Metarock Group (ASX:MYE) LT-Debt-to-Total-Asset : 0.09 (As of Dec. 2023)

View and export this data going back to 2010. Start your Free Trial

What is Metarock Group 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. Metarock Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.09.

Metarock Group's long-term debt to total assets ratio declined from Dec. 2022 (0.13) to Dec. 2023 (0.09). It may suggest that Metarock Group is progressively becoming less dependent on debt to grow their business.

Metarock Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Metarock Group'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.

* Premium members only.

Metarock Group LT-Debt-to-Total-Asset Chart

Metarock Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.07

0.06

0.11

Metarock Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.15	0.11	0.13	0.11	0.09

Metarock Group LT-Debt-to-Total-Asset Calculation

Metarock Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	24.098	/	226.955
	=	0.11

Metarock Group'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 )
	=	16.973	/	186.282
	=	0.09

Metarock Group (ASX:MYE) 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.

Metarock Group LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Metarock Group's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Metarock Group (ASX:MYE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Metarock Group Ltd (ASX:MYE) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

024:Germany

Address

45 River Street, P.O. Box 1671, Level 1, Riverside Plaza, Mackay, QLD, AUS, 4740

Website

https://www.mastermyne.com.au

Metarock Group Ltd provides contracting services to underground longwall mining operations and industrial products and services in the coalfields and supporting industries of Queensland and New South Wales. It provides a full range of services and equipment to the coal mining industry that includes: Roadway development; Conveyors; Longwall relocations and others. The company's segment includes Mastermyne and PYBAR. It generates maximum revenue from the Mastermyne segment.