Minerva (Minerva) Debt-to-Asset : 0.76 (As of Dec. 2023)

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What is Minerva Debt-to-Asset?

Minerva's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $777 Mil. Minerva's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3,629 Mil. Minerva's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was $5,836 Mil. Minerva's debt to asset for the quarter that ended in Dec. 2023 was 0.75.

Minerva Debt-to-Asset Historical Data

The historical data trend for Minerva'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.

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Minerva Debt-to-Asset Chart

Minerva Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.80

0.69

0.67

0.65

0.76

Minerva Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial															0.65	0.70	0.70	0.75	0.76

Competitive Comparison of Minerva's Debt-to-Asset

For the Farm Products subindustry, Minerva'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.

Minerva's Debt-to-Asset Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Minerva's Debt-to-Asset distribution charts can be found below:

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

Minerva Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Minerva's Debt-to-Asset for the fiscal year 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
	=	(776.569	+	3628.683)	/	5835.78
	=	0.75

Minerva'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
	=	(776.569	+	3628.683)	/	5835.78
	=	0.75

Minerva (OTCPK:MRVSY) 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.

Minerva Debt-to-Asset Related Terms

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Minerva (Minerva) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Minerva SA (OTCPK:MRVSY) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

BEEF3:Brazil

Address

Avenida Antonio Manco Bernardes s/n, Chacara Minerva, Barretos, SP, BRA, 14781-545

Website

https://www.minervafoods.com

Minerva SA produces and markets beef and other meat products out of South America. It exports processed meat products, leather, and live cattle internationally. Partnerships with ranchers are enhanced by ideas and information exchange through lectures and training. It has several different facilities to help with processing. Slaughtering and boning plants acquire the livestock and kick-start the process. A processing plant works on turning raw materials into finished products, and distribution centers are located around the globe to ensure quality and timely deliveries. International trading offices are strategically placed to help strengthen relationships in different regions.