SPHL (Springview Holdings) LT-Debt-to-Total-Asset : 0.13 (As of Jun. 2024)

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What is Springview Holdings 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. Springview Holdings's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.13.

Springview Holdings's long-term debt to total assets ratio declined from Jun. 2023 (0.21) to Jun. 2024 (0.13). It may suggest that Springview Holdings is progressively becoming less dependent on debt to grow their business.

Springview Holdings LT-Debt-to-Total-Asset Historical Data

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

Springview Holdings Annual Data

Trend

Dec22

Dec23

LT-Debt-to-Total-Asset

0.20

0.14

Springview Holdings Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	-	0.20	0.21	0.14	0.13

Springview Holdings LT-Debt-to-Total-Asset Calculation

Springview Holdings'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 )
	=	0.715	/	5.076
	=	0.14

Springview Holdings'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 )
	=	0.627	/	4.871
	=	0.13

Springview Holdings (NAS:SPHL) 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.

Springview Holdings LT-Debt-to-Total-Asset Related Terms

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Springview Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Springview Holdings Ltd (NAS:SPHL) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

203 Henderson Road, No.06-01, Henderson Industrial Park, Singapore, SGP, 159546

Website

https://www.springviewggl.com

Springview Holdings Ltd is a company that conducts its operations through its indirect wholly-owned subsidiary which designs and constructs residential and commercial buildings in Singapore. It also provides four main types of works which includes new construction, reconstruction, Additions and Alterations (A&A), and other general contracting services such as renovation and design consultation.

Springview Holdings Headlines

From GuruFocus

Springview Holdings Ltd Announces Pricing of Initial Public Offering

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By Marketwired • 10-17-2024

Springview Holdings Ltd Announces Pricing of Initial Public Offering

By Marketwired • 10-17-2024