Akamai Technologies (WBO:AKAM) LT-Debt-to-Total-Asset : 0.32 (As of Sep. 2024)

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What is Akamai Technologies 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. Akamai Technologies's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.32.

Akamai Technologies's long-term debt to total assets ratio declined from Sep. 2023 (0.45) to Sep. 2024 (0.32). It may suggest that Akamai Technologies is progressively becoming less dependent on debt to grow their business.

Akamai Technologies LT-Debt-to-Total-Asset Historical Data

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

Akamai Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.36

0.34

0.33

0.36

0.44

Akamai Technologies Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.45	0.44	0.44	0.32	0.32

Akamai Technologies LT-Debt-to-Total-Asset Calculation

Akamai Technologies'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 )
	=	3955.053	/	9078.334
	=	0.44

Akamai Technologies's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	2928.411	/	9181.602
	=	0.32

Akamai Technologies (WBO:AKAM) 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.

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Akamai Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Akamai Technologies Inc (WBO:AKAM) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

AKAM:USA 1AKAM:Italy 0HBQ:UK AK3:Germany AK3:Germany A1KA34:Brazil

Address

145 Broadway, Cambridge, MA, USA, 02142

Website

https://www.akamai.com

Akamai operates a content delivery network, which entails locating servers at the edges of networks so its customers, which store content on Akamai servers, can reach their own customers faster, more securely, and with better quality. Akamai has over 325,000 servers distributed over 4,100 points of presence in more than 1,000 cities worldwide. The firm also offers security and cloud computing for its customers, and those businesses have grown to be bigger than the legacy CDN.