TROO (TROOPS) LT-Debt-to-Total-Asset : 0.16 (As of Jun. 2024)

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What is TROOPS 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. TROOPS's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.16.

TROOPS's long-term debt to total assets ratio increased from Jun. 2023 (0.00) to Jun. 2024 (0.16). It may suggest that TROOPS is progressively becoming more dependent on debt to grow their business.

TROOPS LT-Debt-to-Total-Asset Historical Data

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

TROOPS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.05

0.07

TROOPS Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	-	-	0.16

TROOPS LT-Debt-to-Total-Asset Calculation

TROOPS'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	/	70.345
	=	0.00

TROOPS'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 )
	=	13.415	/	83.591
	=	0.16

TROOPS (NAS:TROO) 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.

TROOPS LT-Debt-to-Total-Asset Related Terms

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TROOPS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » TROOPS Inc (NAS:TROO) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Fui Yiu Kok Street, 21st Floor, Tsuen Wan, New Territories, Hong Kong, HKG

Website

https://www.troops.co

TROOPS Inc is a conglomerate group of various businesses with its headquarters based in Hong Kong. The group is principally engaged in money lending business in Hong Kong providing mortgage loans to high quality target borrowers, property investment to generate additional rental income and the development, operation and management of an online financial marketplace that provides one-stop financial technology solutions including API services by leveraging artificial intelligence, large data and blockchain, and cloud computing (SaaS). It derives revenue from Hong Kong and Australia. Majority of its revenue generates from domestic market.

Executives

Hong Xiang Liu	director	2F20 XIAO HUOWA, BAIXIA DISTRICT, SHANGHAI F4 210002
Hao Wu	director, officer: Chief Financial Officer	CIRO'S PLAZA, 388 NANJING WEST RD., SUITE 2307, SHANGHAI F4 200003
William R Hambrecht	10 percent owner	C/O ADOBE SUSTEMS INC, 345 PARK AVENUE P O BOX 2704, SAN JOSE CA 95110-2704
Stephen N Cannon	10 percent owner, officer: Vice President of Acquisitions	13/F TOWER 2, NEW WORLD TOWER, 18 QUEENS ROAD CENTRAL, HONG KONG K3 K3 00000
Wr Hambrecht & Co Llc	10 percent owner	550 15TH STREET, SAN FRANCISCO CA 94103
Robert J Eu	director, 10 percent owner, officer: Chairman, CFO and Secretary	13/F TOWER 2, NEW WORLD TOWER, 18 QUEENS ROAD CENTRAL, HONG KONG K3 K3 00000
John Wang	director, 10 percent owner, officer: CEO, President and Director	13/F TOWER 2, NEW WORLD TOWER, 18 QUEENS ROAD CENTRAL, HONG KONG K3 K3 00000
Lee S Ting	director	13/F TOWER 2, NEW WORLD TOWER, 18 QUEENS, ROAD CENTRAL, HONG KONG K3 0000000

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