IDP Education (ASX:IEL) Debt-to-Asset : 0.32 (As of Jun. 2024)

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What is IDP Education Debt-to-Asset?

IDP Education's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was A$24 Mil. IDP Education's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was A$372 Mil. IDP Education's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2024 was A$1,256 Mil. IDP Education's debt to asset for the quarter that ended in Jun. 2024 was 0.31.

IDP Education Debt-to-Asset Historical Data

The historical data trend for IDP Education'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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IDP Education Debt-to-Asset Chart

IDP Education Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Debt-to-Asset

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0.21

0.26

0.27

0.32

IDP Education Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Asset	Get a 7-Day Free Trial													0.26	0.30	0.27	0.31	0.32

Competitive Comparison of IDP Education's Debt-to-Asset

For the Education & Training Services subindustry, IDP Education'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.

IDP Education's Debt-to-Asset Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, IDP Education's Debt-to-Asset distribution charts can be found below:

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

IDP Education Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

IDP Education's Debt-to-Asset for the fiscal year that ended in Jun. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(23.797	+	371.863)	/	1256.326
	=	0.31

IDP Education's Debt-to-Asset for the quarter that ended in Jun. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(23.797	+	371.863)	/	1256.326
	=	0.31

IDP Education (ASX:IEL) 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.

IDP Education Debt-to-Asset Related Terms

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IDP Education Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » IDP Education Ltd (ASX:IEL) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

03F:Germany

Address

697 Collins Street, Level 10, Docklands, VIC, AUS, 3008

Website

https://www.idp.com

IDP Education is a global leader in English language testing and student placement services, constituting 47% and 43% of fiscal 2024 group revenue, respectively. Additionally, IDP operates English language schools, organizes education events and delivers consultancy services to education institutions, which constitutes the remainder of group revenue. Originally established in Australia as an aid body for Southeast Asia, today IDP operates one of the world's most widely accepted English language tests and one of the world's largest student placement services businesses, predominantly connecting prospective migrants from India and China to Australia, Canada, and the United Kingdom.

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