Prospa Group (ASX:PGL) Debt-to-Asset : 0.87 (As of Dec. 2023)

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What is Prospa Group Debt-to-Asset?

Prospa Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$760.6 Mil. Prospa Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$3.2 Mil. Prospa Group's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was A$878.7 Mil. Prospa Group's debt to asset for the quarter that ended in Dec. 2023 was 0.87.

Prospa Group Debt-to-Asset Historical Data

The historical data trend for Prospa Group'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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Prospa Group Debt-to-Asset Chart

Prospa Group Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Asset

0.66

0.71

0.73

0.80

0.88

Prospa Group Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial						0.76	0.80	0.84	0.88	0.87

Competitive Comparison of Prospa Group's Debt-to-Asset

For the Credit Services subindustry, Prospa Group'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.

Prospa Group's Debt-to-Asset Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Prospa Group's Debt-to-Asset distribution charts can be found below:

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

Prospa Group Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Prospa Group'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
	=	(7.262	+	779.12)	/	898.963
	=	0.87

Prospa Group'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
	=	(760.616	+	3.198)	/	878.706
	=	0.87

Prospa Group (ASX:PGL) 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.

Prospa Group Debt-to-Asset Related Terms

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Prospa Group (ASX:PGL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Prospa Group Ltd (ASX:PGL) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-16 Yurong Street, Level 1, Sydney, NSW, AUS, 2000

Website

https://www.prospa.com

Prospa Group Ltd is engaged in the design, building and utilizing cloud-based data-rich and API-ended technologies to deliver seamless customer experiences for the small business. It uses third-party software and service providers as the core component of the technology platform. The company's technological innovation includes Customer experience, Credit Decision Engine, Partner Technical Solutions, and Internal Workflow and Automation.

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