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BlueBet Holdings (ASX:BBT) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2023)


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What is BlueBet Holdings 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. BlueBet Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.01.

BlueBet Holdings's long-term debt to total assets ratio declined from Dec. 2022 (0.01) to Dec. 2023 (0.01). It may suggest that BlueBet Holdings is progressively becoming less dependent on debt to grow their business.


BlueBet Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for BlueBet Holdings'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.

BlueBet Holdings LT-Debt-to-Total-Asset Chart

BlueBet Holdings Annual Data
Trend Jun22 Jun23
LT-Debt-to-Total-Asset
0.01 0.01

BlueBet Holdings Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23
LT-Debt-to-Total-Asset Get a 7-Day Free Trial 0.02 0.01 0.01 0.01 0.01

BlueBet Holdings LT-Debt-to-Total-Asset Calculation

BlueBet Holdings'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 )
=0.565/55.092
=0.01

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

LT Debt to Total Assets (Q: Dec. 2023 )=Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )/Total Assets (Q: Dec. 2023 )
=0.333/42.955
=0.01

* 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.


BlueBet Holdings  (ASX:BBT) 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.


BlueBet Holdings LT-Debt-to-Total-Asset Related Terms

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BlueBet Holdings (ASX:BBT) Business Description

Traded in Other Exchanges
N/A
Address
8 Spring Street, Level 9, Sydney, NSW, AUS, 2000
BlueBet Holdings Ltd is engaged in providing sports and race betting services in Australia. Its main product line includes sports, horse racing, greyhound racing, harness racing, and on-track bets. The company generates its income from wagering revenue.

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