Newegg Commerce (Newegg Commerce) LT-Debt-to-Total-Asset : 0.14 (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Newegg Commerce 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. Newegg Commerce's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.14.

Newegg Commerce's long-term debt to total assets ratio declined from Sep. 2022 (0.16) to Dec. 2023 (0.14). It may suggest that Newegg Commerce is progressively becoming less dependent on debt to grow their business.

Newegg Commerce LT-Debt-to-Total-Asset Historical Data

The historical data trend for Newegg Commerce'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.

* Premium members only.

Newegg Commerce LT-Debt-to-Total-Asset Chart

Newegg Commerce Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.07

0.14

Newegg Commerce Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Jun21	Sep21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial								0.16	0.14	0.17	0.17	0.14

Newegg Commerce LT-Debt-to-Total-Asset Calculation

Newegg Commerce'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 )
	=	69.236	/	499.047
	=	0.14

Newegg Commerce's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	69.236	/	499.047
	=	0.14

Newegg Commerce (NAS:NEGG) 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.

Newegg Commerce LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Newegg Commerce's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Newegg Commerce (Newegg Commerce) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Newegg Commerce Inc (NAS:NEGG) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

J8D1:Germany J8D:Germany

Address

17560 Rowland Street, City of Industry, CA, USA, 91748

Website

https://www.newegg.com

Newegg Commerce Inc is an e-commerce company offering direct sales and an online marketplace platform for IT computer components, consumer electronics, entertainment, smart home and gaming products and provides certain third-party logistics services globally.