Climb Global Solutions (STU:PYA) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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What is Climb Global Solutions 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. Climb Global Solutions's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.01.

Climb Global Solutions's long-term debt to total assets ratio declined from Mar. 2023 (0.01) to Mar. 2024 (0.01). It may suggest that Climb Global Solutions is progressively becoming less dependent on debt to grow their business.

Climb Global Solutions LT-Debt-to-Total-Asset Historical Data

The historical data trend for Climb Global Solutions'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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Climb Global Solutions LT-Debt-to-Total-Asset Chart

Climb Global Solutions Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.01

Climb Global Solutions 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															0.01	0.01	0.01	0.01	0.01

Climb Global Solutions LT-Debt-to-Total-Asset Calculation

Climb Global Solutions'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 )
	=	1.496	/	307.285
	=	0.00

Climb Global Solutions'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 )
	=	1.274	/	274.456
	=	0.00

Climb Global Solutions (STU:PYA) 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.

Climb Global Solutions LT-Debt-to-Total-Asset Related Terms

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Climb Global Solutions (STU:PYA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Climb Global Solutions Inc (STU:PYA) » Definitions » LT-Debt-to-Total-Asset

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CLMB:USA

Address

4 Industrial Way West, Suite 300, Eatontown, NJ, USA, 07724

Website

https://www.waysidetechnology.com

Climb Global Solutions Inc is a cloud-based, value-added IT distribution and solutions company specializing in emerging technologies. It operates across the USA, Canada, and Europe through multiple business units, including Climb Channel Solutions, Sigma, Grey Matter, Interwork, and TechXtend. The Company is organized into two reportable operating segments. The Distribution segment distributes technical software to corporate resellers, value added resellers (VARs), consultants and systems integrators under the name Climb Channel Solutions. The Solutions segment is a cloud solutions provider and value-added reseller of software, hardware and services to customers under the names Grey Matter.

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