Yangaroo (TSXV:YOO) LT-Debt-to-Total-Asset : 0.24 (As of Sep. 2023)

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What is Yangaroo 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. Yangaroo's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.24.

Yangaroo's long-term debt to total assets ratio increased from Sep. 2022 (0.01) to Sep. 2023 (0.24). It may suggest that Yangaroo is progressively becoming more dependent on debt to grow their business.

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

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

Yangaroo Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.17

0.06

0.02

0.25

Yangaroo Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.25	0.25	0.23	0.24

Yangaroo LT-Debt-to-Total-Asset Calculation

Yangaroo's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	3.142	/	12.414
	=	0.25

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

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	2.702	/	11.205
	=	0.24

Yangaroo (TSXV:YOO) 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.

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

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Yangaroo (TSXV:YOO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Yangaroo Inc (TSXV:YOO) » Definitions » LT-Debt-to-Total-Asset

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YOOIF:USA

Address

360 Dufferin St, Suite 203, Toronto, ON, CAN, M6K 3G1

Website

http://www.yangaroo.com

Yangaroo Inc is a technology software company. It is the provider of workflow management solutions for the media industry. The company's Digital Media Distribution System platform is an end to an end technology solution that provides a fully integrated workflow-based digital distribution and data management solution. DMDS provides audio and video content for music, music videos, and advertising to television, radio, media, retailers, and award shows. The Company has only one reportable segment and provides Advertising, Entertainment and Awards Management software workflow solutions to customers across multiple geographic regions. Geographically, the firm operates in Canada and the United States. It generates a majority of its revenue from the United States.

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