QuickBit eu AB (STU:QBT) LT-Debt-to-Total-Asset : 0.01 (As of Sep. 2024)

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What is QuickBit eu AB 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. QuickBit eu AB's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.01.

QuickBit eu AB's long-term debt to total assets ratio increased from Sep. 2023 (0.01) to Sep. 2024 (0.01). It may suggest that QuickBit eu AB is progressively becoming more dependent on debt to grow their business.

QuickBit eu AB LT-Debt-to-Total-Asset Historical Data

The historical data trend for QuickBit eu AB'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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QuickBit eu AB LT-Debt-to-Total-Asset Chart

QuickBit eu AB Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.01

QuickBit eu AB 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															0.01	-	-	-	0.01

QuickBit eu AB LT-Debt-to-Total-Asset Calculation

QuickBit eu AB'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 )
	=	0	/	13.5
	=	0.00

QuickBit eu AB'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 )
	=	0.2	/	15.2
	=	0.01

QuickBit eu AB (STU:QBT) 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.

QuickBit eu AB LT-Debt-to-Total-Asset Related Terms

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QuickBit eu AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » QuickBit eu AB (STU:QBT) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

QBIT:Sweden QBT:Germany

Address

Lastmakargatan 20, Stockholm, SWE, SE-111 44

Website

https://www.quickbit.com

QuickBit eu AB is a Swedish fintech company. The company offers solutions for e-merchants to charge consumers in cryptocurrency and will launch solutions for people to easily use cryptocurrency in their everyday lives. The company also offers services to consumers with user-friendly secure solutions using Quickbit App and Quickbit Card.

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