DoubleDown Interactive Co (FRA:DDI) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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What is DoubleDown Interactive Co 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. DoubleDown Interactive Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.01.

DoubleDown Interactive Co's long-term debt to total assets ratio declined from Mar. 2023 (0.05) to Mar. 2024 (0.01). It may suggest that DoubleDown Interactive Co is progressively becoming less dependent on debt to grow their business.

DoubleDown Interactive Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for DoubleDown Interactive Co'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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DoubleDown Interactive Co LT-Debt-to-Total-Asset Chart

DoubleDown Interactive Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.43

0.07

0.05

0.01

DoubleDown Interactive Co 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															0.05	-	-	0.01	0.01

DoubleDown Interactive Co LT-Debt-to-Total-Asset Calculation

DoubleDown Interactive Co'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 )
	=	4.053	/	736.666
	=	0.01

DoubleDown Interactive Co'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 )
	=	3.657	/	764.502
	=	0.00

DoubleDown Interactive Co (FRA:DDI) 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.

DoubleDown Interactive Co LT-Debt-to-Total-Asset Related Terms

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DoubleDown Interactive Co (FRA:DDI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » DoubleDown Interactive Co Ltd (FRA:DDI) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

DDI:USA DDI:Germany

Address

152, Teheran-ro Gangnam-gu, Gangnam Finance Center, 13th Floor, Seoul, KOR, 06236

Website

https://www.doubledowninteractive.com

DoubleDown Interactive Co Ltd is a developer and publisher of digital games on mobile and web-based platforms. The company is the creator of multi-format interactive entertainment experiences for casual players. Its market opportunity includes casual gaming globally, which includes slots, puzzles, cards, match three, and other similar games. Within the social casino segment of casual gaming, which includes free-to-play online slots, poker, table games, and bingo. Other games developed by the company are DoubleDown Fort, DoubleDown Classic, and Ellen's Road to Riches. The company has a presence in the international market, and it derives a majority of its revenue from the United States of America.