intelligence embedded in digital technologies. The Company's principal activity is the provision of Fintech and support services to the UK retail financial services sector. The company's segment includes Intermediary Services; Distribution Channels and Fintech and Research. It generates maximum revenue from the Intermediary Services segment. Intermediary Services provides compliance and regulation services to individual financial intermediary Member Firms, including directly authorised IFAs, directly authorised mortgage advisers, workplace consultants and directly authorised wealth managers.

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