SPPL (Simpple) LT-Debt-to-Total-Asset : 0.26 (As of Dec. 2022)

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What is Simpple 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. Simpple's long-term debt to total assests ratio for the quarter that ended in Dec. 2022 was 0.26.

Simpple's long-term debt to total assets ratio declined from Dec. 2021 (0.46) to Dec. 2022 (0.26). It may suggest that Simpple is progressively becoming less dependent on debt to grow their business.

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

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

Simpple Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.60

0.46

0.26

0.07

Simpple Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			-	0.46	0.38	0.26	0.07

Simpple LT-Debt-to-Total-Asset Calculation

Simpple'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 )
	=	0.465	/	6.578
	=	0.07

Simpple's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (Q: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2022 )	/	Total Assets (Q: Dec. 2022 )
	=	1.105	/	4.314
	=	0.26

Simpple (NAS:SPPL) 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.

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

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Simpple Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Simpple Ltd (NAS:SPPL) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 03-07, 71 Ayer Rajah Crescent, Singapore, SGP, 139951

Website

https://www.simpple.com.sg

Simpple Ltd delivers an ecosystem solution that combines Internet-of-Things devices, robotic solutions and an integrated software system operating in unison to position buildings to be future-ready. The company operates through two primary segments: the sale, warranty, and maintenance of autonomous robotic cleaning equipment (Robots), and the sale of facilities management software. The majority of its revenue is generated from the Robots segment.