Presto Automation (Presto Automation) LT-Debt-to-Total-Asset : 0.00 (As of Mar. 2024)

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What is Presto Automation 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. Presto Automation's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.00.

Presto Automation's long-term debt to total assets ratio declined from Mar. 2023 (0.04) to Mar. 2024 (0.00). It may suggest that Presto Automation is progressively becoming less dependent on debt to grow their business.

Presto Automation LT-Debt-to-Total-Asset Historical Data

The historical data trend for Presto Automation'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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Presto Automation LT-Debt-to-Total-Asset Chart

Presto Automation Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

0.27

1.02

0.07

Presto Automation Quarterly Data
	Jun20	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										0.04	0.07	0.05	-	-

Presto Automation LT-Debt-to-Total-Asset Calculation

Presto Automation's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	3.136	/	46.687
	=	0.07

Presto Automation'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 )
	=	0	/	20.432
	=	0.00

Presto Automation (NAS:PRST) 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.

Presto Automation LT-Debt-to-Total-Asset Related Terms

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Presto Automation (Presto Automation) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Presto Automation Inc (NAS:PRST) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

985 Industrial Road, San Carlos, CA, USA, 94070

Website

https://www.presto.com

Presto Automation Inc overlays next-gen digital solutions onto the physical world. It provides an accurate, next-gen solution that uses artificial intelligence to automate speech recognition for restaurant drive-thru. The Company earns substantially all of its revenue in the United States.

Executives

Keith E Kravcik	director	11840 VALLEY VIEW ROAD, EDEN PRAIRIE MN 55344
Dan Mosher	officer: Chief Revenue Officer	810 HAMILTON STREET, REDWOOD CITY CA 94063
Justin Foster	officer: Chief Revenue Officer	PRESTO AUTOMATION INC., 985 INDUSTRIAL ROAD, SAN CARLOS CA 94070
Cleveland Avenue Food & Beverage Fund Ii, Lp	10 percent owner	222 N. CANAL STREET, CHICAGO IL 60606
Nathan Cook	officer: Interim CFO	PRESTO AUTOMATION INC., 985 INDUSTRIAL ROAD, SAN CARLOS CA 94070
Xavier Casanova	officer: CHIEF OPERATING OFFICER	PRESTO AUTOMATION INC., 985 INDUSTRIAL ROAD, SAN CARLOS CA 94070
Rajat Suri	10 percent owner	525 MIDDLEFIELD ROAD, SUITE 250, MENLO PARK CA 94025
Stanley Mbugua	officer: Chief Accounting Officer	SKILLZ INC, PO BOX 455, SAN FRAN CA 94104
Scott David Raskin	director	QUOTIENT TECHNOLOGY INC., 1260 EAST STRINGHAM AVENUE, SUITE 600, SALT LAKE CITY UT 84106
Gail Zauder	director	122 EAST 82ND STREET, NEW YORK NY 10028
Kim A Lopdrup	director	1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
Jonas Grossman	director, 10 percent owner	17 STREET, SUITE 1600, NEW YORK NY 10004
Ashish Ram Gupta	officer: Chief Financial Officer	810 HAMILTON STREET, REDWOOD CITY CA 94063
William Robert Healey	officer: Chief Technology Officer	810 HAMILTON STREET, REDWOOD CITY CA 94063
Romulus Elc B3 Special Opportunity, L.p.	10 percent owner	307 HARVARD STREET, CAMBRIDGE MA 02139