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Castle Biosciences LT-Debt-to-Total-Asset

: 0.07 (As of Jun. 2020)
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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. Castle Biosciences's long-term debt to total assests ratio for the quarter that ended in Jun. 2020 was 0.07.

Castle Biosciences's long-term debt to total assets ratio declined from Jun. 2019 (0.72) to Jun. 2020 (0.07). It may suggest that Castle Biosciences is progressively becoming less dependent on debt to grow their business.


Castle Biosciences LT-Debt-to-Total-Asset Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Castle Biosciences Annual Data
Dec17 Dec18 Dec19
LT-Debt-to-Total-Asset 1.79 1.09 0.16

Castle Biosciences Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20
LT-Debt-to-Total-Asset Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.72 0.19 0.16 0.14 0.07

Castle Biosciences LT-Debt-to-Total-Asset Calculation

Castle Biosciences's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2019 is calculated as

LT Debt to Total Assets (A: Dec. 2019 )=Long-Term Debt & Capital Lease Obligation (A: Dec. 2019 )/Total Assets (A: Dec. 2019 )
=19.289/119.746
=0.16

Castle Biosciences's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2020 is calculated as

LT Debt to Total Assets (Q: Jun. 2020 )=Long-Term Debt & Capital Lease Obligation (Q: Jun. 2020 )/Total Assets (Q: Jun. 2020 )
=14.741/201.546
=0.07

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Castle Biosciences  (NAS:CSTL) 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.


Castle Biosciences LT-Debt-to-Total-Asset Related Terms


Castle Biosciences LT-Debt-to-Total-Asset Headlines

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