Legimi (WAR:LEG) LT-Debt-to-Total-Asset : 0.00 (As of Jun. 2024)

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What is Legimi 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. Legimi's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.00.

Legimi's long-term debt to total assets ratio declined from Jun. 2023 (0.04) to Jun. 2024 (0.00). It may suggest that Legimi is progressively becoming less dependent on debt to grow their business.

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

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

Legimi Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.16

0.25

0.06

0.08

0.02

Legimi Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial														0.04	0.03	0.02	0.01	-

Legimi LT-Debt-to-Total-Asset Calculation

Legimi'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 )
	=	0.387	/	21.597
	=	0.02

Legimi'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	/	27.815
	=	0.00

Legimi (WAR:LEG) 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.

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

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Legimi Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Legimi SA (WAR:LEG) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

Obornicka 330, Poznan, POL, 60-689

Website

https://www.legimi.pl

Legimi SA is providing subscription ebooks and audiobooks in a model such as global digital entertainment as Spotify and Netflix. Reading and listening with Legimi subscription is possible on almost all smartphones, tablets, and e-readers, as well as on some computers.