Sapiens International NV (XTAE:SPNS) LT-Debt-to-Total-Asset : 0.06 (As of Mar. 2024)

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What is Sapiens International NV 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. Sapiens International NV's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.06.

Sapiens International NV's long-term debt to total assets ratio declined from Mar. 2023 (0.10) to Mar. 2024 (0.06). It may suggest that Sapiens International NV is progressively becoming less dependent on debt to grow their business.

Sapiens International NV LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sapiens International NV'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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Sapiens International NV LT-Debt-to-Total-Asset Chart

Sapiens International NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.23

0.21

0.17

0.13

0.09

Sapiens International NV 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															0.10	0.09	0.09	0.09	0.06

Sapiens International NV LT-Debt-to-Total-Asset Calculation

Sapiens International NV'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 )
	=	222.74	/	2533.639
	=	0.09

Sapiens International NV'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 )
	=	141.594	/	2512.239
	=	0.06

Sapiens International NV (XTAE:SPNS) 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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Sapiens International NV (XTAE:SPNS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sapiens International Corp NV (XTAE:SPNS) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

SPNS:USA S3P:Germany

Address

26 Harokmim Street, Azrieli Center, Holon, ISR, 5885800

Website

https://www.sapiens.com

Sapiens International Corp NV is a provider of software solutions for the insurance industry, with an emerging focus on the financial services sector. The company offers software, solutions and professional services for property & casualty (P&C); reinsurance; life, pension & annuity (L&A); workers' compensation (WC); medical professional liability (MPL); financial & compliance (F&C); and decision modelling for both insurance and financial markets. The group also provides services for project delivery and implementation services, for its Software Solutions portfolio. Geographically, it operates in the region of North America, United Kingdom, Israel, and other European countries and Rest of the World and derives the majority of its income from North American region.