Southern Cross Media Group (ASX:SXL) LT-Debt-to-Total-Asset : 0.24 (As of Dec. 2023)

View and export this data going back to 2005. Start your Free Trial

What is Southern Cross Media Group 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. Southern Cross Media Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.24.

Southern Cross Media Group's long-term debt to total assets ratio declined from Dec. 2022 (0.25) to Dec. 2023 (0.24). It may suggest that Southern Cross Media Group is progressively becoming less dependent on debt to grow their business.

Southern Cross Media Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Southern Cross Media Group'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.

* Premium members only.

Southern Cross Media Group LT-Debt-to-Total-Asset Chart

Southern Cross Media Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.27

0.33

0.17

0.23

Southern Cross Media Group 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															0.19	0.23	0.25	0.23	0.24

Southern Cross Media Group LT-Debt-to-Total-Asset Calculation

Southern Cross Media Group'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 )
	=	240.179	/	1029.545
	=	0.23

Southern Cross Media Group'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 )
	=	248.972	/	1033.088
	=	0.24

Southern Cross Media Group (ASX:SXL) 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.

Southern Cross Media Group LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Southern Cross Media Group's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Southern Cross Media Group (ASX:SXL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Southern Cross Media Group Ltd (ASX:SXL) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

101 Moray Street, Level 2, South Melbourne, Melbourne, VIC, AUS, 3205

Website

https://www.southerncrossaustereo.com.au

Southern Cross Media broadcasts television and radio content across Australia and generates revenue and earnings mainly from sales of airtime to advertisers. In metropolitan areas, it runs two radio networks (Hit and Triple M). In regional areas, the company runs a portfolio of radio stations and television stations. It is also investing in digital audio, which has fast-growing audiences.

Southern Cross Media Group (ASX:SXL) Headlines

No Headlines