Cirata (Cirata) LT-Debt-to-Total-Asset : 0.02 (As of Dec. 2023)

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What is Cirata 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. Cirata's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.02.

Cirata's long-term debt to total assets ratio increased from Dec. 2022 (0.01) to Dec. 2023 (0.02). It may suggest that Cirata is progressively becoming more dependent on debt to grow their business.

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

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

Cirata Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.07

0.04

0.03

0.01

0.02

Cirata Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.03	0.02	0.01	-	0.02

Cirata LT-Debt-to-Total-Asset Calculation

Cirata'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 )
	=	0.359	/	23.114
	=	0.02

Cirata'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 )
	=	0.359	/	23.114
	=	0.02

Cirata (OTCPK:WANSF) 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.

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

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Cirata (Cirata) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Cirata Plc (OTCPK:WANSF) » Definitions » LT-Debt-to-Total-Asset

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Address

1-13 Angel Street, Castle House, Sheffield, GBR, S3 8LN

Website

https://www.cirata.com

Cirata Plc is a provider of collaboration software to the software development industry. It offers Active Data Replication, a patented technology that enables the replication of continuously changing data to the cloud and on-premises data centers. The company primarily serves the big data and source code management markets. In addition, the company offers cloud migration, cloud replication, data lakes, developer collaboration, real-time analytics, and the internet of things. The company currently operates in three geographical markets: North America, Europe, and the Rest of the World. The company's largest end market by revenue in North America.