Stealth Group Holdings (ASX:SGI) LT-Debt-to-Total-Asset : 0.14 (As of Jun. 2024)

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What is Stealth Group Holdings LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Stealth Group Holdings's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.14.

Stealth Group Holdings's long-term debt to total assets ratio increased from Jun. 2023 (0.10) to Jun. 2024 (0.14). It may suggest that Stealth Group Holdings is progressively becoming more dependent on debt to grow their business.

Stealth Group Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Stealth Group Holdings's LT-Debt-to-Total-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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Stealth Group Holdings LT-Debt-to-Total-Asset Chart

Stealth Group Holdings Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.08

0.12

0.15

0.10

0.14

Stealth Group Holdings Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial							0.15	0.13	0.10	0.10	0.14

Stealth Group Holdings LT-Debt-to-Total-Asset Calculation

Stealth Group Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (A: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2024 )	/	Total Assets (A: Jun. 2024 )
	=	12.238	/	85.192
	=	0.14

Stealth Group Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	12.238	/	85.192
	=	0.14

Stealth Group Holdings (ASX:SGI) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Stealth Group Holdings LT-Debt-to-Total-Asset Related Terms

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Stealth Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Stealth Group Holdings Ltd (ASX:SGI) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

43 Cedric Street, Unit 10, Level 2, Stirling, WA, AUS, 6021

Website

https://www.stealthgi.com

Stealth Group Holdings Ltd is a distributor, wholesaler, and a retailer of industrial maintenance, repair and operating (MRO) supplies, consumer technology products and other related products and services. The Group's Business Solutions operations are a wide-range distributor and retailer of Industrial, Safety, MRO, Automotive and Workplace products and value-add solutions to Commercial, Trade and DIY consumers. The Group's Retail Solutions operations provide centralised supplier and member services supporting the larger-scale distribution network that includes both Stealth-owned business solutions and independent member stores. Key revenue is generated from Business Solutions.

Stealth Group Holdings Headlines

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