Nextdc (STU:2NX) LT-Debt-to-Total-Asset : 0.16 (As of Dec. 2024)

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What is Nextdc 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. Nextdc's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.16.

Nextdc's long-term debt to total assets ratio declined from Dec. 2023 (0.38) to Dec. 2024 (0.16). It may suggest that Nextdc is progressively becoming less dependent on debt to grow their business.

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

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

Nextdc Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.21

0.32

0.38

0.37

0.28

Nextdc Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.42	0.37	0.38	0.28	0.16

Nextdc LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2024 )	/	Total Assets (A: Jun. 2024 )
	=	893.238	/	3218.002
	=	0.28

Nextdc'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 )
	=	513.942	/	3171.611
	=	0.16

Nextdc (STU:2NX) 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.

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

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Nextdc Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Nextdc Ltd (STU:2NX) » Definitions » LT-Debt-to-Total-Asset

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NXT:Australia

Address

20 Wharf Street, Brisbane, QLD, AUS, 4000

Website

https://www.nextdc.com

NextDC operates 16 data centers across five major Australian cities with a focus on colocation of and interconnection between enterprises, global cloud, and ICT providers and telecommunication networks. It has another 10 data centers in development or planning stage. NextDC provides physical space, cooling, power and security services and offers optional technical and project management support. The company's tenants store their servers within the data center and can connect to each other, to and between global public cloud providers and telecommunication network providers via physical and virtual connections. Colocation services allow enterprises to enhance security of data transmission and reduce latency, that is, speed up the transfer of data. NextDC services tenants of all sizes.

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