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Plenti Group (ASX:PLT) Debt-to-Asset : 0.97 (As of Mar. 2024)


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What is Plenti Group Debt-to-Asset?

Plenti Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was A$0.0 Mil. Plenti Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was A$2,187.6 Mil. Plenti Group's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was A$2,258.6 Mil. Plenti Group's debt to asset for the quarter that ended in Mar. 2024 was 0.97.

Plenti Group Debt-to-Asset Historical Data

The historical data trend for Plenti Group's Debt-to-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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Plenti Group Debt-to-Asset Chart

Plenti Group Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24
Debt-to-Asset
0.86 0.91 0.95 0.96 0.97

Plenti Group Semi-Annual Data
Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24
Debt-to-Asset Get a 7-Day Free Trial 0.95 0.94 0.96 0.96 0.97

Competitive Comparison of Plenti Group's Debt-to-Asset

For the Credit Services subindustry, Plenti Group's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Plenti Group's Debt-to-Asset Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Plenti Group's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Plenti Group's Debt-to-Asset falls into.


Plenti Group Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Plenti Group's Debt-to-Asset for the fiscal year that ended in Mar. 2024 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(0 + 2187.641) / 2258.602
=0.97

Plenti Group's Debt-to-Asset for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(0 + 2187.641) / 2258.602
=0.97

* 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.

Plenti Group  (ASX:PLT) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Plenti Group Debt-to-Asset Related Terms

Thank you for viewing the detailed overview of Plenti Group's Debt-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Plenti Group (ASX:PLT) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Plenti Group Ltd (ASX:PLT) » Definitions » Debt-to-Asset
Comparable Companies
ASX:EPY ASX:HMY ASX:PGL ASX:MME ASX:TGA ASX:WZR ASX:PNC ASX:BTN ASX:FSA ASX:HUM V MA AXP PYPL BOM:500034 COF TSE:8591 DFS XPAR:EDEN NSE:CHOLAFIN
Traded in Other Exchanges
N/A
Address
14 Martin Place, Level 5, Sydney, NSW, AUS, 2000
Website
https://www.plenti.com.au
Plenti Group Ltd is a technology-led consumer lending and investment company. The company offers loan products under three verticals namely, Automotive lending provides finance to personal and commercial customers for the purchase of new or used motor vehicles; Renewable energy lending provides finance to Australian households for the purchase and installation of renewable energy products such as solar panels and batteries; and Personal lending provides fixed-term, unsecured, interest-bearing loans used for purposes such as debt consolidation, home improvement, travel expenses, major events, medical expenses, and other purposes.

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