Dye & Durham (TSX:DND) LT-Debt-to-Total-Asset : 0.63 (As of Mar. 2024)

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What is Dye & Durham 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. Dye & Durham's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.63.

Dye & Durham's long-term debt to total assets ratio increased from Mar. 2023 (0.58) to Mar. 2024 (0.63). It may suggest that Dye & Durham is progressively becoming more dependent on debt to grow their business.

Dye & Durham LT-Debt-to-Total-Asset Historical Data

The historical data trend for Dye & Durham'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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Dye & Durham LT-Debt-to-Total-Asset Chart

Dye & Durham Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.80

1.12

0.37

0.51

0.63

Dye & Durham 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															0.58	0.63	0.63	0.65	0.63

Dye & Durham LT-Debt-to-Total-Asset Calculation

Dye & Durham's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	1339.098	/	2124.28
	=	0.63

Dye & Durham'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 )
	=	1343.205	/	2117.076
	=	0.63

Dye & Durham (TSX:DND) 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.

Dye & Durham LT-Debt-to-Total-Asset Related Terms

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Dye & Durham (TSX:DND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Dye & Durham Ltd (TSX:DND) » Definitions » LT-Debt-to-Total-Asset

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DYNDF:USA

Address

25 York Street, Suite 1100, Toronto, ON, CAN, M5J 2V5

Website

https://www.dyedurham.com

Dye & Durham Ltd is engaged in providing cloud-based software and technology solutions designed to improve efficiency and increase productivity for legal and business professionals. The company has business operations in Canada, Australia and the United Kingdom. The customers include law firms, financial service institutions, and government organizations.

Executives

Plantro Ltd.

10% Security Holder

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