THNCF (Thinkific Labs) LT-Debt-to-Total-Asset : 0.02 (As of Dec. 2024)

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What is Thinkific Labs 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. Thinkific Labs's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.02.

Thinkific Labs's long-term debt to total assets ratio increased from Dec. 2023 (0.01) to Dec. 2024 (0.02). It may suggest that Thinkific Labs is progressively becoming more dependent on debt to grow their business.

Thinkific Labs LT-Debt-to-Total-Asset Historical Data

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

Thinkific Labs Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.07

0.02

0.01

0.02

Thinkific Labs Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	-	-	-	0.02

Thinkific Labs LT-Debt-to-Total-Asset Calculation

Thinkific Labs's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	1.401	/	61.368
	=	0.02

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

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	1.401	/	61.368
	=	0.02

Thinkific Labs (OTCPK:THNCF) 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.

Thinkific Labs LT-Debt-to-Total-Asset Related Terms

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Thinkific Labs Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Thinkific Labs Inc (OTCPK:THNCF) » Definitions » LT-Debt-to-Total-Asset

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5S0:Germany 5S0:Germany THNC:Canada

Address

369 Terminal Avenue, Suite 400, Vancouver, BC, CAN, V6A 4C4

Website

https://www.thinkific.com

Thinkific Labs Inc is a cloud-based software platform. Its business activity is to provide a platform that helps entrepreneurs and established businesses to scale and generate revenue by teaching. The platform provides its creators with the functionality needed to launch, grow, and diversify their businesses by creating and selling learning products composed of customized courses, communities, membership sites and other experiences that creators can create, sell, and deliver using its Platform. Its sources of revenue consist of software subscriptions to its cloud-based platform and revenue from payment processing.