Cognizant Technology Solutions (MEX:CTSH) LT-Debt-to-Total-Asset : 0.08 (As of Sep. 2024)

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What is Cognizant Technology Solutions 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. Cognizant Technology Solutions's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.08.

Cognizant Technology Solutions's long-term debt to total assets ratio increased from Sep. 2023 (0.07) to Sep. 2024 (0.08). It may suggest that Cognizant Technology Solutions is progressively becoming more dependent on debt to grow their business.

Cognizant Technology Solutions LT-Debt-to-Total-Asset Historical Data

The historical data trend for Cognizant Technology Solutions'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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Cognizant Technology Solutions LT-Debt-to-Total-Asset Chart

Cognizant Technology Solutions Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.09

0.08

0.06

Cognizant Technology Solutions 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															0.07	0.06	0.06	0.06	0.08

Cognizant Technology Solutions LT-Debt-to-Total-Asset Calculation

Cognizant Technology Solutions'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 )
	=	19163.926	/	313735.026
	=	0.06

Cognizant Technology Solutions'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 )
	=	32252.711	/	397035.209
	=	0.08

Cognizant Technology Solutions (MEX:CTSH) 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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Cognizant Technology Solutions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Cognizant Technology Solutions Corp (MEX:CTSH) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

CTSH:USA 0QZ5:UK COZ:Germany COZ:Germany COZ:Germany CTSH34:Brazil

Address

300 Frank West Burr Boulevard, Suite 36, 6th Floor, Teaneck, NJ, USA, 07666

Website

https://www.cognizant.com

Cognizant is a global IT services provider, offering consulting and outsourcing services to some of the world's largest enterprises spanning the financial services, media and communications, healthcare, natural resources, and consumer products industries. Cognizant employs nearly 300,000 people globally, roughly 70% of whom are in India, although the company's headquarters are in Teaneck, New Jersey.