MongoDB (BSP:M1DB34) LT-Debt-to-Total-Asset : 0.41 (As of Jan. 2024)

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What is MongoDB 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. MongoDB's long-term debt to total assests ratio for the quarter that ended in Jan. 2024 was 0.41.

MongoDB's long-term debt to total assets ratio declined from Jan. 2023 (0.45) to Jan. 2024 (0.41). It may suggest that MongoDB is progressively becoming less dependent on debt to grow their business.

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

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

MongoDB Annual Data

Trend

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

LT-Debt-to-Total-Asset

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0.69

0.48

0.45

0.41

MongoDB Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.45	0.46	0.45	0.44	0.41

MongoDB LT-Debt-to-Total-Asset Calculation

MongoDB's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jan. 2024 is calculated as

LT Debt to Total Assets (A: Jan. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jan. 2024 )	/	Total Assets (A: Jan. 2024 )
	=	5774.906	/	14113.473
	=	0.41

MongoDB's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jan. 2024 is calculated as

LT Debt to Total Assets (Q: Jan. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jan. 2024 )	/	Total Assets (Q: Jan. 2024 )
	=	5774.906	/	14113.473
	=	0.41

MongoDB (BSP:M1DB34) 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.

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

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MongoDB (BSP:M1DB34) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » MongoDB Inc (BSP:M1DB34) » Definitions » LT-Debt-to-Total-Asset

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Website

https://www.mongodb.com

Founded in 2007, MongoDB is a document-oriented database with nearly 33,000 paying customers and well past 1.5 million free users. MongoDB provides both licenses as well as subscriptions as a service for its NoSQL database. MongoDB's database is compatible with all major programming languages and is capable of being deployed for a variety of use cases.

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