Pioneer Credit (ASX:PNC) Debt-to-Asset : 0.80 (As of Dec. 2023)

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What is Pioneer Credit Debt-to-Asset?

Pioneer Credit's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$16.53 Mil. Pioneer Credit's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$277.81 Mil. Pioneer Credit's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was A$366.11 Mil. Pioneer Credit's debt to asset for the quarter that ended in Dec. 2023 was 0.80.

Pioneer Credit Debt-to-Asset Historical Data

The historical data trend for Pioneer Credit'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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Pioneer Credit Debt-to-Asset Chart

Pioneer Credit Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Asset

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0.60

0.75

0.77

0.79

0.84

Pioneer Credit 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															0.83	0.79	0.83	0.84	0.80

Competitive Comparison of Pioneer Credit's Debt-to-Asset

For the Credit Services subindustry, Pioneer Credit'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.

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

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

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

Pioneer Credit Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Pioneer Credit'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
	=	(12.451	+	263.272)	/	326.754
	=	0.84

Pioneer Credit'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
	=	(16.533	+	277.808)	/	366.105
	=	0.80

Pioneer Credit (ASX:PNC) 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.

Pioneer Credit Debt-to-Asset Related Terms

Thank you for viewing the detailed overview of Pioneer Credit's Debt-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Pioneer Credit (ASX:PNC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Pioneer Credit Ltd (ASX:PNC) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

108 St. Georges Terrace, Level 6, Perth, WA, AUS, 6000

Website

https://www.pioneercredit.com.au

Pioneer Credit Ltd provides financial services in Australia. Its primary business involves the acquisition and servicing of Purchased Debt Portfolios (PDPs). The company has launched its app, called Pioneer Path, which is a personal finance and budget management app that helps customers spend less, save more, and reduce debt.