ReadyTech Holdings (ASX:RDY) Debt-to-Asset : 0.19 (As of Dec. 2023)

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What is ReadyTech Holdings Debt-to-Asset?

ReadyTech Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$1.0 Mil. ReadyTech Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$47.0 Mil. ReadyTech Holdings's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was A$254.9 Mil. ReadyTech Holdings's debt to asset for the quarter that ended in Dec. 2023 was 0.19.

ReadyTech Holdings Debt-to-Asset Historical Data

The historical data trend for ReadyTech 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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ReadyTech Holdings Debt-to-Asset Chart

ReadyTech Holdings Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Asset

0.34

0.33

0.20

ReadyTech Holdings Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial						0.20	0.20	0.20	0.20	0.19

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

For the Software - Application subindustry, ReadyTech 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.

ReadyTech Holdings's Debt-to-Asset Distribution in the Software Industry

For the Software industry and Technology sector, ReadyTech Holdings's Debt-to-Asset distribution charts can be found below:

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

ReadyTech Holdings Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

ReadyTech Holdings's Debt-to-Asset for the fiscal year that ended in Jun. 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
	=	(1.229	+	50.881)	/	259.282
	=	0.20

ReadyTech Holdings'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
	=	(0.968	+	46.984)	/	254.889
	=	0.19

ReadyTech Holdings (ASX:RDY) 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.

ReadyTech Holdings Debt-to-Asset Related Terms

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ReadyTech Holdings (ASX:RDY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ReadyTech Holdings Ltd (ASX:RDY) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

77 King Street, Level 2, Sydney, NSW, AUS, 2000

Website

https://www.readytech.com.au

ReadyTech Holdings Ltd is a provider of people management software for educators, employers, and facilitators of career transitions. Its products are JR Plus, A2E, HR3, ePayroll, JR Gov, Aussiepay, and others. The company's operating segments include Education and Work pathways, Workforce Solutions, and Government and Justice. It generates maximum revenue from the Education segment. The education segment mainly provides products and services to tertiary education providers. Its Workforce segment provides products and services to a mid-sized company across various industries. The Government division provides government and justice case management software as a service solution to local governments, state governments and justice departments.