Spectra Systems (LSE:SPSY) Debt-to-Asset : 0.18 (As of Jun. 2024)

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What is Spectra Systems Debt-to-Asset?

Spectra Systems's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was £0.45 Mil. Spectra Systems's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was £8.15 Mil. Spectra Systems's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2024 was £48.24 Mil. Spectra Systems's debt to asset for the quarter that ended in Jun. 2024 was 0.18.

Spectra Systems Debt-to-Asset Historical Data

The historical data trend for Spectra Systems'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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Spectra Systems Debt-to-Asset Chart

Spectra Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.04

0.03

0.21

Spectra Systems Semi-Annual Data
	Dec14	Jun15	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															0.03	0.03	0.05	0.21	0.18

Competitive Comparison of Spectra Systems's Debt-to-Asset

For the Software - Application subindustry, Spectra Systems'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.

Spectra Systems's Debt-to-Asset Distribution in the Software Industry

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

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

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Spectra Systems Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Spectra Systems's Debt-to-Asset for the fiscal year 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
	=	(2.467	+	7.429)	/	47.476
	=	0.21

Spectra Systems'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
	=	(0.447	+	8.152)	/	48.241
	=	0.18

Spectra Systems (LSE:SPSY) 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.

Spectra Systems Debt-to-Asset Related Terms

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Spectra Systems Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Spectra Systems Corp (LSE:SPSY) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

SPSC:UK

Address

40 Westminster Street, 2nd Floor, Providence, RI, USA, 02903

Website

https://www.spsy.com

Spectra Systems Corp manufactures, and markets technology-based products used to authenticate and process banknotes and also offers secure software products for gaming. The company has divided its business into Authentication Systems, Security Printing, and Banknote Cleaning. The company derives maximum revenue from Authentication Systems that involve the hardware, software, and materials related to the authentication of banknotes, tax stamps, and other high-value goods.

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