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Lesaka Technologies Inc
NASDAQ LSAK
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Lesaka Technologies Inc Asset Coverage Ratio 1 year YoY Change (%) for the Trailing 12 Months (TTM) ending March 31, 2024: 23.56%
Lesaka Technologies Inc Asset Coverage Ratio 1 year YoY Change (%) is 23.56% for the Trailing 12 Months (TTM) ending March 31, 2024. The asset coverage ratio assesses the extent to which a company's tangible assets can cover its total debt obligations. It is calculated by dividing the difference between total assets and intangible assets by total debt. This ratio provides an indication of a company's ability to repay its debt using its tangible assets. A higher asset coverage ratio suggests a lower financial risk, as the company has a greater cushion of tangible assets to support its debt obligations. The measure "Change (%)" refers to the percentage change in the value of a financial metric between two time points. This measure provides a relative perspective on the magnitude of change.
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Lesaka Technologies Inc Asset Coverage Ratio for the Trailing 12 Months (TTM) ending March 31, 2023 was 2.37.
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NASDAQ: LSAK
| CEO | Mr. Christopher Guy-Butt Meyer |
| IPO Date | April 19, 1999 |
| Location | South Africa |
| Headquarters | President Place, Johannesburg, South Africa, 2196 |
| Employees | 2,303 |
| Sector | Technology |
| Industry | Software - infrastructure |
Description
Lesaka Technologies, Inc. operates as a Fintech company that utilizes its proprietary banking and payment technologies to deliver financial services solutions to merchants (B2B) and consumers (B2C) in Southern Africa. It offers cash management solutions, growth capital, card acquiring, bill payment technologies, and value-added services to formal and informal retail merchants, as well as banking, lending, and insurance solutions to consumers across Southern Africa. The company also engages in the sale of POS devices, SIM cards, and other consumables; and license of rights to use certain technology developed by the company, as well as offers related technology services. The company was formerly known as Net 1 UEPS Technologies, Inc. and changed its name to Lesaka Technologies, Inc. in May 2022. Lesaka Technologies, Inc. was incorporated in 1997 and is headquartered in Johannesburg, South Africa.
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StockViz Staff
September 19, 2024
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