Servcorp (ASX:SRV) LT-Debt-to-Total-Asset : 0.40 (As of Dec. 2023)

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What is Servcorp 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. Servcorp's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.40.

Servcorp's long-term debt to total assets ratio increased from Dec. 2022 (0.40) to Dec. 2023 (0.40). It may suggest that Servcorp is progressively becoming more dependent on debt to grow their business.

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

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

Servcorp Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.43

0.42

0.38

0.41

Servcorp 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															0.39	0.38	0.40	0.41	0.40

Servcorp LT-Debt-to-Total-Asset Calculation

Servcorp'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 )
	=	261.808	/	640.967
	=	0.41

Servcorp'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 )
	=	264.288	/	658.269
	=	0.40

Servcorp (ASX:SRV) 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.

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

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Servcorp (ASX:SRV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Servcorp Ltd (ASX:SRV) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

19-29 Martin Place, Level 63, MLC Centre, Sydney, NSW, AUS, 2000

Website

https://www.servcorp.com.au

Servcorp Ltd is a provider of a wide variety of office-space solutions for businesses, including virtual offices, executive suites, meeting rooms, and other accommodations. The company was founded in Australia but currently operates in numerous large cities across over 21 countries, including New York, Sydney, London, Paris, Tokyo, Hong Kong, and Dubai. Notable locations include co-working space in the One World Trade Center in New York City. The company reports revenue from like-for-like floor income. The company has its operating segments in Australia, New Zealand and South East Asia (ANZ/SEA); United States of America (USA); Europe and Middle East (EME) and North Asia, which derives maximum revenue.