Spirit Technology Solutions (ASX:ST1) Debt-to-Equity : 0.65 (As of Dec. 2023)

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What is Spirit Technology Solutions Debt-to-Equity?

Spirit Technology Solutions's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$2.0 Mil. Spirit Technology Solutions's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$29.8 Mil. Spirit Technology Solutions's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$48.8 Mil. Spirit Technology Solutions's debt to equity for the quarter that ended in Dec. 2023 was 0.65.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Spirit Technology Solutions's Debt-to-Equity or its related term are showing as below:

ASX:ST1' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.11 Med: 0.31 Max: 0.78
Current: 0.65

During the past 13 years, the highest Debt-to-Equity Ratio of Spirit Technology Solutions was 0.78. The lowest was 0.11. And the median was 0.31.

ASX:ST1's Debt-to-Equity is ranked better than
50.43% of 345 companies
in the Telecommunication Services industry
Industry Median: 0.66 vs ASX:ST1: 0.65

Spirit Technology Solutions Debt-to-Equity Historical Data

The historical data trend for Spirit Technology Solutions's Debt-to-Equity 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.

Spirit Technology Solutions Debt-to-Equity Chart

Spirit Technology Solutions Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.19

0.13

0.27

0.55

Spirit Technology Solutions Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.26	0.27	0.38	0.55	0.65

Competitive Comparison of Spirit Technology Solutions's Debt-to-Equity

For the Telecom Services subindustry, Spirit Technology Solutions's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.

Spirit Technology Solutions's Debt-to-Equity Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Spirit Technology Solutions's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Spirit Technology Solutions's Debt-to-Equity falls into.

Spirit Technology Solutions Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Spirit Technology Solutions's Debt to Equity Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(6.771	+	22.673)	/	53.133
	=	0.55

Spirit Technology Solutions's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1.952	+	29.76)	/	48.841
	=	0.65

Spirit Technology Solutions (ASX:ST1) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Spirit Technology Solutions Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Spirit Technology Solutions's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Spirit Technology Solutions (ASX:ST1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Spirit Technology Solutions Ltd (ASX:ST1) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

19-25 Raglan Street, Level 2, South Melbourne, Melbourne, VIC, AUS, 3205

Website

https://www.spirit.com.au

Spirit Technology Solutions Ltd provides telecommunication services, cloud services, managed IT services, and cyber security services to small and medium-sized businesses. It derives key revenue from Managed services followed by internet and data services. Geographically the group operates and generates revenue in Australia.

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