Aitken Spence (COL:SPEN.N0000) Debt-to-Asset : 0.45 (As of Dec. 2023)

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What is Aitken Spence Debt-to-Asset?

Aitken Spence's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was රු41,590 Mil. Aitken Spence's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was රු55,839 Mil. Aitken Spence's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was රු214,867 Mil. Aitken Spence's debt to asset for the quarter that ended in Dec. 2023 was 0.45.

Aitken Spence Debt-to-Asset Historical Data

The historical data trend for Aitken Spence'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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Aitken Spence Debt-to-Asset Chart

Aitken Spence Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Asset

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0.35

0.44

0.49

0.43

0.45

Aitken Spence Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial															0.47	0.45	0.47	0.47	0.45

Competitive Comparison of Aitken Spence's Debt-to-Asset

For the Conglomerates subindustry, Aitken Spence'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.

Aitken Spence's Debt-to-Asset Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Aitken Spence's Debt-to-Asset distribution charts can be found below:

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

Aitken Spence Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Aitken Spence's Debt-to-Asset for the fiscal year that ended in Mar. 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
	=	(34240.919	+	62662.483)	/	214337.69
	=	0.45

Aitken Spence'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
	=	(41589.666	+	55839.075)	/	214866.835
	=	0.45

Aitken Spence (COL:SPEN.N0000) 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.

Aitken Spence Debt-to-Asset Related Terms

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Aitken Spence (COL:SPEN.N0000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Aitken Spence PLC (COL:SPEN.N0000) » Definitions » Debt-to-Asset

Traded in Other Exchanges

N/A

Address

No. 315, Vauxhall Street, Aitken Spence Towers II, Colombo, LKA, 02

Website

https://www.aitkenspence.com

Aitken Spence PLC is a Sri Lankan-based conglomerate company. Its segments consist of Tourism, Maritime and Freight Logistics, Strategic Investments, and Services. The tourism segment includes Hotels, destination management, and Airline GSA. Maritime and Freight Logistics segments consist of Maritime and Port Services, Freight Forwarding and Courier, Airline GSA (Cargo), Integrated Logistics, and Education. Strategic Investment includes Power Generation, Apparel Manufacture, Printing and Packaging, and Plantations. The services sector is engaged in Money Transfer Services, Elevator Agencies, Insurance, and Property Management. The company's geographical segments are Sri Lanka, Maldives, and Other Countries.

Aitken Spence (COL:SPEN.N0000) Headlines

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