Novatti Group (ASX:NOV) Debt-to-Asset : 0.03 (As of Jun. 2024)

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What is Novatti Group Debt-to-Asset?

Novatti Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was A$1.12 Mil. Novatti Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was A$2.29 Mil. Novatti Group's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2024 was A$123.86 Mil. Novatti Group's debt to asset for the quarter that ended in Jun. 2024 was 0.03.

Novatti Group Debt-to-Asset Historical Data

The historical data trend for Novatti Group'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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Novatti Group Debt-to-Asset Chart

Novatti Group Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Debt-to-Asset

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0.25

0.11

0.02

0.09

0.03

Novatti Group Semi-Annual Data
	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												0.02	0.09	0.09	0.02	0.03

Competitive Comparison of Novatti Group's Debt-to-Asset

For the Software - Infrastructure subindustry, Novatti Group'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.

Novatti Group's Debt-to-Asset Distribution in the Software Industry

For the Software industry and Technology sector, Novatti Group's Debt-to-Asset distribution charts can be found below:

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

Novatti Group Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Novatti Group'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
	=	(1.123	+	2.292)	/	123.857
	=	0.03

Novatti Group'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
	=	(1.123	+	2.292)	/	123.857
	=	0.03

Novatti Group (ASX:NOV) 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.

Novatti Group Debt-to-Asset Related Terms

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Novatti Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Novatti Group Ltd (ASX:NOV) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

461 Bourke Street, Level 3, Melbourne, VIC, AUS, 3000

Website

https://www.novatti.com

Novatti Group Ltd is a software technology company. The company's operating segment includes Payments AU/NZ, Payments International, Technology, and Investments. The Payments AU/NZ segment that derives majority revenue, which incorporates Payments Acquiring, Card Issuing, Cross Border Payments and Novatti Billpa. The company operates in Australia and New Zealand, Malta, Malaysia, Brazil, and United States.