Priority Technology Holdings (STU:60W) LT-Debt-to-Total-Asset : 0.46 (As of Sep. 2024)

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What is Priority Technology Holdings 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. Priority Technology Holdings's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.46.

Priority Technology Holdings's long-term debt to total assets ratio increased from Sep. 2023 (0.40) to Sep. 2024 (0.46). It may suggest that Priority Technology Holdings is progressively becoming more dependent on debt to grow their business.

Priority Technology Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Priority Technology Holdings'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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Priority Technology Holdings LT-Debt-to-Total-Asset Chart

Priority Technology Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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1.05

0.86

0.45

0.44

0.39

Priority Technology Holdings Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.40	0.39	0.39	0.48	0.46

Priority Technology Holdings LT-Debt-to-Total-Asset Calculation

Priority Technology Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	579.512	/	1481.264
	=	0.39

Priority Technology Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	728.081	/	1585.462
	=	0.46

Priority Technology Holdings (STU:60W) 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.

Priority Technology Holdings LT-Debt-to-Total-Asset Related Terms

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Priority Technology Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Priority Technology Holdings Inc (STU:60W) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

PRTH:USA

Address

2001 Westside Parkway, Suite 155, Alpharetta, GA, USA, 30004

Website

http://www.prth.com

Priority Technology Holdings Inc is a provider of merchant acquiring and commercial payment solutions to small and medium businesses enterprises in the United States. The company has three reportable segments which are SMB Payments, B2B Payments and Enterprise Payments. SMB Payments segment which generates majority revenue provides full-service acquiring and payment-enabled solutions for B2C transactions, leveraging priority's proprietary software platform, distributed through ISO; B2B Payments segment provides AP automation solutions to corporations, software partners and industry FIs: and Enterprise Payments segment provides embedded payment and treasury solutions to enterprise customers to modernize legacy platforms and accelerate software partners' strategies to monetize payments.

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