Resideo Technologies (FRA:3RT) LT-Debt-to-Total-Asset : 0.21 (As of Mar. 2024)

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What is Resideo Technologies 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. Resideo Technologies's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.21.

Resideo Technologies's long-term debt to total assets ratio declined from Mar. 2023 (0.22) to Mar. 2024 (0.21). It may suggest that Resideo Technologies is progressively becoming less dependent on debt to grow their business.

Resideo Technologies LT-Debt-to-Total-Asset Historical Data

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

Resideo Technologies Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.23

0.21

0.22

0.21

Resideo Technologies Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	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															0.22	0.21	0.22	0.21	0.21

Resideo Technologies LT-Debt-to-Total-Asset Calculation

Resideo Technologies'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 )
	=	1280.132	/	6093.465
	=	0.21

Resideo Technologies'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 )
	=	1282.48	/	5998.4
	=	0.21

Resideo Technologies (FRA:3RT) 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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Resideo Technologies (FRA:3RT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Resideo Technologies Inc (FRA:3RT) » Definitions » LT-Debt-to-Total-Asset

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REZI:USA

Address

16100 North 71st Street, Suite 550, Scottsdale, AZ, USA, 85254

Website

https://www.resideo.com

Resideo Technologies Inc is a manufacturer and developer of technology-driven products and components that provide critical comfort, energy management, and safety and security solutions. The company has two reportable segments; Products and Solutions segment offers temperature and humidity control, energy products and solutions, water and air solutions, smoke and carbon monoxide detection home safety products, security panels, sensors, peripherals, wire and cable, communications devices, video cameras, other home-related lifestyle convenience solutions, and ADI Global Distribution segment includes wholesale distributor of low-voltage security products including access control, fire detection, security, and video products. It derives a majority of its revenue from the United States.

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