Sabien Technology Group (LSE:SNT) LT-Debt-to-Total-Asset : 0.06 (As of Dec. 2023)

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What is Sabien Technology 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. Sabien Technology Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.06.

Sabien Technology Group's long-term debt to total assets ratio declined from Dec. 2022 (0.07) to Dec. 2023 (0.06). It may suggest that Sabien Technology Group is progressively becoming less dependent on debt to grow their business.

Sabien Technology Group LT-Debt-to-Total-Asset Historical Data

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

Sabien Technology Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.18

0.09

0.08

0.06

Sabien Technology 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															0.12	0.08	0.07	0.06	0.06

Sabien Technology Group LT-Debt-to-Total-Asset Calculation

Sabien Technology 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 )
	=	0.072	/	1.212
	=	0.06

Sabien Technology 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 )
	=	0.054	/	0.865
	=	0.06

Sabien Technology Group (LSE:SNT) 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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Sabien Technology Group (LSE:SNT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sabien Technology Group PLC (LSE:SNT) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

71-75 Shelton Street, London, GBR, WC2H 9JQ

Website

https://www.sabien.com

Sabien Technology Group PLC operates in energy efficiency products. It designs, manufactures, and sells commercial boiler and direct-fired hot water heater optimization controls predominantly in the United Kingdom. Its products include M2G boiler load optimization controller to improve the efficiency of each boiler and M1G direct fired hot water heater control technology to reduce energy costs and carbon emissions. Geographically, it derives a majority of its revenue from the United Kingdom.