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SP New Energy (PHS:SPNEC) LT-Debt-to-Total-Asset : 0.06 (As of Mar. 2024)


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What is SP New Energy 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. SP New Energy's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.06.

SP New Energy's long-term debt to total assets ratio increased from Dec. 2022 (0.05) to Mar. 2024 (0.06). It may suggest that SP New Energy is progressively becoming more dependent on debt to grow their business.


SP New Energy LT-Debt-to-Total-Asset Historical Data

The historical data trend for SP New Energy'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.

* Premium members only.

SP New Energy LT-Debt-to-Total-Asset Chart

SP New Energy Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Jun22 Dec23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial - 0.93 0.65 - 0.06

SP New Energy Quarterly Data
Dec17 Dec18 Dec19 Jun20 Dec20 Jun21 Mar22 Jun22 Sep22 Dec22 Mar23 Sep23 Dec23 Mar24
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.05 0.05 0.14 0.06 0.06

SP New Energy LT-Debt-to-Total-Asset Calculation

SP New Energy's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )=Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )/Total Assets (A: Dec. 2023 )
=3110.805/51182.814
=0.06

SP New Energy's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )=Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )/Total Assets (Q: Mar. 2024 )
=3047.484/51301.233
=0.06

* 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.


SP New Energy  (PHS:SPNEC) 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.


SP New Energy LT-Debt-to-Total-Asset Related Terms

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SP New Energy (PHS:SPNEC) Business Description

Traded in Other Exchanges
N/A
Address
112 Legaspi Street, Legaspi Village, Brgy. San Lorenzo, Makati, PHL, 1229
SP New Energy Corp is a renewable energy power generation company. The primary purpose is to construct, erect, assemble, commission, operate, and maintain power-generating plants, warehouses, terminals, and related facilities for the conversion of renewable energy into a usable form fit for electricity generation and distribution.

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