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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. NIC's long-term debt to total assests ratio for the quarter that ended in Dec. 2020 was 0.02.
NIC's long-term debt to total assets ratio declined from Dec. 2019 (0.02) to Dec. 2020 (0.02). It may suggest that NIC is progressively becoming less dependent on debt to grow their business.
The historical data trend for NIC'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.
NIC Annual Data | |||||||||||||||||||||
Trend | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | |||||||||||
LT-Debt-to-Total-Asset | Get a 7-Day Free Trial | - | - | - | 0.02 | 0.02 |
NIC Quarterly Data | ||||||||||||||||||||
Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | |
LT-Debt-to-Total-Asset | Get a 7-Day Free Trial | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
NIC's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2020 is calculated as
LT Debt to Total Assets (A: Dec. 2020 ) | = | Long-Term Debt & Capital Lease Obligation (A: Dec. 2020 ) | / | Total Assets (A: Dec. 2020 ) |
= | 7.172 | / | 464.349 | |
= | 0.02 |
NIC's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2020 is calculated as
LT Debt to Total Assets (Q: Dec. 2020 ) | = | Long-Term Debt & Capital Lease Obligation (Q: Dec. 2020 ) | / | Total Assets (Q: Dec. 2020 ) |
= | 7.172 | / | 464.349 | |
= | 0.02 |
* 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.
NIC (NAS:EGOV) 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.
Thank you for viewing the detailed overview of NIC's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Venmal (raji) Arasu | director | 25501 WEST VALLEY PARKWAY, SUITE 300, OLATHE KS 66061 |
Douglas Rogers | officer: Sr VP, Business Development | 25501 WEST VALLEY PARKWAY SUITE 300 OLATHE KS 66061 |
Elizabeth Mccarrell Proudfit | officer: Sr VP, Marketing & Comm | 25501 W. VALLEY PKWY, SUITE 300 OLATHE KS 66061 |
Sylvester Jr. James | director | 25501 W. VALLEY PKWY, SUITE 300 OLATHE KS 66061 |
Elizabeth Amegan Thomas | officer: Chief of Staff | 25501 W. VALLEY PKWY, SUITE 300 OLATHE KS 66061 |
Brian Gerald Anderson | officer: Chief Technology Officer | C/O NIC INC. 25501 WEST VALLEY PARKWAY, SUITE 300 OLATHE KS 66061 |
Art N Burtscher | director | C/O NOVASTAR FINANCIAL INC 8140 WARD PARKWAY, STE 300 KANSAS CITY MO 64114 |
Alexander C Kemper | director | C/O NIC INC., 25501 WEST VALLEY PARKWAY, SUITE 300, OLATHE KS 66061 |
Peter B Wilson | director | 10540 SOUTH RIDGEVIEW ROAD OLATHE KS 66061 |
William M Lyons | director | 225 WEST WACKER DRIVE, CHICAGO IL 60606 |
Charles Bradford Henry | director | 25501 WEST VALLEY PARKWAY SUITE 300 OLATHE KS 66061 |
Jayaprakash Vijayan | director | 25501 WEST VALLEY PARKWAY, SUITE 300, OLATHE KS 66061 |
Anthony Scott | director | 25501 WEST VALLEY PARKWAY, OLATHE KS 66061 |
Van Asselt William A. | officer: General Counsel | 25501 WEST VALLEY PARKWAY SUITE 300 OLATHE KS 66061 |
Harry Herington | director, officer: Chair of Board & CEO | 25501 WEST VALLEY PARKWAY SUITE 300 OLATHE KS 66061 |
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