Pointsbet Holdings (Pointsbet Holdings) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2023)

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What is Pointsbet 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. Pointsbet Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.01.

Pointsbet Holdings's long-term debt to total assets ratio declined from Dec. 2022 (0.01) to Dec. 2023 (0.01). It may suggest that Pointsbet Holdings is progressively becoming less dependent on debt to grow their business.

Pointsbet Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Pointsbet 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.

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Pointsbet Holdings LT-Debt-to-Total-Asset Chart

Pointsbet Holdings Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

0.04

0.01

Pointsbet Holdings Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial						-	0.01	0.01	-	0.01

Pointsbet Holdings LT-Debt-to-Total-Asset Calculation

Pointsbet 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 )
	=	1.511	/	407.228
	=	0.00

Pointsbet 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 )
	=	1.424	/	147.781
	=	0.01

Pointsbet Holdings (OTCPK:PBTHF) 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.

Pointsbet Holdings LT-Debt-to-Total-Asset Related Terms

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Pointsbet Holdings (Pointsbet Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Pointsbet Holdings Ltd (OTCPK:PBTHF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

PBH:Australia

Address

165 Cremorne Street, Level 2, Cremorne, VIC, AUS, 3121

Website

https://www.pointsbet.com.au

Pointsbet Holdings Ltd is a licensed corporate bookmaker with operations in Australia and the United States. PointsBet has developed a scalable cloud-based wagering platform through which it offers its clients sports and racing wagering products. PointsBet's product offering includes Fixed Odds Sports, Fixed Odds Racing, PointsBetting and iGaming. The company had been appointed as an Official Sports Betting Partner of the NHL. Its reportable segments consist of Australian Trading, Technology and Canada Trading. The company derives revenue from the Australia segment which includes revenue from sports and race betting services provided to Australian customers.