Bytes Technology Group (JSE:BYI) LT-Debt-to-Total-Asset : 0.00 (As of Aug. 2023)

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What is Bytes Technology Group 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. Bytes Technology Group's long-term debt to total assests ratio for the quarter that ended in Aug. 2023 was 0.00.

Bytes Technology Group's long-term debt to total assets ratio increased from Aug. 2022 (0.00) to Aug. 2023 (0.00). It may suggest that Bytes Technology Group is progressively becoming more dependent on debt to grow their business.

Bytes Technology Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Bytes Technology Group'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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Bytes Technology Group LT-Debt-to-Total-Asset Chart

Bytes Technology Group Annual Data

Trend

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

LT-Debt-to-Total-Asset

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0.01

Bytes Technology Group Semi-Annual Data
	Feb18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial						0.01	-	-	-	-

Bytes Technology Group LT-Debt-to-Total-Asset Calculation

Bytes Technology Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Feb. 2023 is calculated as

LT Debt to Total Assets (A: Feb. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Feb. 2023 )	/	Total Assets (A: Feb. 2023 )
	=	19.831	/	6937.051
	=	0.00

Bytes Technology Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Aug. 2023 is calculated as

LT Debt to Total Assets (Q: Aug. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Aug. 2023 )	/	Total Assets (Q: Aug. 2023 )
	=	27.911	/	7236.082
	=	0.00

Bytes Technology Group (JSE:BYI) 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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Bytes Technology Group (JSE:BYI) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Bytes Technology Group PLC (JSE:BYI) » Definitions » LT-Debt-to-Total-Asset

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BYITl:UK BYIT:UK 9NY:Germany

Address

Randalls Way, Bytes House, Leatherhead, Surrey, GBR, KT22 7TW

Website

https://www.bytesplc.com

Bytes Technology Group PLC provides IT solutions and services, offering software, hardware and cloud services. It enables effective and cost-efficient technology sourcing, adoption and management across software, security and cloud services. The company's brands include Bytes Software Services (BSS) and Phoenix Software. It generates a majority of its revenue from Software.

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