Ncino (FRA:6NCA) LT-Debt-to-Total-Asset : 0.09 (As of Apr. 2024)

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What is Ncino 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. Ncino's long-term debt to total assests ratio for the quarter that ended in Apr. 2024 was 0.09.

Ncino's long-term debt to total assets ratio increased from Apr. 2023 (0.05) to Apr. 2024 (0.09). It may suggest that Ncino is progressively becoming more dependent on debt to grow their business.

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

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

Ncino Annual Data

Trend

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

LT-Debt-to-Total-Asset

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0.03

0.07

0.05

Ncino 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															0.05	0.05	0.05	0.05	0.09

Ncino LT-Debt-to-Total-Asset Calculation

Ncino'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 )
	=	63.437	/	1230.515
	=	0.05

Ncino'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 )
	=	112.491	/	1327.067
	=	0.08

Ncino (FRA:6NCA) 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.

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

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Ncino (FRA:6NCA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ncino Inc (FRA:6NCA) » Definitions » LT-Debt-to-Total-Asset

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NCNO:USA

Address

6770 Parker Farm Drive, Wilmington, NC, USA, 28405

Website

https://www.ncino.com

Ncino Inc is a provider of cloud-based software for financial institutions. Its software solution digitizes, automates, and streamlines inefficient and complex processes & workflow and utilizes data analytics & artificial intelligence that enables financial institutions to more effectively onboard new clients, make loans and manage the entire loan life cycle, open deposit, and other accounts and manage regulatory compliance. It also offers professional services, including configuration & implementation, training, and advisory services. Ncino generates the majority of its revenue from subscription services. The company caters to global financial institutions, enterprise banks, regional banks, community banks, and credit unions. The vast majority of its revenue comes from the United States.

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