Seagate Technology Holdings (Seagate Technology Holdings) LT-Debt-to-Total-Asset : 0.79 (As of Dec. 2023)

View and export this data going back to 2002. Start your Free Trial

What is Seagate Technology Holdings 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. Seagate Technology Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.79.

Seagate Technology Holdings's long-term debt to total assets ratio increased from Dec. 2022 (0.69) to Dec. 2023 (0.79). It may suggest that Seagate Technology Holdings is progressively becoming more dependent on debt to grow their business.

Seagate Technology Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Seagate Technology Holdings'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.

* Premium members only.

Seagate Technology Holdings LT-Debt-to-Total-Asset Chart

Seagate Technology Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.48

0.47

0.57

0.76

Seagate Technology Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.69	0.61	0.76	0.79	0.79

Seagate Technology Holdings LT-Debt-to-Total-Asset Calculation

Seagate Technology Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	5721	/	7556
	=	0.76

Seagate Technology Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	5669	/	7149
	=	0.79

Seagate Technology Holdings (NAS:STX) 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.

Seagate Technology Holdings LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Seagate Technology Holdings's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Seagate Technology Holdings (Seagate Technology Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Seagate Technology Holdings PLC (NAS:STX) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

STX:Mexico 847:Germany 847:Germany 847:Germany STXH:Austria

Address

38/39 Fitzwilliam Square, Dublin, IRL, D02 NX53

Website

https://www.seagate.com

Seagate is a leading supplier of hard disk drives for data storage to the enterprise and consumer markets. It forms a practical duopoly in the market with its chief rival, Western Digital; they are both vertically integrated.

Executives

Ban Seng Teh	officer: SVP, Sales	47488 KATO ROAD, FREMONT CA 94538
Katherine Schuelke	officer: SVP, CLO & Corporate Secretary	47488 KATO ROAD, FREMONT CA 94538
John Christopher Morris	officer: SVP, HDD & SDD Products & CTO	1280 DISC DRIVE, SHAKOPEE MN 55379
William D Mosley	officer: President & COO	SEAGATE TECHNOLOGY, 47488 KATO ROAD, FREMONT CA 94538
Gianluca Romano	officer: EVP & CFO	47488 KATO ROAD, FREMONT CA 94538
Dylan G. Haggart	director	ONE LETTERMAN DRIVE, BUILDING D, FOURTH FLOOR, SAN FRANCISCO CA 94129
Edward J Zander	director	MOTOROLA, INC., 1303 E. ALGONQUIN ROAD, SCHAUMBURG IL 60196
Kian Fatt Chong	officer: SVP, Global Operations	AVE 5, WOODLANDS U0 121
Jeffrey D. Nygaard	officer: Executive Vice President	47488 KATO ROAD, FREMONT CA 94538
Robert A Bruggeworth	director	C/O RF MICRO DEVICES, INC., 7628 THORNDIKE ROAD, GREENSBORO NC 27409
Richard L Clemmer	director	P O BOX 34552, LAS VEGAS NV 89129
Stephen J Luczo	director, officer: Chairman and CEO
Jay L Geldmacher	director	5810 VAN ALLEN WAY, CARLSBAD CA 92008
Yolanda Lee Conyers	director	47488 KATO ROAD, FREMONT CA 94538
Stephanie Tilenius	director	C/O IRONPLANET, INC., 4695 CHABOT DRIVE, SUITE 102, PLEASANTON CA 94588