SkyCity Entertainment Group (ASX:SKC) LT-Debt-to-Total-Asset : 0.29 (As of Dec. 2024)

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What is SkyCity Entertainment 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. SkyCity Entertainment Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.29.

SkyCity Entertainment Group's long-term debt to total assets ratio increased from Dec. 2023 (0.23) to Dec. 2024 (0.29). It may suggest that SkyCity Entertainment Group is progressively becoming more dependent on debt to grow their business.

SkyCity Entertainment Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for SkyCity Entertainment 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.

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SkyCity Entertainment Group LT-Debt-to-Total-Asset Chart

SkyCity Entertainment Group Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.12

0.20

0.21

0.22

0.18

SkyCity Entertainment 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															0.18	0.22	0.23	0.18	0.29

SkyCity Entertainment Group LT-Debt-to-Total-Asset Calculation

SkyCity Entertainment 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 )
	=	449.792	/	2571.05
	=	0.17

SkyCity Entertainment 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 )
	=	738.427	/	2540.29
	=	0.29

SkyCity Entertainment Group (ASX:SKC) 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.

SkyCity Entertainment Group LT-Debt-to-Total-Asset Related Terms

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SkyCity Entertainment Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » SkyCity Entertainment Group Ltd (ASX:SKC) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

SKC:New Zealand

Address

99 Albert Street, Level 13, P.O. Box 6443, Auckland, NTL, NZL, 1010

Website

https://www.skycityentertainmentgroup.com

SkyCity Entertainment operates a number of casino-hotel complexes across Australia and New Zealand. The flagship property is SkyCity Auckland, the holder and operator of an exclusive casino licence (expiring in 2048) in New Zealand's most populous city. The company also owns smaller casinos in Hamilton and Queenstown. In Australia, the company operates SkyCity Adelaide (exclusive licence expiring in 2035).

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