Sparta Capital (TSXV:SAY) LT-Debt-to-Total-Asset : 0.18 (As of Dec. 2023)

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What is Sparta Capital 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. Sparta Capital's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.18.

Sparta Capital's long-term debt to total assets ratio declined from Dec. 2022 (0.20) to Dec. 2023 (0.18). It may suggest that Sparta Capital is progressively becoming less dependent on debt to grow their business.

Sparta Capital LT-Debt-to-Total-Asset Historical Data

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

Sparta Capital Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

LT-Debt-to-Total-Asset

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0.12

0.26

0.21

0.23

0.22

Sparta Capital Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.20	0.17	0.21	0.22	0.18

Sparta Capital LT-Debt-to-Total-Asset Calculation

Sparta Capital's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (A: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2023 )	/	Total Assets (A: Sep. 2023 )
	=	0.405	/	1.842
	=	0.22

Sparta Capital'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 )
	=	0.577	/	3.252
	=	0.18

Sparta Capital (TSXV:SAY) 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.

Sparta Capital LT-Debt-to-Total-Asset Related Terms

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Sparta Capital (TSXV:SAY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sparta Capital Ltd (TSXV:SAY) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

SCAXF:USA

Address

390 Bay Street, Suite 1200, Toronto, ON, CAN, M5H 2Y2

Website

https://www.spartagroup.ca

Sparta Capital Ltd is a Canada-based company focused on product development, manufacturing, distribution, sales, and service across a range of complementary products. The company's business segments include Illumineris; Re-Eco and Sparta. It generates maximum revenue from the Re-Eco Electronic segment.

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