Finexia Financial Group (ASX:FNX) LT-Debt-to-Total-Asset : 0.79 (As of Dec. 2023)

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What is Finexia Financial Group LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Finexia Financial Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.79.

Finexia Financial Group's long-term debt to total assets ratio increased from Dec. 2022 (0.48) to Dec. 2023 (0.79). It may suggest that Finexia Financial Group is progressively becoming more dependent on debt to grow their business.

Finexia Financial Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Finexia Financial Group's LT-Debt-to-Total-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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Finexia Financial Group LT-Debt-to-Total-Asset Chart

Finexia Financial Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.19

0.25

0.20

0.48

Finexia Financial Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.20	0.20	0.48	0.48	0.79

Finexia Financial Group LT-Debt-to-Total-Asset Calculation

Finexia Financial Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	37.45	/	77.738
	=	0.48

Finexia Financial Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	76.846	/	97.44
	=	0.79

Finexia Financial Group (ASX:FNX) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Finexia Financial Group LT-Debt-to-Total-Asset Related Terms

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Finexia Financial Group (ASX:FNX) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Finexia Financial Group Ltd (ASX:FNX) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

264 George Street, Level 18, Australia Square Tower Building, Sydney, NSW, AUS, 2000

Website

https://www.finexia.com.au

Finexia Financial Group Ltd is a diversified financial services firm with operations in Australia. It provides a wide range of financial services including corporate advisory funds management and wealth management to retail, wholesale, and corporate clients. The company's operating segments include Stockbroking and Corporate Advisory, Funds and Asset Management, and Private Credit.