RDDT (Reddit) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2024)

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What is Reddit 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. Reddit's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.01.

Reddit's long-term debt to total assets ratio declined from Dec. 2023 (0.01) to Dec. 2024 (0.01). It may suggest that Reddit is progressively becoming less dependent on debt to grow their business.

Reddit LT-Debt-to-Total-Asset Historical Data

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

Reddit Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

0.03

0.01

Reddit Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial													0.01	0.01	0.01	0.01	0.01

Reddit LT-Debt-to-Total-Asset Calculation

Reddit's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	20.565	/	2336.595
	=	0.01

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

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	20.565	/	2336.595
	=	0.01

Reddit (NYSE:RDDT) 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.

Reddit LT-Debt-to-Total-Asset Related Terms

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Reddit Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Reddit Inc (NYSE:RDDT) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

RDDT:Mexico

Address

303 2nd Street, South Tower, 5th Floor, San Francisco, CA, USA, 94107

Website

https://www.redditinc.com

Reddit Inc is engaged in providing internet content. The company provides online human connections to communities, endless conversation, sports, business, crypto, television, and others. It generates a majority of revenue through the sale of advertising on mobile applications and websites. Other revenue consists of revenue from content licensing, Reddit Premium subscriptions, and products within the user economy.