Sparc Technologies (ASX:SPN) LT-Debt-to-Total-Asset : 0.05 (As of Dec. 2023)

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What is Sparc Technologies 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. Sparc Technologies's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.05.

Sparc Technologies's long-term debt to total assets ratio increased from Dec. 2022 (0.04) to Dec. 2023 (0.05). It may suggest that Sparc Technologies is progressively becoming more dependent on debt to grow their business.

Sparc Technologies LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sparc Technologies'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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Sparc Technologies LT-Debt-to-Total-Asset Chart

Sparc Technologies Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.10

0.07

0.04

Sparc Technologies Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.07	0.07	0.04	0.04	0.05

Sparc Technologies LT-Debt-to-Total-Asset Calculation

Sparc Technologies's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	0.194	/	4.405
	=

Sparc Technologies's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	0.194	/	3.634
	=

Sparc Technologies (ASX:SPN) 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.

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Sparc Technologies (ASX:SPN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sparc Technologies Ltd (ASX:SPN) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

51 Rundle Street, Kent Town, Adelaide, SA, AUS, 5067

Website

https://www.sparctechnologies.com.au

Sparc Technologies Ltd is focused on the development of technology solutions using the properties of graphene. technology and product areas, namely graphene additive materials in coatings and composites, photocatalytic green hydrogen technology, and sustainable hard carbon anodes for use in sodium-ion batteries.

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