Sovereign Cloud Holdings (ASX:SOV) Debt-to-Asset : 0.19 (As of Dec. 2023)

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What is Sovereign Cloud Holdings Debt-to-Asset?

Sovereign Cloud Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$1.31 Mil. Sovereign Cloud Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$2.95 Mil. Sovereign Cloud Holdings's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was A$21.93 Mil. Sovereign Cloud Holdings's debt to asset for the quarter that ended in Dec. 2023 was 0.19.

Sovereign Cloud Holdings Debt-to-Asset Historical Data

The historical data trend for Sovereign Cloud Holdings'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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Sovereign Cloud Holdings Debt-to-Asset Chart

Sovereign Cloud Holdings Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Debt-to-Asset

0.20

0.26

0.10

0.16

Sovereign Cloud Holdings Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial			0.09	0.10	0.17	0.16	0.19

Competitive Comparison of Sovereign Cloud Holdings's Debt-to-Asset

For the Software - Infrastructure subindustry, Sovereign Cloud Holdings'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.

Sovereign Cloud Holdings's Debt-to-Asset Distribution in the Software Industry

For the Software industry and Technology sector, Sovereign Cloud Holdings's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Sovereign Cloud Holdings's Debt-to-Asset falls into.

Sovereign Cloud Holdings Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Sovereign Cloud Holdings's Debt-to-Asset for the fiscal year that ended in Jun. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(1.601	+	3.649)	/	33.943
	=	0.15

Sovereign Cloud Holdings's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(1.306	+	2.95)	/	21.933
	=	0.19

Sovereign Cloud Holdings (ASX:SOV) 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.

Sovereign Cloud Holdings Debt-to-Asset Related Terms

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Sovereign Cloud Holdings (ASX:SOV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sovereign Cloud Holdings Ltd (ASX:SOV) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

15-21 Beaconsfield Street, Unit 7, Fyshwick, ACT, AUS, 2609

Website

https://www.australiacloud.com.au

Sovereign Cloud Holdings Ltd provides sovereign cloud services to Australian Governments and critical national industries. It has built a cloud-based platform, which is accredited by Government standards to PROTECTED controls or higher. The platform is available to rent computation cycles and data storage to customers on a pay-as-you-go basis, referred to as Infrastructure as a Service (IaaS).

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