Sinch AB (OSTO:SINCH) LT-Debt-to-Total-Asset : 0.07 (As of Mar. 2024)

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

Sinch AB's long-term debt to total assets ratio declined from Mar. 2023 (0.17) to Mar. 2024 (0.07). It may suggest that Sinch AB is progressively becoming less dependent on debt to grow their business.

Sinch AB LT-Debt-to-Total-Asset Historical Data

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

Sinch AB Annual Data

Trend

Jun13

Jun14

Jun15

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.27

0.09

0.03

0.20

0.13

Sinch AB Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.17	0.14	0.13	0.13	0.07

Sinch AB LT-Debt-to-Total-Asset Calculation

Sinch AB'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 )
	=	6637	/	53134
	=	0.12

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

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	3570	/	54538
	=	0.07

Sinch AB (OSTO:SINCH) 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.

Sinch AB LT-Debt-to-Total-Asset Related Terms

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Sinch AB (OSTO:SINCH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Sinch AB (OSTO:SINCH) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

SINCHs:UK 0RBI:UK 1I9A:Germany

Address

Lindhagensgatan 74, Stockholm, SWE, 112 18

Website

https://www.sinch.com

Sinch AB provides cloud communication services and solutions to enterprises and mobile operators. The Sinch organization has following segments: Messaging, Voice and Video and Email and Small and Medium-sized businesses and others. Messaging and Voice and Video address the enterprise market and combine programmable APIs and cloud services to easily build global communications, including messaging and voice and video services into applications and business processes. The Messaging segment derives the majority of revenue from fees for handling messages and executing and handling personalized and dynamic video and MMS messages for enterprises.

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