Sun Pacific Holding Debt-to-Assets Ratio Growth & History (SNPW)

Sun Pacific Holding's debt-to-assets ratio was 0.55 for fiscal 2022.

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Sun Pacific Holding annual debt-to-assets ratio history

Sun Pacific Holding annual debt-to-assets ratio

Fiscal yearPeriod endedDebt-to-assets ratioChangeGrowth
20222022-12-310.550.21+61.62%
20212021-12-310.340.14+66.12%
20202020-12-310.21−0.96−82.22%
20192019-12-311.16−2.87−71.18%
20182018-12-314.032.44+153.92%
20172017-12-311.591.56+5224.50%
2016 · Dec 312016-12-310.03
2016 · Sep 302016-09-300.02−0.11−83.08%
20152015-09-300.13

Sun Pacific Holding debt-to-assets ratio trends

Over the last five fiscal years, Sun Pacific Holding's debt-to-assets ratio decreased from 1.59 to 0.55, a change of −1.03. The latest reported quarter, Q4 2022, shows 0.55.

About the metric

What the debt-to-assets ratio means

The debt-to-assets ratio shows the portion of a company’s reported assets financed with interest-bearing debt. It is a leverage measure and should not be confused with total liabilities divided by assets.

Calculation and source

How debt-to-assets is calculated

TickerStat calculates debt-to-assets as total interest-bearing debt divided by total assets at the same reporting-period end. Periods with missing debt or non-positive assets are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.

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