Avacta Group (LSE:AVCT) Debt-to-Asset : 0.32 (As of Dec. 2023)

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What is Avacta Group Debt-to-Asset?

Avacta Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £17.56 Mil. Avacta Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £5.95 Mil. Avacta Group's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was £73.19 Mil. Avacta Group's debt to asset for the quarter that ended in Dec. 2023 was 0.32.

Avacta Group Debt-to-Asset Historical Data

The historical data trend for Avacta 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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Avacta Group Debt-to-Asset Chart

Avacta Group Annual Data

Trend

Jul13

Jul14

Jul15

Jul16

Jul17

Jul18

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.03

0.04

0.26

0.32

Avacta Group Semi-Annual Data
	Jul13	Jan14	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial															0.04	0.11	0.26	0.26	0.32

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

For the Biotechnology subindustry, Avacta 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.

Avacta Group's Debt-to-Asset Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Avacta Group's Debt-to-Asset distribution charts can be found below:

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

Avacta Group Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Avacta Group's Debt-to-Asset for the fiscal year 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
	=	(17.559	+	5.954)	/	73.191
	=	0.32

Avacta Group'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
	=	(17.559	+	5.954)	/	73.191
	=	0.32

Avacta Group (LSE:AVCT) 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.

Avacta Group Debt-to-Asset Related Terms

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Avacta Group (LSE:AVCT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Avacta Group PLC (LSE:AVCT) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

AVCTF:USA RTQ1:Germany

Address

Unit 20, Ash Way, Thorp Arch Estate, West Yorkshire, Wetherby, GBR, LS23 7FA

Website

https://www.avacta.com

Avacta Group PLC is a United Kingdom-based biotechnology company. The company offers its products through three segments that are Diagnostics, Therapeutics, and Animal Health. The company is developing novel cancer immunotherapies combining its two proprietary platforms Affimer biotherapeutics and precision tumor-targeted chemotherapy. The company operates in the United Kingdom, France, South Korea, Rest of Europe, Asia, and North America.

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