Sportech (LSE:SPO) LT-Debt-to-Total-Asset : 0.23 (As of Jun. 2023)

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What is Sportech 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. Sportech's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.23.

Sportech's long-term debt to total assets ratio declined from Jun. 2022 (0.24) to Jun. 2023 (0.23). It may suggest that Sportech is progressively becoming less dependent on debt to grow their business.

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

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

Sportech Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.10

0.05

0.15

0.22

Sportech 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															0.04	0.15	0.24	0.22	0.23

Sportech LT-Debt-to-Total-Asset Calculation

Sportech'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 )
	=	6.2	/	28.174
	=	0.22

Sportech'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 )
	=	5.62	/	24.902
	=	0.23

Sportech (LSE:SPO) 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.

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

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Sportech (LSE:SPO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Sportech PLC (LSE:SPO) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

N/A

Address

Collins House, Rutland Square, Midlothian, Edinburgh, GBR, EH1 2AA

Website

https://www.sportechplc.com

Sportech PLC is a sports entertainment company and pool betting organization, focusing on regulated markets. The company has three business divisions including Sportech Digital which include the provision of pari-mutuel wagering services and systems principally to the horseracing industry; Sportech Venues include off-track betting venue management, and Corporate costs include central costs relating to Company in its capacity as the holding company of the Group. Majority of the revenue is generated from Sportech Venus division.

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