Sprintex (ASX:SIX) Debt-to-Asset : 0.71 (As of Dec. 2023)

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What is Sprintex Debt-to-Asset?

Sprintex's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$1.75 Mil. Sprintex's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.23 Mil. Sprintex's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was A$2.80 Mil. Sprintex's debt to asset for the quarter that ended in Dec. 2023 was 0.71.

Sprintex Debt-to-Asset Historical Data

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

Sprintex Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Asset

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3.60

9.30

0.08

0.18

1.39

Sprintex Semi-Annual Data
	Jun14	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															0.11	0.18	0.48	1.39	0.71

Competitive Comparison of Sprintex's Debt-to-Asset

For the Auto Parts subindustry, Sprintex'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.

Sprintex's Debt-to-Asset Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Sprintex's Debt-to-Asset distribution charts can be found below:

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

Sprintex Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Sprintex'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
	=	(1.203	+	1.996)	/	2.295
	=	1.39

Sprintex'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
	=	(1.749	+	0.226)	/	2.799
	=	0.71

Sprintex (ASX:SIX) 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.

Sprintex Debt-to-Asset Related Terms

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Sprintex (ASX:SIX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Sprintex Ltd (ASX:SIX) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

251 Adelaide Terrace, Suite 6, Level 1, Perth, WA, AUS, 6000

Website

https://www.sprintex.com.au

Sprintex Ltd is a company that engages in manufacturing and distributing a patented range of Sprintex superchargers. The company products are used in Jeeps, Grand Cherokee, Dodge Challenger V6, Dodge Charger V6, Chrysler 300 C/C V6, Ram 1500 V6, FT86/FRS, BRZ, Mini Cooper S, and Honda, among others. Geographically, it derives a majority of its revenue from the United States and also has a presence in Australia, the United Arab Emirates, and other countries.