CCC Intelligent Solutions Holdings (FRA:0B1) LT-Debt-to-Total-Asset : 0.27 (As of Mar. 2024)

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What is CCC Intelligent Solutions 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. CCC Intelligent Solutions Holdings's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.27.

CCC Intelligent Solutions Holdings's long-term debt to total assets ratio increased from Mar. 2023 (0.25) to Mar. 2024 (0.27). It may suggest that CCC Intelligent Solutions Holdings is progressively becoming more dependent on debt to grow their business.

CCC Intelligent Solutions Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for CCC Intelligent Solutions 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.

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CCC Intelligent Solutions Holdings LT-Debt-to-Total-Asset Chart

CCC Intelligent Solutions Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.40

0.26

0.25

0.27

CCC Intelligent Solutions Holdings Quarterly Data
	Dec19	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											0.25	0.25	0.25	0.27	0.27

CCC Intelligent Solutions Holdings LT-Debt-to-Total-Asset Calculation

CCC Intelligent Solutions Holdings'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 )
	=	750.381	/	2797.804
	=	0.27

CCC Intelligent Solutions Holdings'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 )
	=	750.665	/	2781.767
	=	0.27

CCC Intelligent Solutions Holdings (FRA:0B1) 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.

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CCC Intelligent Solutions Holdings (FRA:0B1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » CCC Intelligent Solutions Holdings Inc (FRA:0B1) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

CCCS:USA

Address

167 North Green Street, 9th Floor, Chicago, IL, USA, 60607

Website

https://www.cccis.com

CCC Intelligent Solutions Holdings Inc is a provider of cloud, mobile, AI, telematics, hyperscale technologies and applications for the property and casualty insurance economy. The company's SaaS platform connects trading partners, facilitates commerce, and supports mission-critical, and AI-enabled digital workflows. The company generate revenue through the sale of software subscriptions and other revenue, primarily from professional services. The company has its presence in United States and China. Majority of the revenue is generated from United States.

CCC Intelligent Solutions Holdings (FRA:0B1) Headlines

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