Sidetrade (STU:7QG) LT-Debt-to-Total-Asset : 0.12 (As of Jun. 2024)

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What is Sidetrade 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. Sidetrade's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.12.

Sidetrade's long-term debt to total assets ratio declined from Jun. 2023 (0.18) to Jun. 2024 (0.12). It may suggest that Sidetrade is progressively becoming less dependent on debt to grow their business.

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

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

Sidetrade Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.23

0.19

0.16

Sidetrade Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.21	0.19	0.18	0.16	0.12

Sidetrade LT-Debt-to-Total-Asset Calculation

Sidetrade'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 )
	=	10.216	/	64.988
	=	0.16

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

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	9.046	/	74.239
	=	0.12

Sidetrade (STU:7QG) 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.

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

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Sidetrade Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sidetrade SA (STU:7QG) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

ALBFR:France 7QG:Germany

Address

114 rue Gallieni, Boulogne-Billancourt, FRA, 92100

Website

https://www.sidetrade.com

Sidetrade SA is a developer of a software-as-a-service platform intended to secure and accelerate cash flow. The company's platform predicts customer payment behavior worldwide, it recommends cash collection strategies, intelligently automates actions on the order-to-cash process, and dematerializes customer transactions to enhance productivity, performance, and working capital management, enabling companies to optimize financial relations between customers and businesses.

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