Mears Group (LSE:MER) LT-Debt-to-Total-Asset : 0.29 (As of Dec. 2023)

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What is Mears 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. Mears Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.29.

Mears Group's long-term debt to total assets ratio declined from Dec. 2022 (0.29) to Dec. 2023 (0.29). It may suggest that Mears Group is progressively becoming less dependent on debt to grow their business.

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

The historical data trend for Mears 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.

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

Mears Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.42

0.30

0.28

0.29

Mears 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															0.28	0.26	0.29	0.28	0.29

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

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

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	199.948	/	700.01
	=	0.29

Mears 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 )
	=	199.948	/	700.01
	=	0.29

Mears Group (LSE:MER) 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.

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

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Mears Group (LSE:MER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Mears Group PLC (LSE:MER) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

MERl:UK MER:UK

Address

1390 Montpellier Court, Gloucester Business Park, Brockworth, Gloucester, GBR, GL3 4AH

Website

https://www.mearsgroup.co.uk

Mears Group PLC is a UK-based company engaged in providing social housing repairs and maintenance. It provides services consisting of full housing management solutions, provision of a range of outsourced services to the public and private sectors, repairs, and maintenance, turnkey solutions for energy efficiency, development of new homes, and home improvements.

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