Spenda (ASX:SPX) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2023)

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What is Spenda LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Spenda's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.01.

Spenda's long-term debt to total assets ratio declined from Dec. 2022 (0.01) to Dec. 2023 (0.01). It may suggest that Spenda is progressively becoming less dependent on debt to grow their business.

Spenda LT-Debt-to-Total-Asset Historical Data

The historical data trend for Spenda's LT-Debt-to-Total-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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Spenda LT-Debt-to-Total-Asset Chart

Spenda Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.23

Spenda Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	0.01	0.23	0.01

Spenda LT-Debt-to-Total-Asset Calculation

Spenda's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	12.16	/	53.384
	=	0.23

Spenda's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	0.452	/	50.801
	=	0.01

Spenda (ASX:SPX) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Spenda LT-Debt-to-Total-Asset Related Terms

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Spenda (ASX:SPX) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Spenda Ltd (ASX:SPX) » Definitions » LT-Debt-to-Total-Asset

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Address

275 Alfred Street, Suite 605, North Sydney, NSW, AUS, 2060

Website

https://www.spenda.co

Spenda Ltd is engaged in B2B software applications, flexible payment and lending solutions, and integration services that help improve the way businesses trade and get paid. The company provides solutions that include Online Marketplaces Franchise Groups, Wholesalers and Manufacturers and Retailers and Service Providers. It's operating segments are SaaS which includes Payments Provision of software as a service to business customers and merchant payment services; Lending which includes Provision of lending services to business customers; and Unallocated.

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