Tapinator (Tapinator) LT-Debt-to-Total-Asset : 0.07 (As of Sep. 2023)

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What is Tapinator 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. Tapinator's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.07.

Tapinator's long-term debt to total assets ratio increased from Mar. 2019 (0.04) to Sep. 2023 (0.07). It may suggest that Tapinator is progressively becoming more dependent on debt to grow their business.

Tapinator LT-Debt-to-Total-Asset Historical Data

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

Tapinator Annual Data

Trend

Oct07

Oct08

Oct09

Oct12

Oct13

Dec14

Dec15

Dec16

Dec17

Dec18

LT-Debt-to-Total-Asset

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0.13

0.14

0.22

Tapinator Quarterly Data
	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Sep22	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.04	0.05	0.04	-	0.07

Tapinator LT-Debt-to-Total-Asset Calculation

Tapinator's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2018 is calculated as

LT Debt to Total Assets (A: Dec. 2018 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2018 )	/	Total Assets (A: Dec. 2018 )
	=	0	/	2.228
	=	0.00

Tapinator's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	0.218	/	3.173
	=	0.07

Tapinator (OTCPK:TAPM) 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.

Tapinator LT-Debt-to-Total-Asset Related Terms

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Tapinator (Tapinator) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Tapinator Inc (OTCPK:TAPM) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1776 Broadway, Suite 2002, New York, NY, USA, 10019

Website

https://www.tapinator.com

Tapinator Inc develops and publishes category- leading apps for mobile platforms, with a focus on social casino games. The company's library includes more than 300 titles. It offers games such as Solitaire Derby, Crypto Trillionaire, Castlebuilder, Combo Quest, and Dice Mage 2 among others. The company generates revenues through the sale of branded advertising and consumer transactions, including in-app purchases and subscriptions.