Solvar (ASX:SVR) LT-Debt-to-Total-Asset : 0.37 (As of Jun. 2024)

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What is Solvar 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. Solvar's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.37.

Solvar's long-term debt to total assets ratio declined from Jun. 2023 (0.50) to Jun. 2024 (0.37). It may suggest that Solvar is progressively becoming less dependent on debt to grow their business.

Solvar LT-Debt-to-Total-Asset Historical Data

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

Solvar Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.39

0.36

0.48

0.50

0.37

Solvar Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.48	0.55	0.50	0.45	0.37

Solvar LT-Debt-to-Total-Asset Calculation

Solvar'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 )
	=	379.186	/	1022.98
	=	0.37

Solvar'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 )
	=	379.186	/	1022.98
	=	0.37

Solvar (ASX:SVR) 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.

Solvar LT-Debt-to-Total-Asset Related Terms

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Solvar Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Solvar Ltd (ASX:SVR) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

40 Graduate Road, Level 1, Bundoora, VIC, AUS, 3083

Website

https://www.solvar.com.au

Solvar Ltd is a financial services company. It is engaged in the provision of finance specializing in the delivery of secured automotive loans as well as secured and unsecured personal loans. The company's geographical segment includes Australia and New Zealand. It generates maximum revenue from the Australia segment. Australia segment provides lending facilities in Australia generally based on the provision of an underlying asset as security, referred through a broker.

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