Rapid7 (LTS:0KTX) LT-Debt-to-Total-Asset : 0.63 (As of Jun. 2024)

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What is Rapid7 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. Rapid7's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.63.

Rapid7's long-term debt to total assets ratio declined from Jun. 2023 (0.67) to Jun. 2024 (0.63). It may suggest that Rapid7 is progressively becoming less dependent on debt to grow their business.

Rapid7 LT-Debt-to-Total-Asset Historical Data

The historical data trend for Rapid7'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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Rapid7 LT-Debt-to-Total-Asset Chart

Rapid7 Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.39

0.50

0.70

0.66

0.67

Rapid7 Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.67	0.72	0.67	0.68	0.63

Rapid7 LT-Debt-to-Total-Asset Calculation

Rapid7'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 )
	=	1011.126	/	1505.348
	=	0.67

Rapid7'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 )
	=	959.697	/	1526.593
	=	0.63

Rapid7 (LTS:0KTX) 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.

Rapid7 LT-Debt-to-Total-Asset Related Terms

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Rapid7 Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Rapid7 Inc (LTS:0KTX) » Definitions » LT-Debt-to-Total-Asset

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Address

120 Causeway Street, Boston, MA, USA, 02114

Website

https://www.rapid7.com

Founded in 2000, Rapid7 is a cybersecurity company that began providing vulnerability management solutions. It has, however, expanded its portfolio to provide extended detection and response; security information and event management; cloud security, threat intelligence, and application security; and security orchestration, automation, and response. The Boston-based company went public in 2015.

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