Spectra Systems (LSE:SPSY) LT-Debt-to-Total-Asset : 0.17 (As of Jun. 2024)

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What is Spectra 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. Spectra Systems's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.17.

Spectra Systems's long-term debt to total assets ratio increased from Jun. 2023 (0.04) to Jun. 2024 (0.17). It may suggest that Spectra Systems is progressively becoming more dependent on debt to grow their business.

Spectra Systems LT-Debt-to-Total-Asset Historical Data

The historical data trend for Spectra 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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Spectra Systems LT-Debt-to-Total-Asset Chart

Spectra Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.02

0.03

0.16

Spectra Systems Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	0.03	0.04	0.16	0.17

Spectra Systems LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	7.429	/	47.476
	=	0.16

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

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	8.152	/	48.241
	=	0.17

Spectra Systems (LSE:SPSY) 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.

Spectra Systems LT-Debt-to-Total-Asset Related Terms

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Spectra Systems Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Spectra Systems Corp (LSE:SPSY) » Definitions » LT-Debt-to-Total-Asset

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SPSC:UK

Address

40 Westminster Street, 2nd Floor, Providence, RI, USA, 02903

Website

https://www.spsy.com

Spectra Systems Corp manufactures, and markets technology-based products used to authenticate and process banknotes and also offers secure software products for gaming. The company has divided its business into Authentication Systems, Security Printing, and Banknote Cleaning. The company derives maximum revenue from Authentication Systems that involve the hardware, software, and materials related to the authentication of banknotes, tax stamps, and other high-value goods.

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