MJC Investments (PHS:MJIC) LT-Debt-to-Total-Asset : 0.23 (As of Sep. 2022)

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What is MJC Investments 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. MJC Investments's long-term debt to total assests ratio for the quarter that ended in Sep. 2022 was 0.23.

MJC Investments's long-term debt to total assets ratio declined from Sep. 2021 (0.42) to Sep. 2022 (0.23). It may suggest that MJC Investments is progressively becoming less dependent on debt to grow their business.

MJC Investments LT-Debt-to-Total-Asset Historical Data

The historical data trend for MJC Investments'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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MJC Investments LT-Debt-to-Total-Asset Chart

MJC Investments Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

LT-Debt-to-Total-Asset

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0.40

0.31

0.35

0.38

0.46

MJC Investments Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.42	0.46	0.44	0.42	0.23

MJC Investments LT-Debt-to-Total-Asset Calculation

MJC Investments's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2021 is calculated as

LT Debt to Total Assets (A: Dec. 2021 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2021 )	/	Total Assets (A: Dec. 2021 )
	=	2289.958	/	4995.096
	=	0.46

MJC Investments's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2022 is calculated as

LT Debt to Total Assets (Q: Sep. 2022 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2022 )	/	Total Assets (Q: Sep. 2022 )
	=	1976.529	/	8498.01
	=	0.23

MJC Investments (PHS:MJIC) 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.

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MJC Investments (PHS:MJIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » MJC Investments Corp (PHS:MJIC) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

MJC Drive, Winford Hotel and Casino, Santa Cruz, Manila, LAG, PHL, 1014

Website

http://www.mjcinvestmentscorp.com

MJC Investments Corp is an investment holding company focusing on the tourism and entertainment industry. The company develops, owns, and operates real estate for residential, commercial, leisure and gaming purposes.

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