SSH Communications Security Oyj (LTS:0MKQ) LT-Debt-to-Total-Asset : 0.01 (As of Jun. 2023)

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What is SSH Communications Security Oyj 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. SSH Communications Security Oyj's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.01.

SSH Communications Security Oyj's long-term debt to total assets ratio declined from Sep. 2021 (0.03) to Jun. 2023 (0.01). It may suggest that SSH Communications Security Oyj is progressively becoming less dependent on debt to grow their business.

SSH Communications Security Oyj LT-Debt-to-Total-Asset Historical Data

The historical data trend for SSH Communications Security Oyj'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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SSH Communications Security Oyj LT-Debt-to-Total-Asset Chart

SSH Communications Security Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.05

0.07

0.05

SSH Communications Security Oyj Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.07	-	0.05	0.01	0.05

SSH Communications Security Oyj LT-Debt-to-Total-Asset Calculation

SSH Communications Security Oyj'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 )
	=	1.465	/	31.353
	=	0.05

SSH Communications Security Oyj's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (Q: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )	/	Total Assets (Q: Jun. 2023 )
	=	0.3	/	30.4
	=	0.01

SSH Communications Security Oyj (LTS:0MKQ) 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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SSH Communications Security Oyj (LTS:0MKQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » SSH Communications Security Oyj (LTS:0MKQ) » Definitions » LT-Debt-to-Total-Asset

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SSH1V:Finland

Address

Karvaamokuja 2B, Helsinki, FIN, 00380

Website

http://www.ssh.com

SSH Communications Security Oyj is a provider of enterprise cybersecurity solutions that monitor, control, and automate trusted access to critical data. The company provides software, professional services, and recurring services. Its recurring service generates maximum revenue for the company. The company products consist of the crypto auditor, tectia ssh, and others. Geographically, the company provides its services to America, APAC, Europe, the Middle East and Africa (EMEA), and others. Its EMEA region generates maximum revenue for the company.

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