Okta (FRA:0OK) LT-Debt-to-Total-Asset : 0.14 (As of Apr. 2024)

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What is Okta 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. Okta's long-term debt to total assests ratio for the quarter that ended in Apr. 2024 was 0.14.

Okta's long-term debt to total assets ratio declined from Apr. 2023 (0.22) to Apr. 2024 (0.14). It may suggest that Okta is progressively becoming less dependent on debt to grow their business.

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

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

Okta Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

LT-Debt-to-Total-Asset

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0.51

0.31

0.22

0.25

0.14

Okta Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.22	0.18	0.16	0.14	0.14

Okta LT-Debt-to-Total-Asset Calculation

Okta'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 )
	=	1162.188	/	8251.902
	=	0.14

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

LT Debt to Total Assets (Q: Apr. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Apr. 2024 )	/	Total Assets (Q: Apr. 2024 )
	=	1177.116	/	8346.06
	=	0.14

Okta (FRA:0OK) 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.

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

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Okta (FRA:0OK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Okta Inc (FRA:0OK) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

OKTA:USA OKTA:Mexico O1KT34:Brazil

Address

100 First Street, Suite 600, San Francisco, CA, USA, 94105

Website

https://www.okta.com

Okta is a cloud-native security company that focuses on identity and access management. The San Francisco-based firm went public in 2017 and focuses on two key client stakeholder groups: workforces and customers. Okta's workforce offerings enable a company's employees to securely access its cloud-based and on-premises resources. The firm's customer offerings allow its clients' customers to securely access the client's applications.

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