Crimson Tide (LSE:TIDE) LT-Debt-to-Total-Asset : 0.05 (As of Dec. 2023)

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What is Crimson Tide 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. Crimson Tide's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.05.

Crimson Tide's long-term debt to total assets ratio declined from Dec. 2022 (0.06) to Dec. 2023 (0.05). It may suggest that Crimson Tide is progressively becoming less dependent on debt to grow their business.

Crimson Tide LT-Debt-to-Total-Asset Historical Data

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

Crimson Tide Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.04

0.02

0.06

0.05

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
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	0.07	0.06	0.07	0.05

Crimson Tide LT-Debt-to-Total-Asset Calculation

Crimson Tide'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 )
	=	0.468	/	9.685
	=	0.05

Crimson Tide'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 )
	=	0.468	/	9.685
	=	0.05

Crimson Tide (LSE:TIDE) 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.

Crimson Tide LT-Debt-to-Total-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 » LT-Debt-to-Total-Asset

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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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