Crimson Tide (LSE:TIDE) Debt-to-Asset : 0.07 (As of Dec. 2023)

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What is Crimson Tide Debt-to-Asset?

Crimson Tide's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £0.20 Mil. Crimson Tide's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £0.47 Mil. Crimson Tide's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was £9.69 Mil. Crimson Tide's debt to asset for the quarter that ended in Dec. 2023 was 0.07.

Crimson Tide Debt-to-Asset Historical Data

The historical data trend for Crimson Tide's Debt-to-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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Crimson Tide Debt-to-Asset Chart

Crimson Tide Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.10

0.06

0.01

0.08

0.07

Crimson Tide Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial															0.01	0.09	0.08	0.09	0.07

Competitive Comparison of Crimson Tide's Debt-to-Asset

For the Software - Application subindustry, Crimson Tide's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Crimson Tide's Debt-to-Asset Distribution in the Software Industry

For the Software industry and Technology sector, Crimson Tide's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Crimson Tide's Debt-to-Asset falls into.

Crimson Tide Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Crimson Tide's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.199	+	0.468)	/	9.685
	=	0.07

Crimson Tide's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.199	+	0.468)	/	9.685
	=	0.07

Crimson Tide (LSE:TIDE) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Crimson Tide Debt-to-Asset Related Terms

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Crimson Tide (LSE:TIDE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Crimson Tide PLC (LSE:TIDE) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

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Address

77 Mount Ephraim, Crimson Tide, Brockbourne House, Tunbridge Wells, Kent, GBR, TN4 8BS

Website

https://www.crimsontide.co.uk

Crimson Tide PLC is a UK-based company which is engaged in the provision of mobility solutions and related software development. The company provides mpro software which is a Maas (Mobility as a Service) that provides job scheduling, alerting, and reporting. It aims to improve the efficiency of staff working and capturing data out in the field. The company also provides non-core software solutions which include reselling third-party software and related development and support services. The majority of the company's revenue comes from mobility solutions and geographically from the United Kingdom.

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