Facephi Biometria (XMAD:FACE) LT-Debt-to-Total-Asset : 0.07 (As of Dec. 2023)

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What is Facephi Biometria 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. Facephi Biometria's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.07.

Facephi Biometria's long-term debt to total assets ratio declined from Dec. 2022 (0.12) to Dec. 2023 (0.07). It may suggest that Facephi Biometria is progressively becoming less dependent on debt to grow their business.

Facephi Biometria LT-Debt-to-Total-Asset Historical Data

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

Facephi Biometria Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.04

0.38

0.28

0.12

0.07

Facephi Biometria 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															0.28	0.19	0.12	0.11	0.07

Facephi Biometria LT-Debt-to-Total-Asset Calculation

Facephi Biometria'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 )
	=	3.021	/	45.712
	=	0.07

Facephi Biometria'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 )
	=	3.021	/	45.712
	=	0.07

Facephi Biometria (XMAD:FACE) 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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Facephi Biometria Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Facephi Biometria SA (XMAD:FACE) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

ALPHI:France 8FB:Germany

Address

Avenida Mexico, 20 Edificio MARSAMAR, 3 C, Alicante, ESP, 03008

Website

https://www.facephi.com

Facephi Biometria SA is engaged in developing and marketing face recognition software and mobile biometrics technology. The company's software is used in online banking, mobile banking, social networks, ATM's, single sign-on and automotive sector. Its product offerings include SDK, Selphi, Me and PhiVox. The Company's main activity consists of marketing and implementation of biometric facial recognition software. The company derives majority of the revenue d from the sale of the rights to use (licensing, maintenance and support) of the recognition technology software by facial biometrics.

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