Sky Network Television (ASX:SKT) Debt-to-Equity : 0.08 (As of Dec. 2023)

View and export this data going back to 2000. Start your Free Trial

What is Sky Network Television Debt-to-Equity?

Sky Network Television's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$17.9 Mil. Sky Network Television's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$14.0 Mil. Sky Network Television's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$416.0 Mil. Sky Network Television's debt to equity for the quarter that ended in Dec. 2023 was 0.08.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Sky Network Television's Debt-to-Equity or its related term are showing as below:

ASX:SKT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 0.24 Max: 0.76
Current: 0.08

During the past 13 years, the highest Debt-to-Equity Ratio of Sky Network Television was 0.76. The lowest was 0.08. And the median was 0.24.

ASX:SKT's Debt-to-Equity is ranked better than
75.12% of 844 companies
in the Media - Diversified industry
Industry Median: 0.285 vs ASX:SKT: 0.08

Sky Network Television Debt-to-Equity Historical Data

The historical data trend for Sky Network Television's Debt-to-Equity 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.

Sky Network Television Debt-to-Equity Chart

Sky Network Television Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

Get a 7-Day Free Trial

0.55

0.57

0.18

0.15

0.11

Sky Network Television Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.12	0.15	0.13	0.11	0.08

Competitive Comparison of Sky Network Television's Debt-to-Equity

For the Entertainment subindustry, Sky Network Television's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Sky Network Television's Debt-to-Equity Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Sky Network Television's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Sky Network Television's Debt-to-Equity falls into.

Sky Network Television Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sky Network Television's Debt to Equity Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(23.461	+	21.617)	/	401.459
	=	0.11

Sky Network Television's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(17.944	+	13.992)	/	415.966
	=	0.08

Sky Network Television (ASX:SKT) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Sky Network Television Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Sky Network Television's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Sky Network Television (ASX:SKT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Sky Network Television Ltd (ASX:SKT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SYKWF:USA SKT:New Zealand

Address

10 Panorama Road, Mt Wellington, Auckland, NZL, 1060

Website

https://www.sky.co.nz

Sky Network Television is the monopoly satellite pay-TV service provider in New Zealand, and distributes local and overseas content to its customers through a digital satellite network. It generates subscription and content revenue from these customers. This business is augmented by a free-to-air television channel (Prime) and expansion into other distribution channels such as online video on demand and online access to live sports.