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Serve Robotics (Serve Robotics) LT-Debt-to-Total-Asset : 0.03 (As of Mar. 2024)


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What is Serve Robotics 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. Serve Robotics's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.03.

Serve Robotics's long-term debt to total assets ratio increased from Mar. 2023 (0.00) to Mar. 2024 (0.03). It may suggest that Serve Robotics is progressively becoming more dependent on debt to grow their business.

Serve Robotics LT-Debt-to-Total-Asset Historical Data

The historical data trend for Serve Robotics'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.

* Premium members only.

Serve Robotics LT-Debt-to-Total-Asset Chart

Serve Robotics Annual Data
Trend Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
- 0.44 0.16

Serve Robotics Quarterly Data
Dec21 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only - 0.36 0.13 0.16 0.03

Serve Robotics LT-Debt-to-Total-Asset Calculation

Serve Robotics'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 )
=0.442/2.805
=0.16

Serve Robotics'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 )
=0.106/4.248
=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.

Serve Robotics  (NAS:SERV) 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.

Serve Robotics LT-Debt-to-Total-Asset Related Terms

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Serve Robotics (Serve Robotics) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Serve Robotics Inc (NAS:SERV) » Definitions » LT-Debt-to-Total-Asset
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Traded in Other Exchanges
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Address
730 Broadway, Redwood, CA, USA, 94063
Website
https://www.serverobotics.com
Serve Robotics Inc is developing next-generation robots for last-mile delivery services. Its first product is a zero-emission robot that serves people in public areas, Starting with food delivery. It has developed an advanced, AI-robotics mobility platform, with last-mile delivery in cities as its first application.