Smartgroup (Smartgroup) LT-Debt-to-Total-Asset : 0.16 (As of Dec. 2023)

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What is Smartgroup 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. Smartgroup's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.16.

Smartgroup's long-term debt to total assets ratio increased from Dec. 2022 (0.14) to Dec. 2023 (0.16). It may suggest that Smartgroup is progressively becoming more dependent on debt to grow their business.

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

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

Smartgroup Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.15

0.08

0.14

0.16

Smartgroup Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial														0.08	0.16	0.14	0.16	0.16

Smartgroup LT-Debt-to-Total-Asset Calculation

Smartgroup'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 )
	=	44.461	/	279.469
	=	0.16

Smartgroup's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	44.461	/	279.469
	=	0.16

Smartgroup (OTCPK:STGXF) 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.

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

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Smartgroup (Smartgroup) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Smartgroup Corporation Ltd (OTCPK:STGXF) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

SIQ:Australia

Address

133 Castlereagh Street, National Head Office, Level 8, Sydney, NSW, AUS, 2000

Website

http://www.smartgroup.com.au

Smartgroup Corporation is an Australia-based company that provides specialist employee management services. Its services include salary packaging, novated leasing, vehicle fleet management, payroll administration, employee share plan administration and workforce optimization. The operating segments of the company are: outsourced administration, or OA, vehicle services, or VS, and software, distribution and group services, or SDGS. Bulk of the group's revenue is generated from the OA segment which provides outsourced salary packaging services, novated leasing, share plan administration and outsourced payroll services. VS segment provides end-to-end vehicle fleet management services.

Smartgroup (Smartgroup) Headlines

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Full Year 2023 Smartgroup Corporation Ltd Earnings Presentation Transcript

By GuruFocus Research • 02-28-2024