Objective (ASX:OCL) Debt-to-Asset : 0.10 (As of Dec. 2023)

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What is Objective Debt-to-Asset?

Objective's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$2.7 Mil. Objective's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$12.0 Mil. Objective's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was A$145.5 Mil. Objective's debt to asset for the quarter that ended in Dec. 2023 was 0.10.

Objective Debt-to-Asset Historical Data

The historical data trend for Objective's Debt-to-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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Objective Debt-to-Asset Chart

Objective Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Asset

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0.16

0.13

0.10

0.07

0.10

Objective Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial															0.10	0.07	0.06	0.10	0.10

Competitive Comparison of Objective's Debt-to-Asset

For the Software - Application subindustry, Objective's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Objective's Debt-to-Asset Distribution in the Software Industry

For the Software industry and Technology sector, Objective's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Objective's Debt-to-Asset falls into.

Objective Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Objective's Debt-to-Asset for the fiscal year that ended in Jun. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(2.532	+	13.385)	/	159.852
	=	0.10

Objective's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(2.669	+	12.002)	/	145.531
	=	0.10

Objective (ASX:OCL) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Objective Debt-to-Asset Related Terms

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Objective (ASX:OCL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Objective Corp Ltd (ASX:OCL) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

177 Pacific Highway, Level 30, North Sydney, Sydney, NSW, AUS, 2060

Website

https://www.objective.com.au

Objective Corporation is a founder-led technology company providing software and services for compliance with government regulations. Objective's primary business is its content management software for the Australian public sector, which ensures government information can be gathered, located, accessed, supplemented, authored, collaborated on, signed off on, and shared in a compliant manner. Objective also offers products which encompass industry-specific applications of enterprise content management software, such as for assessing building development applications, compiling new regulations and providing ministerial briefs.

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