Cognyte Software (Cognyte Software) LT-Debt-to-Total-Asset : 0.06 (As of Jan. 2024)

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What is Cognyte Software 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. Cognyte Software's long-term debt to total assests ratio for the quarter that ended in Jan. 2024 was 0.06.

Cognyte Software's long-term debt to total assets ratio increased from Jan. 2023 (0.02) to Jan. 2024 (0.06). It may suggest that Cognyte Software is progressively becoming more dependent on debt to grow their business.

Cognyte Software LT-Debt-to-Total-Asset Historical Data

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

Cognyte Software Annual Data

Trend

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

LT-Debt-to-Total-Asset

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0.03

0.04

0.03

0.02

0.06

Cognyte Software Quarterly Data
	Jan19	Jul19	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														0.02	0.02	0.02	0.01	0.06

Cognyte Software LT-Debt-to-Total-Asset Calculation

Cognyte Software'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 )
	=	27.95	/	472.082
	=	0.06

Cognyte Software'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 )
	=	27.95	/	472.082
	=	0.06

Cognyte Software (NAS:CGNT) 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.

Cognyte Software LT-Debt-to-Total-Asset Related Terms

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Cognyte Software (Cognyte Software) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Cognyte Software Ltd (NAS:CGNT) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

81M:Germany 81M:Germany

Address

33 Maskit, Herzliya, Pituach, ISR, 4673333

Website

https://www.cognyte.com

Cognyte Software Ltd provides security analytics software that empowers governments and enterprises with Actionable Intelligence. The company's solutions accelerate security investigations and connect the dots to successfully identify, neutralize, and prevent national security, personal safety, business continuity, and cyber threats.