Boom Logistics (ASX:BOL) Debt-to-Asset : 0.32 (As of Dec. 2023)

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What is Boom Logistics Debt-to-Asset?

Boom Logistics's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$36.4 Mil. Boom Logistics's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$32.0 Mil. Boom Logistics's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was A$216.2 Mil. Boom Logistics's debt to asset for the quarter that ended in Dec. 2023 was 0.32.

Boom Logistics Debt-to-Asset Historical Data

The historical data trend for Boom Logistics's Debt-to-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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Boom Logistics Debt-to-Asset Chart

Boom Logistics Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Asset

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0.19

0.22

0.25

0.31

Boom Logistics 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-Asset	Get a 7-Day Free Trial															0.23	0.25	0.29	0.31	0.32

Competitive Comparison of Boom Logistics's Debt-to-Asset

For the Specialty Business Services subindustry, Boom Logistics's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.

Boom Logistics's Debt-to-Asset Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Boom Logistics's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Boom Logistics's Debt-to-Asset falls into.

Boom Logistics Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Boom Logistics's Debt-to-Asset for the fiscal year that ended in Jun. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(43.624	+	19.989)	/	207.285
	=	0.31

Boom Logistics's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(36.392	+	31.963)	/	216.152
	=	0.32

Boom Logistics (ASX:BOL) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Boom Logistics Debt-to-Asset Related Terms

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Boom Logistics (ASX:BOL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Boom Logistics Ltd (ASX:BOL) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

GJY:Germany

Address

55 Southbank Boulevard, Suite B Level 1, Southbank, Melbourne, VIC, AUS, 3006

Website

https://www.boomlogistics.com.au

Boom Logistics Ltd is a national industrial services group that provides total lifting solutions, short-term or long-term crane hire, right across Australia. The company has two operating segments, namely, "Lifting Solutions", which provides all lifting activities including the provision of cranes, travel towers, access equipment, and all associated services; and "Labour Hire", which includes the provision of skilled labour with a wide range of trades, such as, electricians, boilermakers, mechanics, plus the traditional crane and travel tower operators, riggers, truck drivers. The company earns majority revenue from the Lifting Solutions segment.

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