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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. ScanSource's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.09.
ScanSource's long-term debt to total assets ratio declined from Dec. 2022 (0.18) to Dec. 2023 (0.09). It may suggest that ScanSource is progressively becoming less dependent on debt to grow their business.
The historical data trend for ScanSource'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.
ScanSource Annual Data | |||||||||||||||||||||
Trend | Jun14 | Jun15 | Jun16 | Jun17 | Jun18 | Jun19 | Jun20 | Jun21 | Jun22 | Jun23 | |||||||||||
LT-Debt-to-Total-Asset | Get a 7-Day Free Trial | 0.16 | 0.14 | 0.09 | 0.14 | 0.16 |
ScanSource Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
LT-Debt-to-Total-Asset | Get a 7-Day Free Trial | 0.18 | 0.15 | 0.16 | 0.13 | 0.09 |
ScanSource'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 ) |
= | 332.315 | / | 2068.169 | |
= | 0.16 |
ScanSource'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 ) |
= | 160.777 | / | 1780.805 | |
= | 0.09 |
* 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.
ScanSource (NAS:SCSC) 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.
Thank you for viewing the detailed overview of ScanSource's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Michael L Baur | officer: President and CEO | 6 LOGUE COURT, GREENVILLE SC 29615 |
Peter C Browning | director | GMS INC., 100 CRESCENT CENTRE PARKWAY, SUITE 800, TUCKER GA 30084 |
Brandy Ford | officer: SVP & Chief Accounting Officer | 6 LOGUE COURT, GREENVILLE SC 29615 |
John Charles Eldh | officer: Sr. EVP & Chief Revenue Off. | 6 LOGUE COURT, GREENVILLE SC 29615 |
Vernon J Nagel | director | 1330 W. FULTON STREET, SUITE 350, CHICAGO IL 60607 |
Shana C Smith | officer: Sr. EVP & Chief Legal Officer | 1875 EXPLORER ST SUITE 800, RESTON VA 20190 |
Charles R Whitchurch | director | 143 FULLER LANE, WINNDKER IL 60093 |
Charles Alexander Mathis | officer: Vice-President & CFO | 627 ISLAND PARK DRIVE, DANIEL ISLAND SC 29492 |
Rachel Hayden | officer: Senior Executive VP & CIO | 6 LOGUE COURT, GREENVILLE SC 29615 |
Michael J Grainger | director | C/O INGRAM MICRO INC WORLD WIDE L, 1600 E ST ANDREW PLACE, SANTA ANA CA 92705 |
Stephen Jones | officer: Sr. EVP & CFO | 6 LOGUE COURT, GREENVILLE SC 29615 |
Emory Frank Edward Jr. | director | 2809 SHARON VIEW ROAD, CHARLOTTE NC 28210 |
Jeffrey R Rodek | director | 4151 GULF SHORE BLVD N, PH2, NAPLES FL 34103 |
Matthew Dean | officer: VP and General Counsel | 101 LEDGESTONE WAY, GREER SC 29651 |
Gerald Lyons | officer: SVP & Principal Acctg Officer | 6 LOGUE CT., GREENVILLE SC 29615 |
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