Sprint (Sprint) LT-Debt-to-Total-Asset : 0.45 (As of Dec. 2019)

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What is Sprint 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. Sprint's long-term debt to total assests ratio for the quarter that ended in Dec. 2019 was 0.45.

Sprint's long-term debt to total assets ratio increased from Dec. 2018 (0.42) to Dec. 2019 (0.45). It may suggest that Sprint is progressively becoming more dependent on debt to grow their business.

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

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

Sprint Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Mar15

Mar16

Mar17

Mar18

Mar19

LT-Debt-to-Total-Asset

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0.39

0.37

0.42

0.44

0.42

Sprint Quarterly Data
	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.42	0.42	0.46	0.44	0.45

Sprint LT-Debt-to-Total-Asset Calculation

Sprint's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2019 is calculated as

LT Debt to Total Assets (A: Mar. 2019 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2019 )	/	Total Assets (A: Mar. 2019 )
	=	35366	/	84601
	=	0.42

Sprint's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2019 is calculated as

LT Debt to Total Assets (Q: Dec. 2019 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2019 )	/	Total Assets (Q: Dec. 2019 )
	=	38930	/	86902
	=	0.45

Sprint (NYSE:S) 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.

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

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Sprint (Sprint) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Sprint Corp (NYSE:S) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

6200 Sprint Parkway, Overland Park, KS, USA, 66251

Website

https://www.sprint.com

A decade of operational problems has considerably diminished Sprint's position in the wireless industry. It is now the fourth- largest carrier in the United States, serving 26 million postpaid and 9 million prepaid phone customers directly and 13 million via wholesale channels. Over the past five years, the firm's share of the postpaid phone market has declined about 1 percentage point to 12%, leaving it about three fourths the size of T-Mobile U.S., the next smallest carrier. About 4% of sales come from the wireline unit, which provides phone and data services to the wireless unit and external customers. Japanese firm Softbank took a 78% stake in Sprint through the purchase of existing Sprint shares and a $5 billion equity infusion in 2013; it has since increased its stake to 85%.