Smartgroup (Smartgroup) Debt-to-Asset : 0.17 (As of Dec. 2023)

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What is Smartgroup Debt-to-Asset?

Smartgroup's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3.9 Mil. Smartgroup's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $44.5 Mil. Smartgroup's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was $279.5 Mil. Smartgroup's debt to asset for the quarter that ended in Dec. 2023 was 0.17.

Smartgroup Debt-to-Asset Historical Data

The historical data trend for Smartgroup'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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Smartgroup Debt-to-Asset Chart

Smartgroup Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.16

0.09

0.16

0.17

Smartgroup Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial														0.09	0.17	0.16	0.16	0.17

Competitive Comparison of Smartgroup's Debt-to-Asset

For the Specialty Business Services subindustry, Smartgroup'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.

Smartgroup's Debt-to-Asset Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Smartgroup's Debt-to-Asset distribution charts can be found below:

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

Smartgroup Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Smartgroup'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
	=	(3.93	+	44.461)	/	279.469
	=	0.17

Smartgroup'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
	=	(3.93	+	44.461)	/	279.469
	=	0.17

Smartgroup (OTCPK:STGXF) 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.

Smartgroup Debt-to-Asset Related Terms

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Smartgroup (Smartgroup) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Smartgroup Corporation Ltd (OTCPK:STGXF) » Definitions » Debt-to-Asset

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Traded in Other Exchanges

SIQ:Australia

Address

133 Castlereagh Street, National Head Office, Level 8, Sydney, NSW, AUS, 2000

Website

http://www.smartgroup.com.au

Smartgroup Corporation is an Australia-based company that provides specialist employee management services. Its services include salary packaging, novated leasing, vehicle fleet management, payroll administration, employee share plan administration and workforce optimization. The operating segments of the company are: outsourced administration, or OA, vehicle services, or VS, and software, distribution and group services, or SDGS. Bulk of the group's revenue is generated from the OA segment which provides outsourced salary packaging services, novated leasing, share plan administration and outsourced payroll services. VS segment provides end-to-end vehicle fleet management services.

Smartgroup (Smartgroup) Headlines

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