Plaid (PLDIF) LT-Debt-to-Total-Asset : 0.14 (As of Mar. 2024)

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What is Plaid 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. Plaid's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.14.

Plaid's long-term debt to total assets ratio increased from Mar. 2023 (0.13) to Mar. 2024 (0.14). It may suggest that Plaid is progressively becoming more dependent on debt to grow their business.

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

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

Plaid Annual Data

Trend

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

LT-Debt-to-Total-Asset

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0.18

0.12

0.06

0.16

Plaid Quarterly Data
	Sep18	Sep19	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													0.13	0.12	0.16	0.15	0.14

Plaid LT-Debt-to-Total-Asset Calculation

Plaid's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (A: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2023 )	/	Total Assets (A: Sep. 2023 )
	=	6.7	/	42.067
	=	0.16

Plaid'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 )
	=	6.411	/	44.638
	=	0.14

Plaid (OTCPK:PLDIF) 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.

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

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Plaid (PLDIF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Plaid Inc (OTCPK:PLDIF) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

4165:Japan

Address

6-10-1 Ginza, Ginza Six 10th Floor, FChuo-ku, Tokyo, JPN, 104-0061

Website

https://plaid.co.jp

Plaid Inc is engaged in providing cloud-based customer experience platform KARTE. It provides data analytics, development and operation of platform, media shopping tribe and other services.

Plaid (PLDIF) Headlines

From GuruFocus

Q1 2024 Plaid Inc Earnings Presentation Transcript

By GuruFocus Research • 02-14-2024