Synectics (LSE:SNX) LT-Debt-to-Total-Asset : 0.02 (As of May. 2024)

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What is Synectics 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. Synectics's long-term debt to total assests ratio for the quarter that ended in May. 2024 was 0.02.

Synectics's long-term debt to total assets ratio declined from May. 2023 (0.04) to May. 2024 (0.02). It may suggest that Synectics is progressively becoming less dependent on debt to grow their business.

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

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

Synectics Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

LT-Debt-to-Total-Asset

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0.03

0.04

0.02

Synectics Semi-Annual Data
	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23	May24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.04	0.04	0.04	0.02	0.02

Synectics LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Nov. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Nov. 2023 )	/	Total Assets (A: Nov. 2023 )
	=	1.365	/	57.624
	=	0.02

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

LT Debt to Total Assets (Q: May. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: May. 2024 )	/	Total Assets (Q: May. 2024 )
	=	1.037	/	58.139
	=

Synectics (LSE:SNX) 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.

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

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Synectics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Synectics PLC (LSE:SNX) » Definitions » LT-Debt-to-Total-Asset

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RNR:Germany

Address

3-4 Broadfield Close, Synectics House, Sheffield, South Yorkshire, GBR, S8 0XN

Website

https://www.synecticsplc.com

Synectics PLC is a UK-based company, which operates in the security and surveillance systems. It business of the group is operated through Systems and Security segments. Its systems segment develops, integrates, and delivers resilient, flexible electronic surveillance solutions based on its proprietary hardware and software, and operates globally across all sectors. The Security segment focuses on the design, delivery, maintenance, and management of end-to-end security and surveillance systems for high-security & public space applications, and operates principally in the United Kingdom. Its operations are spread across UK and Europe, North America, the Middle East & Africa, and Asia Pacific.