Sovereign Cloud Holdings (ASX:SOV) Liabilities-to-Assets : 0.32 (As of Dec. 2023)

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What is Sovereign Cloud Holdings Liabilities-to-Assets?

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities, calculated as total liabilities divided by total asset. Sovereign Cloud Holdings's Total Liabilities for the quarter that ended in Dec. 2023 was A$7.00 Mil. Sovereign Cloud Holdings's Total Assets for the quarter that ended in Dec. 2023 was A$21.93 Mil. Therefore, Sovereign Cloud Holdings's Liabilities-to-Assets Ratio for the quarter that ended in Dec. 2023 was 0.32.

Sovereign Cloud Holdings Liabilities-to-Assets Historical Data

The historical data trend for Sovereign Cloud Holdings's Liabilities-to-Assets 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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Sovereign Cloud Holdings Liabilities-to-Assets Chart

Sovereign Cloud Holdings Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Liabilities-to-Assets

0.22

0.30

0.18

0.27

Sovereign Cloud Holdings Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Liabilities-to-Assets	Get a 7-Day Free Trial			0.16	0.18	0.29	0.27	0.32

Competitive Comparison of Sovereign Cloud Holdings's Liabilities-to-Assets

For the Software - Infrastructure subindustry, Sovereign Cloud Holdings's Liabilities-to-Assets, along with its competitors' market caps and Liabilities-to-Assets 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.

Sovereign Cloud Holdings's Liabilities-to-Assets Distribution in the Software Industry

For the Software industry and Technology sector, Sovereign Cloud Holdings's Liabilities-to-Assets distribution charts can be found below:

* The bar in red indicates where Sovereign Cloud Holdings's Liabilities-to-Assets falls into.

Sovereign Cloud Holdings Liabilities-to-Assets Calculation

Liabilities-to-Assets ratio measures the portion of the total liabilities to the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Liabilities-to-Assets ratio is calculated by dividing total liabilities by total asset.

Sovereign Cloud Holdings's Liabilities-to-Assets Ratio for the fiscal year that ended in Jun. 2023 is calculated as:

Liabilities-to-Assets (A: Jun. 2023 )	=	Total Liabilities	/	Total Assets
	=	9.039	/	33.943
	=	0.27

Sovereign Cloud Holdings's Liabilities-to-Assets Ratio for the quarter that ended in Dec. 2023 is calculated as

Liabilities-to-Assets (Q: Dec. 2023 )	=	Total Liabilities	/	Total Assets
	=	7.001	/	21.933
	=	0.32

Sovereign Cloud Holdings (ASX:SOV) Liabilities-to-Assets Explanation

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities. It can vary greatly across different industries, as they have different capital structure. A high Liabilities-to-Assets ratio (more leveraged) suggests that the company might have potential solvency problems, or even a signal of financial distress. Conversely, a low Liabilities-to-Assets ratio usually indicates a healthy financial situation. However, it may also suggest that the company is not expanding or not making good use of debt.

Sovereign Cloud Holdings Liabilities-to-Assets Related Terms

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Sovereign Cloud Holdings (ASX:SOV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sovereign Cloud Holdings Ltd (ASX:SOV) » Definitions » Liabilities-to-Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

15-21 Beaconsfield Street, Unit 7, Fyshwick, ACT, AUS, 2609

Website

https://www.australiacloud.com.au

Sovereign Cloud Holdings Ltd provides sovereign cloud services to Australian Governments and critical national industries. It has built a cloud-based platform, which is accredited by Government standards to PROTECTED controls or higher. The platform is available to rent computation cycles and data storage to customers on a pay-as-you-go basis, referred to as Infrastructure as a Service (IaaS).

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