I-Remit (PHS:I) LT-Debt-to-Total-Asset : 0.11 (As of Sep. 2024)

View and export this data going back to 2007. Start your Free Trial

What is I-Remit 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. I-Remit's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.11.

I-Remit's long-term debt to total assets ratio declined from Sep. 2023 (0.14) to Sep. 2024 (0.11). It may suggest that I-Remit is progressively becoming less dependent on debt to grow their business.

I-Remit LT-Debt-to-Total-Asset Historical Data

The historical data trend for I-Remit'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.

I-Remit LT-Debt-to-Total-Asset Chart

I-Remit Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.03

0.15

0.03

0.15

0.03

I-Remit 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															0.14	0.03	0.10	0.10	0.11

I-Remit LT-Debt-to-Total-Asset Calculation

I-Remit'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 )
	=	64.797	/	2457.58
	=	0.03

I-Remit'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 )
	=	225.255	/	2002.939
	=	0.11

I-Remit (PHS:I) 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.

I-Remit LT-Debt-to-Total-Asset Related Terms

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

I-Remit Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » I-Remit Inc (PHS:I) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 25 ADB Avenue, 26th Floor, Discovery Centre, Ortigas Center, Metro Manila, Pasig, QUE, PHL, 1605

Website

https://www.iremitx.com

I-Remit Inc is a Philippine-based firm. The company with its subsidiaries provides fund transfer and remittance services to overseas Filipino workers and other migrant workers. It offers the bank-to-bank facility for online crediting to a bank account, delivers cash remittances to designated beneficiaries, and provides a visa card, a debit, and an automated teller machine card for sending money to their beneficiaries. The company operates in four geographical segments namely, the Philippines which contributes a majority of revenue, Asia Pacific, North America, and Europe segment.

I-Remit Headlines

No Headlines