Similarweb (STU:63X) LT-Debt-to-Total-Asset : 0.16 (As of Mar. 2024)

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

Similarweb's long-term debt to total assets ratio declined from Mar. 2023 (0.16) to Mar. 2024 (0.16). It may suggest that Similarweb is progressively becoming less dependent on debt to grow their business.

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

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

Similarweb Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.16

0.15

Similarweb Quarterly Data
	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													0.16	0.16	0.16	0.15	0.16

Similarweb LT-Debt-to-Total-Asset Calculation

Similarweb'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 )
	=	32.397	/	219.175
	=	0.15

Similarweb'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 )
	=	31.797	/	201.888
	=	0.16

Similarweb (STU:63X) 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.

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

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Similarweb (STU:63X) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Similarweb Ltd (STU:63X) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

SMWB:USA

Address

33 Yitzhak Rabin Road, Givatayim, ISR, 5348303

Website

https://www.similarweb.com

Similarweb Ltd provides a platform for digital intelligence, delivering a trusted, comprehensive, and detailed view of the digital world that empowers customers to accelerate their growth and become more competitive in the markets. Its proprietary technology analyzes billions of digital interactions and transactions every day from millions of websites and apps and turns these digital signals into actionable insights. The company generates revenues mainly from SaaS subscriptions, which comprise subscription fees from customers utilizing cloud-based digital intelligence solutions and other subscription-based solutions. Geographically, the majority is derived from the United States.

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