Gen Digital (STU:SYM) LT-Debt-to-Total-Asset : 0.56 (As of Dec. 2023)

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What is Gen Digital 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. Gen Digital's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.56.

Gen Digital's long-term debt to total assets ratio declined from Dec. 2022 (0.64) to Dec. 2023 (0.56). It may suggest that Gen Digital is progressively becoming less dependent on debt to grow their business.

Gen Digital LT-Debt-to-Total-Asset Historical Data

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

Gen Digital Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

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0.25

0.46

0.53

0.41

0.60

Gen Digital Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.64	0.60	0.59	0.57	0.56

Gen Digital LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2023 )	/	Total Assets (A: Mar. 2023 )
	=	8929.04	/	14894.498
	=	0.60

Gen Digital's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	8352.953	/	14930.594
	=	0.56

Gen Digital (STU:SYM) 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.

Gen Digital LT-Debt-to-Total-Asset Related Terms

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Gen Digital (STU:SYM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Gen Digital Inc (STU:SYM) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

GEN:USA GEN:Mexico SYM:Germany GEN:Czech Republic

Address

60 E. Rio Salado Parkway, Suite 1000, Tempe, AZ, USA, 85281

Website

https://www.gendigital.com

Gen is a cybersecurity pure-play that offers security, identity protection, and privacy solutions to individual consumers. The firm's cyber safety offerings, via brands such as Norton, Avast, and LifeLock, have long maintained their positions as some of the most recognizable consumer-focused security and identity-protection products.