SP New Energy (PHS:SPNEC) Debt-to-Asset : 0.07 (As of Mar. 2024)

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What is SP New Energy Debt-to-Asset?

SP New Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₱366.8 Mil. SP New Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₱3,047.5 Mil. SP New Energy's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was ₱51,301.2 Mil. SP New Energy's debt to asset for the quarter that ended in Mar. 2024 was 0.07.

SP New Energy Debt-to-Asset Historical Data

The historical data trend for SP New Energy'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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SP New Energy Debt-to-Asset Chart

SP New Energy Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Jun22

Dec23

Debt-to-Asset

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1.02

0.71

0.07

SP New Energy Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial									0.05	0.05	0.16	0.07	0.07

Competitive Comparison of SP New Energy's Debt-to-Asset

For the Utilities - Renewable subindustry, SP New Energy'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.

SP New Energy's Debt-to-Asset Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, SP New Energy's Debt-to-Asset distribution charts can be found below:

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

SP New Energy Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

SP New Energy'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
	=	(375.811	+	3110.805)	/	51182.814
	=	0.07

SP New Energy's Debt-to-Asset for the quarter that ended in Mar. 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
	=	(366.816	+	3047.484)	/	51301.233
	=	0.07

SP New Energy (PHS:SPNEC) 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.

SP New Energy Debt-to-Asset Related Terms

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SP New Energy (PHS:SPNEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » SP New Energy Corp (PHS:SPNEC) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

112 Legaspi Street, Legaspi Village, Brgy. San Lorenzo, Makati, PHL, 1229

Website

https://www.spnec.ph

SP New Energy Corp is a renewable energy power generation company. The primary purpose is to construct, erect, assemble, commission, operate, and maintain power-generating plants, warehouses, terminals, and related facilities for the conversion of renewable energy into a usable form fit for electricity generation and distribution.

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