ShiftPixy (STU:19U0) LT-Debt-to-Total-Asset : 0.06 (As of May. 2024)

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What is ShiftPixy 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. ShiftPixy's long-term debt to total assests ratio for the quarter that ended in May. 2024 was 0.06.

ShiftPixy's long-term debt to total assets ratio declined from May. 2023 (0.29) to May. 2024 (0.06). It may suggest that ShiftPixy is progressively becoming less dependent on debt to grow their business.

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

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

ShiftPixy Annual Data

Trend

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

LT-Debt-to-Total-Asset

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0.03

0.43

ShiftPixy Quarterly Data
	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.29	0.43	0.36	0.52	0.06

ShiftPixy LT-Debt-to-Total-Asset Calculation

ShiftPixy's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Aug. 2023 is calculated as

LT Debt to Total Assets (A: Aug. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Aug. 2023 )	/	Total Assets (A: Aug. 2023 )
	=	2.558	/	5.96
	=	0.43

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

LT Debt to Total Assets (Q: May. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: May. 2024 )	/	Total Assets (Q: May. 2024 )
	=	0.233	/	3.783
	=	0.06

ShiftPixy (STU:19U0) 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.

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

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ShiftPixy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » ShiftPixy Inc (STU:19U0) » Definitions » LT-Debt-to-Total-Asset

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PIXY:USA

Address

4101 NW 25th Street, Miami, FL, USA, 33131

Website

https://www.shiftpixy.com

ShiftPixy Inc provides a disruptive human capital management platform, revolutionizing employment in the Gig Economy by delivering a next-gen mobile engagement technology to help businesses with shift-based employees navigate regulatory mandates, minimize administrative burdens and connect with a ready-for-hire workforce. ShiftPixy adds a needed layer for addressing compliance and continued demands for equitable employment practices in the growing economy. Geographically it operates in California and Washington and drives key revenue from Californian religion. Its primary operating business metric is gross billings, consisting of the clients' fully burdened payroll costs.

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