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PRST (Presto Automation) LT-Debt-to-Total-Asset : 0.00 (As of Mar. 2024)


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What is Presto Automation 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. Presto Automation's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.00.

Presto Automation's long-term debt to total assets ratio declined from Mar. 2023 (0.04) to Mar. 2024 (0.00). It may suggest that Presto Automation is progressively becoming less dependent on debt to grow their business.

Presto Automation LT-Debt-to-Total-Asset Historical Data

The historical data trend for Presto Automation'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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Presto Automation LT-Debt-to-Total-Asset Chart

Presto Automation Annual Data
Trend Jun20 Jun21 Jun22 Jun23
LT-Debt-to-Total-Asset
0.27 1.02 0.07 0.07

Presto Automation Quarterly Data
Jun20 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.04 0.07 0.05 - -

Presto Automation LT-Debt-to-Total-Asset Calculation

Presto Automation'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 )
=3.136/46.687
=0.07

Presto Automation'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 )
=0/20.432
=0.00

* 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.

Presto Automation  (OTCPK:PRST) 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.

Presto Automation LT-Debt-to-Total-Asset Related Terms

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Presto Automation Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Presto Automation Inc (OTCPK:PRST) » Definitions » LT-Debt-to-Total-Asset
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Traded in Other Exchanges
N/A
Address
985 Industrial Road, San Carlos, CA, USA, 94070
Website
https://www.presto.com
Presto Automation Inc overlays next-gen digital solutions onto the physical world. It provides an accurate, next-gen solution that uses artificial intelligence to automate speech recognition for restaurant drive-thru. The Company earns substantially all of its revenue in the United States.
Executives
Stanley Mbugua officer: Chief Accounting Officer SKILLZ INC, PO BOX 455, SAN FRAN CA 94104
William Robert Healey officer: Chief Technology Officer 810 HAMILTON STREET, REDWOOD CITY CA 94063
Keith E Kravcik director 11840 VALLEY VIEW ROAD, EDEN PRAIRIE MN 55344
Dan Mosher officer: Chief Revenue Officer 810 HAMILTON STREET, REDWOOD CITY CA 94063
Justin Foster officer: Chief Revenue Officer PRESTO AUTOMATION INC., 985 INDUSTRIAL ROAD, SAN CARLOS CA 94070
Cleveland Avenue Food & Beverage Fund Ii, Lp 10 percent owner 222 N. CANAL STREET, CHICAGO IL 60606
Nathan Cook officer: Interim CFO PRESTO AUTOMATION INC., 985 INDUSTRIAL ROAD, SAN CARLOS CA 94070
Xavier Casanova officer: CHIEF OPERATING OFFICER PRESTO AUTOMATION INC., 985 INDUSTRIAL ROAD, SAN CARLOS CA 94070
Rajat Suri 10 percent owner 525 MIDDLEFIELD ROAD, SUITE 250, MENLO PARK CA 94025
Scott David Raskin director QUOTIENT TECHNOLOGY INC., 1260 EAST STRINGHAM AVENUE, SUITE 600, SALT LAKE CITY UT 84106
Kim A Lopdrup director 1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
Edward Scheetz director, 10 percent owner, officer: Chairman, CEO C/O CAHILL GORDON & REINDEL, 80 PINE ST, NEW YORK NY 10005
Jonas Grossman director, 10 percent owner 17 STREET, SUITE 1600, NEW YORK NY 10004
Ashish Ram Gupta officer: Chief Financial Officer 810 HAMILTON STREET, REDWOOD CITY CA 94063
Romulus Elc B3 Special Opportunity, L.p. 10 percent owner 307 HARVARD STREET, CAMBRIDGE MA 02139