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Fitell (Fitell) Debt-to-Asset : 0.06 (As of Dec. 2023)


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What is Fitell Debt-to-Asset?

Fitell's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.29 Mil. Fitell's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.43 Mil. Fitell's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was $12.47 Mil. Fitell's debt to asset for the quarter that ended in Dec. 2023 was 0.06.

Fitell Debt-to-Asset Historical Data

The historical data trend for Fitell'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.

* Premium members only.

Fitell Debt-to-Asset Chart

Fitell Annual Data
Trend Jun21 Jun22 Jun23
Debt-to-Asset
0.19 0.17 0.08

Fitell Semi-Annual Data
Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Debt-to-Asset Get a 7-Day Free Trial - 0.17 0.11 0.08 0.06

Competitive Comparison of Fitell's Debt-to-Asset

For the Specialty Retail subindustry, Fitell'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.

Fitell's Debt-to-Asset Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Fitell's Debt-to-Asset distribution charts can be found below:

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


Fitell Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Fitell'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
=(0.212 + 0.473) / 9.038
=0.08

Fitell'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
=(0.289 + 0.427) / 12.469
=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.

Fitell  (NAS:FTEL) 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.

Fitell Debt-to-Asset Related Terms

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Fitell (Fitell) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Fitell Corp (NAS:FTEL) » Definitions » Debt-to-Asset
Comparable Companies
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Traded in Other Exchanges
N/A
Address
23-25 Mangrove Lane, Taren Point, NSW, AUS, 2229
Website
https://www.gymdirect.com.au
Fitell Corp engages in primary operations of selling gym and fitness equipment in Australia through its indirectly held wholly owned subsidiaries. It operates in two segments: online fitness equipment distribution and licensing business to service the large and growing boutique fitness sector of the broader health and fitness club industry. The majority fitness equipment business is conducted in Australia via its own e-commerce platform and, through third-party sites. Licensing service offers a turnkey solution for personal training studios and commercial gym chains.