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TDTH (Trident Digital Tech Holdings) LT-Debt-to-Total-Asset : 0.23 (As of Jun. 2024)


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What is Trident Digital Tech 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. Trident Digital Tech Holdings's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.23.

Trident Digital Tech Holdings's long-term debt to total assets ratio increased from Jun. 2023 (0.20) to Jun. 2024 (0.23). It may suggest that Trident Digital Tech Holdings is progressively becoming more dependent on debt to grow their business.

Trident Digital Tech Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Trident Digital Tech 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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Trident Digital Tech Holdings LT-Debt-to-Total-Asset Chart

Trident Digital Tech Holdings Annual Data
Trend Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
0.09 0.56 0.24

Trident Digital Tech Holdings Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
LT-Debt-to-Total-Asset Get a 7-Day Free Trial - 0.56 0.20 0.24 0.23

Trident Digital Tech Holdings LT-Debt-to-Total-Asset Calculation

Trident Digital Tech 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 )
=1.385/5.83
=0.24

Trident Digital Tech Holdings'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 )
=0.913/4.024
=0.23

* 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.

Trident Digital Tech Holdings  (NAS:TDTH) 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.

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Trident Digital Tech Holdings Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Trident Digital Tech Holdings Ltd (NAS:TDTH) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
DTST BTCM GEDC ARBB CLPS WYY GLE JFU JDZG HWNI IBM ACN NSE:TCS FI NSE:INFY NSE:HCLTECH FIS CTSH TSE:6702 XMAD:AMS
Traded in Other Exchanges
N/A
Address
8 Temasek Boulevard Road, Suntec Tower 3, No. 24-03, Singapore, SGP, 038988
Website
https://tridentity.me
Trident Digital Tech Holdings is principally engaged in the provision of business consulting service and IT customization solutions in the Republic of Singapore.