Intercontinental Exchange (LTS:0JC3) LT-Debt-to-Total-Asset : 0.16 (As of Mar. 2024)

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What is Intercontinental Exchange 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. Intercontinental Exchange's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.16.

Intercontinental Exchange's long-term debt to total assets ratio increased from Mar. 2023 (0.12) to Mar. 2024 (0.16). It may suggest that Intercontinental Exchange is progressively becoming more dependent on debt to grow their business.

Intercontinental Exchange LT-Debt-to-Total-Asset Historical Data

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

Intercontinental Exchange Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.06

0.11

0.07

0.10

0.15

Intercontinental Exchange 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															0.12	0.14	0.16	0.15	0.16

Intercontinental Exchange LT-Debt-to-Total-Asset Calculation

Intercontinental Exchange'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 )
	=	20958	/	136084
	=	0.15

Intercontinental Exchange'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 )
	=	20393	/	131397
	=	0.16

Intercontinental Exchange (LTS:0JC3) 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.

Intercontinental Exchange LT-Debt-to-Total-Asset Related Terms

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Intercontinental Exchange (LTS:0JC3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Intercontinental Exchange Inc (LTS:0JC3) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

ICE:USA ICE:Mexico IC2:Germany

Address

5660 New Northside Drive, Atlanta, GA, USA, 30328

Website

https://www.theice.com

Intercontinental Exchange is a vertically integrated operator of financial exchanges and provides ancillary data products. Though the company is probably best known for its ownership of the New York Stock Exchange, which it acquired in 2013, ICE operates a large derivatives exchange, too. The company's largest commodity futures product is the ICE Brent crude futures contract. In addition to the exchanges business, which is about 56% of net revenue, Intercontinental Exchange has used a series of acquisitions to create its mortgage technology business (15% of net revenue) and fixed-income and data services segment (29% of net revenue).

Intercontinental Exchange (LTS:0JC3) Headlines

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