Table Trac (Table Trac) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2023)

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What is Table Trac 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. Table Trac's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.01.

Table Trac's long-term debt to total assets ratio increased from Dec. 2022 (0.01) to Dec. 2023 (0.01). It may suggest that Table Trac is progressively becoming more dependent on debt to grow their business.

Table Trac LT-Debt-to-Total-Asset Historical Data

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

Table Trac Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

Table Trac 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															0.01	0.01	0.01	0.02	0.01

Table Trac LT-Debt-to-Total-Asset Calculation

Table Trac'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 )
	=	0.127	/	11.738
	=	0.01

Table Trac'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 )
	=	0.127	/	11.738
	=	0.01

Table Trac (OTCPK:TBTC) 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.

Table Trac LT-Debt-to-Total-Asset Related Terms

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Table Trac (Table Trac) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Table Trac Inc (OTCPK:TBTC) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

6101 Baker Road, Suite 206, Minnetonka, MN, USA, 55345

Website

https://www.casinotrac.com

Table Trac Inc develops patented proprietary information and management systems that automate and monitor the operations of casino table game operations. It also provides technical support to the casinos. The company mainly operates in the United States, Australia, Japan, the Caribbean and countries in both Central and South America. It derives the majority of its revenues from system sales. The Company sells and leases systems and technical support to casinos. It has casino management systems, table games management systems, DataTrac, KioskTrac and ancillary products installed with on-going support and maintenance contracts.

Executives

William Martinez	director	6101 BAKER RD, #206, MINNETONKA MN 55345
Thomas J Mertens	director	6101 BAKER RD., #206, MINNETONKA MN 55345
Louis C Fornetti	director	6101 BAKER ROAD, SUITE 206, MINNETONKA MN 55345
Randy Gilbert	officer: Chief Financial Officer	2415 ANNAPOLIS LANE, SUITE 100, PLYMOUTH MN 55441
Gary L Loebig	director	206 WILD BASIN ROAD, BLDG B 4TH FLOOR, AUSTIN TX 78746
Brian Hinchley	officer: Chief Financial Officer	6101 BAKER ROAD, SUITE 206, MINNETONKA MN 55345
Chad B Hoehne	director, officer: President and CEO	15612 HIGHWAY 7, SUITE 331, MINNETONKA MN 55345
Steven A Browne	director	1960 NEWMAN, CARSON CITY NV 89703
Michael I Connolly	director	7800 BELFORT PARKWAY, SUITE 165, JACKSONVILLE FL 32256
Robert Siqveland	director, officer: Exec. Asst and Secretary	15612 HIGHWAY 7, SUITE 331, MINNETONKA MN 55345
Glenn Joseph Goulet	director	10708 BULL RIDGE DRIVE, AUSTIN TX 78759
Scott E Smith	director	10513 RIGBY DRIVE, EDEN PRAIRIE MN 55447