Smart Metering Systems (LSE:SMS) LT-Debt-to-Total-Asset : 0.20 (As of Jun. 2023)

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What is Smart Metering Systems 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. Smart Metering Systems's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.20.

Smart Metering Systems's long-term debt to total assets ratio increased from Jun. 2022 (0.02) to Jun. 2023 (0.20). It may suggest that Smart Metering Systems is progressively becoming more dependent on debt to grow their business.

Smart Metering Systems LT-Debt-to-Total-Asset Historical Data

The historical data trend for Smart Metering Systems'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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Smart Metering Systems LT-Debt-to-Total-Asset Chart

Smart Metering Systems Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.49

0.01

0.11

Smart Metering Systems Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.07	0.01	0.02	0.11	0.20

Smart Metering Systems LT-Debt-to-Total-Asset Calculation

Smart Metering Systems's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	74.825	/	697.362
	=	0.11

Smart Metering Systems's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (Q: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )	/	Total Assets (Q: Jun. 2023 )
	=	149.729	/	764.897
	=	0.20

Smart Metering Systems (LSE:SMS) 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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Smart Metering Systems (LSE:SMS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Smart Metering Systems PLC (LSE:SMS) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

SMS.GB:UK SMC:Germany

Address

48 St. Vincent Street, 2nd Floor, Glasgow, GBR, G2 5TS

Website

https://www.sms-plc.com

Smart Metering Systems PLC is a UK-based company which connects, owns, and maintains metering systems and database of energy companies. Its services include Smart Metering & Data; Smart Energy Services; Smart Utility Services; and ADM, which is an intelligent Automated Meter Reading (AMR) solution. The company operates in three segments: Asset Management, which comprises regulated management of gas meters, electric meters, and ADM units; Asset installation, which comprises installation of domestic and I&C gas meters and electricity meters; and Energy Management, which comprises the provision of energy consultancy services and the management of Distributed Energy Resources (DER) assets.

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