Netwealth Group (ASX:NWL) Debt-to-Asset : 0.09 (As of Dec. 2023)

View and export this data going back to 2017. Start your Free Trial

What is Netwealth Group Debt-to-Asset?

Netwealth Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$1.7 Mil. Netwealth Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$14.1 Mil. Netwealth Group's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was A$179.3 Mil. Netwealth Group's debt to asset for the quarter that ended in Dec. 2023 was 0.09.

Netwealth Group Debt-to-Asset Historical Data

The historical data trend for Netwealth Group'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.

* Premium members only.

Netwealth Group Debt-to-Asset Chart

Netwealth Group Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Asset

Get a 7-Day Free Trial

0.05

0.13

0.11

0.08

Netwealth Group Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial								0.12	0.11	0.10	0.08	0.09

Competitive Comparison of Netwealth Group's Debt-to-Asset

For the Capital Markets subindustry, Netwealth Group'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.

Netwealth Group's Debt-to-Asset Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Netwealth Group's Debt-to-Asset distribution charts can be found below:

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

Netwealth Group Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Netwealth Group'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
	=	(1.437	+	12.149)	/	161.885
	=	0.08

Netwealth Group'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
	=	(1.698	+	14.074)	/	179.27
	=	0.09

Netwealth Group (ASX:NWL) 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.

Netwealth Group Debt-to-Asset Related Terms

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

Netwealth Group (ASX:NWL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Netwealth Group Ltd (ASX:NWL) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

180 Flinders Street, Level 6, Melbourne, VIC, AUS, 3000

Website

https://www.netwealth.com.au

Netwealth provides cloud-based investment administration software as a service, or SaaS, in Australia via its proprietary platform. Netwealth's platform provides portfolio administration, investment management tools, and investment and managed account services to financial intermediaries and directly to clients. The company charges SaaS fees based on funds under administration and management on its platform. Netwealth also offers Netwealth-branded investment products on its platform which are managed by third-party investment managers.