Speedy Hire (LSE:SDY) Debt-to-Asset : 0.38 (As of Sep. 2023)

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What is Speedy Hire Debt-to-Asset?

Speedy Hire's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was £20.8 Mil. Speedy Hire's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was £157.2 Mil. Speedy Hire's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2023 was £470.9 Mil. Speedy Hire's debt to asset for the quarter that ended in Sep. 2023 was 0.38.

Speedy Hire Debt-to-Asset Historical Data

The historical data trend for Speedy Hire'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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Speedy Hire Debt-to-Asset Chart

Speedy Hire Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Asset

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0.37

0.36

0.25

0.30

0.38

Speedy Hire Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Asset	Get a 7-Day Free Trial															0.27	0.30	0.33	0.38	0.38

Competitive Comparison of Speedy Hire's Debt-to-Asset

For the Rental & Leasing Services subindustry, Speedy Hire'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.

Speedy Hire's Debt-to-Asset Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Speedy Hire's Debt-to-Asset distribution charts can be found below:

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

Speedy Hire Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Speedy Hire's Debt-to-Asset for the fiscal year that ended in Mar. 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
	=	(23.4	+	156.2)	/	476.4
	=	0.38

Speedy Hire's Debt-to-Asset for the quarter that ended in Sep. 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
	=	(20.8	+	157.2)	/	470.9
	=	0.38

Speedy Hire (LSE:SDY) 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.

Speedy Hire Debt-to-Asset Related Terms

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Speedy Hire (LSE:SDY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Speedy Hire PLC (LSE:SDY) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

SDYl:UK SDY.GB:UK 5HN:Germany

Address

Chase House, 16 The Parks, Newton-le-Willows, Merseyside, GBR, WA12 0JQ

Website

https://www.speedyservices.com

Speedy Hire PLC is a UK-based company engaged in the provision of equipment for hire and sale and associated services to construction, infrastructure, industry, and related industries. It delivers asset management with tailored services and a continued commitment to relationship management. It generates revenue from Hire and related activities followed by services provided. The company's geographical segments are the United Kingdom and Ireland, of which the majority of its revenue comes from the United Kingdom.