Swift Networks Group (ASX:SW1) LT-Debt-to-Total-Asset : 0.02 (As of Dec. 2024)

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What is Swift Networks 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. Swift Networks Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.02.

Swift Networks Group's long-term debt to total assets ratio declined from Dec. 2023 (0.68) to Dec. 2024 (0.02). It may suggest that Swift Networks Group is progressively becoming less dependent on debt to grow their business.

Swift Networks Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Swift Networks 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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Swift Networks Group LT-Debt-to-Total-Asset Chart

Swift Networks Group Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.41

0.45

0.06

0.61

0.68

Swift Networks 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															0.58	0.61	0.68	0.68	0.02

Swift Networks Group LT-Debt-to-Total-Asset Calculation

Swift Networks 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 )
	=	6.781	/	10.044
	=	0.68

Swift Networks 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 )
	=	0.267	/	10.94
	=	0.02

Swift Networks Group (ASX:SW1) 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.

Swift Networks Group LT-Debt-to-Total-Asset Related Terms

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Swift Networks Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Swift Networks Group Ltd (ASX:SW1) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

1060 Hay Street, West Perth, Perth, WA, AUS, 6005

Website

https://www.swiftnetworks.com.au

Swift Networks Group Ltd is a provision of content and communications on television screens for out-of-home environments. Its sector includes Mining and Resources, Aged Care, Retirement, and Lifestyle Government. It operates only one reporting segment in the digital entertainment and service sector.

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