Primech Holdings (Primech Holdings) Debt-to-Asset : 0.55 (As of Sep. 2023)

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What is Primech Holdings Debt-to-Asset?

Primech Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $13.71 Mil. Primech Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $7.70 Mil. Primech Holdings's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2023 was $39.28 Mil. Primech Holdings's debt to asset for the quarter that ended in Sep. 2023 was 0.54.

Primech Holdings Debt-to-Asset Historical Data

The historical data trend for Primech Holdings'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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Primech Holdings Debt-to-Asset Chart

Primech Holdings Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Debt-to-Asset

0.21

0.25

0.36

0.52

Primech Holdings Semi-Annual Data
	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Asset	Get a 7-Day Free Trial			0.36	0.36	0.49	0.52	0.55

Competitive Comparison of Primech Holdings's Debt-to-Asset

For the Specialty Business Services subindustry, Primech Holdings'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.

Primech Holdings's Debt-to-Asset Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Primech Holdings's Debt-to-Asset distribution charts can be found below:

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

Primech Holdings Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Primech Holdings'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
	=	(13.623	+	8.742)	/	42.823
	=	0.52

Primech Holdings's Debt-to-Asset for the quarter that ended in Sep. 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
	=	(13.711	+	7.696)	/	39.281
	=	0.54

Primech Holdings (NAS:PMEC) 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.

Primech Holdings Debt-to-Asset Related Terms

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Primech Holdings (Primech Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Primech Holdings Ltd (NAS:PMEC) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

23 Ubi Crescent, Singapore, SGP, 408579

Website

https://www.primechholdings.com

Primech Holdings Ltd is a technology-driven facilities services provider in the public and private sectors operating mainly in Singapore. The services offered by the company include Facilities services, Stewarding services, Cleaning services to offices, Cleaning services to homes, and Cleaning Supplies.

Primech Holdings (Primech Holdings) Headlines

From GuruFocus

PRIMECH HOLDINGS LTD. Announces Pricing of US12.2 Million Initial Public Offering

By Marketwired • 10-10-2023

PRIMECH HOLDINGS LTD. Announces Pricing of US12.2 Million Initial Public Offering

By GlobeNewswire • 10-10-2023