Sovereign Cloud Holdings (ASX:SOV) LT-Debt-to-Total-Asset : 0.14 (As of Dec. 2023)

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What is Sovereign Cloud Holdings 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. Sovereign Cloud Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.14.

Sovereign Cloud Holdings's long-term debt to total assets ratio increased from Dec. 2022 (0.11) to Dec. 2023 (0.14). It may suggest that Sovereign Cloud Holdings is progressively becoming more dependent on debt to grow their business.

Sovereign Cloud Holdings LT-Debt-to-Total-Asset Historical Data

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

Sovereign Cloud Holdings Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

0.12

0.14

0.05

0.11

Sovereign Cloud Holdings Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.05	0.05	0.11	0.11	0.14

Sovereign Cloud Holdings LT-Debt-to-Total-Asset Calculation

Sovereign Cloud Holdings'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 )
	=	3.649	/	33.943
	=	0.11

Sovereign Cloud Holdings'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 )
	=	2.95	/	21.933
	=	0.13

Sovereign Cloud Holdings (ASX:SOV) 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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Sovereign Cloud Holdings (ASX:SOV) Business Description

Industry

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