Quantum Blockchain Technologies (LSE:QBT) LT-Debt-to-Total-Asset : 1.38 (As of Jun. 2024)

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What is Quantum Blockchain Technologies 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. Quantum Blockchain Technologies's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 1.38.

Quantum Blockchain Technologies's long-term debt to total assets ratio increased from Jun. 2023 (1.31) to Jun. 2024 (1.38). It may suggest that Quantum Blockchain Technologies is progressively becoming more dependent on debt to grow their business.

Quantum Blockchain Technologies LT-Debt-to-Total-Asset Historical Data

The historical data trend for Quantum Blockchain Technologies'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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Quantum Blockchain Technologies LT-Debt-to-Total-Asset Chart

Quantum Blockchain Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.67

1.31

1.34

Quantum Blockchain Technologies Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															1.13	1.34	1.31	-	1.38

Quantum Blockchain Technologies LT-Debt-to-Total-Asset Calculation

Quantum Blockchain Technologies'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 )
	=	0	/	5.06
	=

Quantum Blockchain Technologies's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	5.989	/	4.334
	=

Quantum Blockchain Technologies (LSE:QBT) 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.

Quantum Blockchain Technologies LT-Debt-to-Total-Asset Related Terms

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Quantum Blockchain Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Quantum Blockchain Technologies PLC (LSE:QBT) » Definitions » LT-Debt-to-Total-Asset

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BYA1:Germany

Address

1 Chancery Lane, First Floor, London, GBR, WC2A 1LF

Website

https://www.quantumblockchaintechnologies.co.uk

Quantum Blockchain Technologies PLC is engaged in blockchain technology that includes cryptocurrency mining and other superior blockchain applications. Its investment program is focused on technology-related investments, with special regard to Quantum computing, Blockchain, Cryptocurrencies, and AI sectors.

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