Sprout Social (Sprout Social) LT-Debt-to-Total-Asset : 0.15 (As of Mar. 2024)

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What is Sprout Social 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. Sprout Social's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.15.

Sprout Social's long-term debt to total assets ratio increased from Mar. 2023 (0.06) to Mar. 2024 (0.15). It may suggest that Sprout Social is progressively becoming more dependent on debt to grow their business.

Sprout Social LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sprout Social'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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Sprout Social LT-Debt-to-Total-Asset Chart

Sprout Social Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.10

0.08

0.06

0.18

Sprout Social Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	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															0.06	0.05	0.23	0.18	0.15

Sprout Social LT-Debt-to-Total-Asset Calculation

Sprout Social'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 )
	=	70.083	/	396.585
	=	0.18

Sprout Social'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 )
	=	59.085	/	389.94
	=	0.15

Sprout Social (NAS:SPT) 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.

Sprout Social LT-Debt-to-Total-Asset Related Terms

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Sprout Social (Sprout Social) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sprout Social Inc (NAS:SPT) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

SPT:Mexico

Address

131 South Dearborn Street, Suite 700, Chicago, IL, USA, 60603

Website

https://www.sproutsocial.com

Sprout Social Inc develops a cloud software that brings together social messaging, data and workflows in a unified system of record, intelligence, and action. The firm generates majority revenue from software subscriptions.

Executives

Justyn Russell Howard	director, 10 percent owner, officer: Chairman and CEO	C/O SPROUT SOCIAL, INC., 131 SOUTH DEARBORN STREET, SUITE 700, CHICAGO IL 60603
Ryan Paul Barretto	officer: President	C/O SPROUT SOCIAL, INC., 131 SOUTH DEARBORN AVENUE, SUITE 700, CHICAGO IL 60603
Rankin Aaron Edward Frederick	director, 10 percent owner, officer: Chief Technology Officer	C/O SPROUT SOCIAL, INC., 131 SOUTH DEARBORN STREET, SUITE 700, CHICAGO IL 60603
Preto Joseph Del	officer: CFO and Treasurer	600 WEST CHICAGO AVENUE, SUITE 850, CHICAGO IL 60610
Karen Walker	director	170 WEST TASMAN DRIVE, SAN JOSE CA 95134
Raina Moskowitz	director	117 ADAMS STREET, C/O ETSY,INC., BROOKLYN NY 11201
William Thomas Stanley	director	131 S DEARBORN ST, STE 700, CHICAGO IL 60603
Steven A Collins	director	20 N. MERIDIAN STREET, SUITE 200, INDIANAPOLIS IN 46204
Jamie Cannon Gilpin	officer: Chief Marketing Officer	C/O SPROUT SOCIAL, INC., 131 SOUTH DEARBORN STREET, SUITE 700, CHICAGO IL 60603
Goldman Sachs Group Inc	10 percent owner	200 WEST STREET, NEW YORK NY 10282
Jason Kreuziger	director	C/O SPROUT SOCIAL, INC., 131 SOUTH DEARBORN STREET, SUITE 700, CHICAGO IL 60603
Gs Fund Holdings, L.l.c.	10 percent owner	200 WEST STREET, NEW YORK NY 10282
New Enterprise Associates 13 Lp	10 percent owner	1119 ST PAUL STREET, BALTIMORE MD 21202
Mbd Advisors, L.l.c.	10 percent owner	200 WEST STREET, NEW YORK NY 10282
Bridge Street Opportunity Advisors, L.l.c.	10 percent owner	200 WEST STREET, NEW YORK NY 10282