Simonds Group (ASX:SIO) LT-Debt-to-Total-Asset : 0.03 (As of Dec. 2024)

View and export this data going back to 2014. Start your Free Trial

What is Simonds Group 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. Simonds Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.03.

Simonds Group's long-term debt to total assets ratio declined from Dec. 2023 (0.04) to Dec. 2024 (0.03). It may suggest that Simonds Group is progressively becoming less dependent on debt to grow their business.

Simonds Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Simonds Group'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.

* Premium members only.

Simonds Group LT-Debt-to-Total-Asset Chart

Simonds Group Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.08

0.07

0.08

0.06

0.03

Simonds Group Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.07	0.06	0.04	0.03	0.03

Simonds Group LT-Debt-to-Total-Asset Calculation

Simonds Group'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 )
	=	4.455	/	158.293
	=	0.03

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

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	4.124	/	130.719
	=	0.03

Simonds Group (ASX:SIO) 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.

Simonds Group LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Simonds Group's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Simonds Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Simonds Group Ltd (ASX:SIO) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

570 St Kilda Road, Level 4, Melbourne, VIC, AUS, 3004

Website

http://www.simondsgroup.com.au

Simonds Group Ltd is engaged in the design and construction of residential dwellings. Its operating segment includes Residential construction and Land development. The company generates maximum revenue from the Residential construction segment. Its Residential construction segment includes activities relating to contracts for residential home construction, speculative home building and the building of display home inventory. Geographically, it operates only in Australia.

Simonds Group Headlines

From GuruFocus

FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ Buys 3, Sells 2 in 3rd Quarter

By GuruFocus Research GuruFocus Editor • 10-26-2022

Top 5 4th Quarter Trades of FORT WASHINGTON INVESTMENT ADVISORS INC /OH/

By GuruFocus Research GuruFocus Editor • 01-30-2023