Napster Group (LSE:NAPS) LT-Debt-to-Total-Asset : 0.01 (As of Jun. 2021)

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What is Napster Group 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. Napster Group's long-term debt to total assests ratio for the quarter that ended in Jun. 2021 was 0.01.

Napster Group's long-term debt to total assets ratio increased from Sep. 2017 (0.00) to Jun. 2021 (0.01). It may suggest that Napster Group is progressively becoming more dependent on debt to grow their business.

Napster Group LT-Debt-to-Total-Asset Historical Data

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

Napster Group Annual Data

Trend

Sep17

Sep18

Dec20

LT-Debt-to-Total-Asset

0.04

Napster Group Quarterly Data
	Sep17	Sep18	Jun20	Dec20	Jun21
LT-Debt-to-Total-Asset	-	-	-	0.04	0.01

Napster Group LT-Debt-to-Total-Asset Calculation

Napster Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2020 is calculated as

LT Debt to Total Assets (A: Dec. 2020 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2020 )	/	Total Assets (A: Dec. 2020 )
	=	0.971	/	23.159
	=	0.04

Napster Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2021 is calculated as

LT Debt to Total Assets (Q: Jun. 2021 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2021 )	/	Total Assets (Q: Jun. 2021 )
	=	1.128	/	78.608
	=

Napster Group (LSE:NAPS) 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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Napster Group (LSE:NAPS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Napster Group PLC (LSE:NAPS) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

XFCI BOM:531420 BOM:532378 BOM:530457

Traded in Other Exchanges

N/A

Address

55 Poland Street, London, GBR, W1F 7NL

Website

https://www.napster.group

Napster Group PLC is a music company. It offers global music platform combining music streaming and immersive content that allows users to experience music performances in Virtual Reality. It derives revenue through Content sales, Telco partnerships, Content licensing, and Ticket revenue.

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