Sirma Group Holding JSC (XBUL:SGH) LT-Debt-to-Total-Asset : 0.02 (As of Mar. 2024)

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What is Sirma Group Holding JSC 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. Sirma Group Holding JSC's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.02.

Sirma Group Holding JSC's long-term debt to total assets ratio declined from Mar. 2023 (0.08) to Mar. 2024 (0.02). It may suggest that Sirma Group Holding JSC is progressively becoming less dependent on debt to grow their business.

Sirma Group Holding JSC LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sirma Group Holding JSC'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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Sirma Group Holding JSC LT-Debt-to-Total-Asset Chart

Sirma Group Holding JSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.08

0.09

0.07

0.01

Sirma Group Holding JSC Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.08	0.02	0.01	0.01	0.02

Sirma Group Holding JSC LT-Debt-to-Total-Asset Calculation

Sirma Group Holding JSC'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 )
	=	1.283	/	95.52
	=	0.01

Sirma Group Holding JSC's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	1.412	/	93.501
	=	0.02

Sirma Group Holding JSC (XBUL:SGH) 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.

Sirma Group Holding JSC LT-Debt-to-Total-Asset Related Terms

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Sirma Group Holding JSC (XBUL:SGH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sirma Group Holding JSC (XBUL:SGH) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

135 Tsarigradsko Shosse, Area Mladost, Sofia, BGR, 1784

Website

https://www.sirma.com

Sirma Group Holding JSC specializes in information technologies and software development, system integration and software implementation. The company develops semantic platforms and solutions, cognitive software business solutions, industrial applications, mobile platforms and applications, ERP software, solutions and services for the financial industry, payment services, e-government platform and services.