TrueCar (TrueCar) LT-Debt-to-Total-Asset : 0.05 (As of Mar. 2024)

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What is TrueCar 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. TrueCar's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.05.

TrueCar's long-term debt to total assets ratio declined from Mar. 2023 (0.08) to Mar. 2024 (0.05). It may suggest that TrueCar is progressively becoming less dependent on debt to grow their business.

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

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

TrueCar Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.09

0.07

0.06

TrueCar 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															0.08	0.07	0.07	0.06	0.05

TrueCar LT-Debt-to-Total-Asset Calculation

TrueCar'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 )
	=	11.169	/	204.32
	=	0.05

TrueCar'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 )
	=	10.368	/	193.529
	=	0.05

TrueCar (NAS:TRUE) 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.

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

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TrueCar (TrueCar) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » TrueCar Inc (NAS:TRUE) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

5TC:Germany

Address

1401 Ocean Avenue, Suite 200, Santa Monica, CA, USA, 90401

Website

https://www.truecar.com

TrueCar Inc is a data-driven online platform operating on common technology infrastructure, powered by proprietary data and analytics. It also customizes and operates its platform for affinity group marketing partners, including financial institutions like PenFed and American Express; membership-based organizations like Consumer Reports, AARP, Sam's Club, and AAA; and employee buying programs for large enterprises such as IBM and Walmart. The company enables users to obtain market-based pricing data on new and used cars, and to connect with its network of TrueCar Certified Dealers.

Executives

Oliver Foley	officer: Chief Financial Officer	1401 OCEAN AVE, SUITE 200, SANTA MONICA CA 90401
Jay Ku	officer: Chief Revenue Officer	1401 OCEAN AVE, SUITE 200, SANTA MONICA CA 90401
John W Mendel	director	C/O TRUECAR, INC., 120 BROADWAY, SUITE 200, SANTA MONICA CA 90401
Brendan L Harrington	director	1401 OCEAN AVE, SUITE 200, SANTA MONICA CA 90401
Teresa Luong	officer: Chief Financial Officer	1401 OCEAN AVE, SUITE 200, SANTA MONICA CA 90401
Christopher W Claus	director	TRUECAR, INC., 120 BROADWAY, SUITE 200, SANTA MONICA CA 90401
Robert Buce	director	TRUECAR, INC., 120 BROADWAY, SUITE 200, SANTA MONICA CA 90401
Faye Iosotaluno	director	120 BROADWAY, SUITE 200, SANTA MONICA CA 90401
Michael Darrow	officer: EVP, OEM Development	C/O TRUECAR, INC., SUITE 200, SANTA MONICA CA 90401
Jeff Swart	officer: SVP & General Counsel	C/O TRUECAR, INC. 120 BROADWAY, SUITE 200, SANTA MONICA CA 90401
Charles C. Thomas	officer: VP, Controller, PFO, PAO	120 BROADWAY, SUITE 200, SANTA MONICA CA 90401
Simon Edward Smith	officer: EVP, Dealer Sales & Services	120 BROADWAY, SUITE 200, SANTA MONICA CA 90401
Jantoon Reigersman	officer: Chief Financial Officer	1655 26TH STREET, SANTA MONICA CA 90404
Kristin Slanina	officer: Chief Operating Officer	120 BROADWAY, SUITE 200, SANTA MONICA CA 90401
Barbara Carbone	director	120 BROADWAY, SUITE 200, SANTA MONICA CA 90401