MEKO AB (LTS:0HDJ) LT-Debt-to-Total-Asset : 0.31 (As of Dec. 2023)

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What is MEKO AB 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. MEKO AB's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.31.

MEKO AB's long-term debt to total assets ratio declined from Dec. 2022 (0.34) to Dec. 2023 (0.31). It may suggest that MEKO AB is progressively becoming less dependent on debt to grow their business.

MEKO AB LT-Debt-to-Total-Asset Historical Data

The historical data trend for MEKO AB'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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MEKO AB LT-Debt-to-Total-Asset Chart

MEKO AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.36

0.32

0.31

0.34

0.31

MEKO AB 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															0.34	0.34	0.34	0.32	0.31

MEKO AB LT-Debt-to-Total-Asset Calculation

MEKO AB'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 )
	=	4982	/	16040
	=	0.31

MEKO AB'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 )
	=	4982	/	16040
	=	0.31

MEKO AB (LTS:0HDJ) 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.

MEKO AB LT-Debt-to-Total-Asset Related Terms

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MEKO AB (LTS:0HDJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » MEKO AB (LTS:0HDJ) » Definitions » LT-Debt-to-Total-Asset

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MEKO:Sweden

Address

Solnavagen 4, 11th Floor, Box 19542, Stockholm, SWE, SE-104 32

Website

https://www.meko.com

Meko AB functions in the car aftermarket, operating car service chains, and wholesale operations. It offers spare parts and accessories to affiliated workshops, other workshops, other business-to-business customers, and car owners. The company conducts business through segments: Denmark, Finland, Poland/the Baltics, Sweden/Norway, and Sorensen og Balchen (Norway). It generates maximum revenue from Sweden/Norway. Affiliated workshops operate under the company's brands: BilXtra, MECA Car Service, Mekonomen Bilverstad, MekoPartner, and Speedy, among others.

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