Multitude (LTS:0R4W) LT-Debt-to-Total-Asset : 0.07 (As of Sep. 2024)

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What is Multitude 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. Multitude's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.07.

Multitude's long-term debt to total assets ratio increased from Sep. 2023 (0.06) to Sep. 2024 (0.07). It may suggest that Multitude is progressively becoming more dependent on debt to grow their business.

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

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

Multitude Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.28

0.26

0.07

0.05

Multitude Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.06	0.05	0.05	0.10	0.07

Multitude LT-Debt-to-Total-Asset Calculation

Multitude'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 )
	=	50.527	/	990.878
	=	0.05

Multitude's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	79.084	/	1067.826
	=	0.07

Multitude (LTS:0R4W) 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.

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

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Multitude Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Multitude PLC (LTS:0R4W) » Definitions » LT-Debt-to-Total-Asset

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E4I:Germany

Address

Ratamestarinkatu 11 A, Helsinki, FIN, 00520

Website

https://www.multitude.com

Multitude SE is a European FinTech company that offers digital financial and banking services to both individuals and small and medium-sized businesses. The company's operations are divided into three business units: consumer banking (Ferratum), SME banking (CapitalBox) and wholesale banking (Multitude Bank). These units are supported by an internal Banking-as-a-Service platform. The company operates in nearly 16 different countries.

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