Prospa Group (ASX:PGL) LT-Debt-to-Total-Asset : 0.00 (As of Dec. 2023)

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What is Prospa 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. Prospa Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.00.

Prospa Group's long-term debt to total assets ratio declined from Dec. 2022 (0.83) to Dec. 2023 (0.00). It may suggest that Prospa Group is progressively becoming less dependent on debt to grow their business.

Prospa Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Prospa 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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Prospa Group LT-Debt-to-Total-Asset Chart

Prospa Group Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

0.63

0.68

0.63

0.76

0.87

Prospa Group Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial						0.70	0.76	0.83	0.87	-

Prospa Group LT-Debt-to-Total-Asset Calculation

Prospa 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 )
	=	779.12	/	898.963
	=	0.87

Prospa 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 )
	=	3.198	/	878.706
	=	0.00

Prospa Group (ASX:PGL) 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.

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Prospa Group (ASX:PGL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Prospa Group Ltd (ASX:PGL) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-16 Yurong Street, Level 1, Sydney, NSW, AUS, 2000

Website

https://www.prospa.com

Prospa Group Ltd is engaged in the design, building and utilizing cloud-based data-rich and API-ended technologies to deliver seamless customer experiences for the small business. It uses third-party software and service providers as the core component of the technology platform. The company's technological innovation includes Customer experience, Credit Decision Engine, Partner Technical Solutions, and Internal Workflow and Automation.

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