Speedy Hire (CHIX:SDYL) LT-Debt-to-Total-Asset : 0.37 (As of Sep. 2024)

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

Speedy Hire's long-term debt to total assets ratio increased from Sep. 2023 (0.33) to Sep. 2024 (0.37). It may suggest that Speedy Hire is progressively becoming more dependent on debt to grow their business.

Speedy Hire LT-Debt-to-Total-Asset Historical Data

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

Speedy Hire Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.32

0.21

0.26

0.33

0.36

Speedy Hire Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.29	0.33	0.33	0.36	0.37

Speedy Hire LT-Debt-to-Total-Asset Calculation

Speedy Hire's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (A: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2024 )	/	Total Assets (A: Mar. 2024 )
	=	179.6	/	500.2
	=	0.36

Speedy Hire's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	186.3	/	504.6
	=	0.37

Speedy Hire (CHIX:SDYl) 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.

Speedy Hire LT-Debt-to-Total-Asset Related Terms

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Speedy Hire Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Speedy Hire PLC (CHIX:SDYl) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

SDY.GB:UK SDY:UK 5HN:Germany

Address

16 The Parks, Chase House, Newton-le-Willows, Merseyside, GBR, WA12 0JQ

Website

https://www.speedyservices.com

Speedy Hire PLC is a UK-based company engaged in the provision of equipment for hire and sale and associated services to construction, infrastructure, industry, and related industries. It delivers asset management with tailored services and a continued commitment to relationship management. The company's reporting segments are; Hire, Services, UK and Ireland, and Corporate. It generates revenue from Hire and related activities followed by services provided. The company's geographical segments are the United Kingdom and Ireland, of which the majority of its revenue comes from the United Kingdom.

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