Mears Group (AQSE:MER) Debt-to-Asset : 0.38 (As of Jun. 2024)

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What is Mears Group Debt-to-Asset?

Mears Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was £51 Mil. Mears Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was £210 Mil. Mears Group's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2024 was £687 Mil. Mears Group's debt to asset for the quarter that ended in Jun. 2024 was 0.38.

Mears Group Debt-to-Asset Historical Data

The historical data trend for Mears Group'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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Mears Group Debt-to-Asset Chart

Mears Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.48

0.37

0.34

0.36

0.42

Mears Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Asset	Get a 7-Day Free Trial															0.32	0.36	0.35	0.42	0.38

Competitive Comparison of Mears Group's Debt-to-Asset

For the Personal Services subindustry, Mears Group'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.

Mears Group's Debt-to-Asset Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Mears Group's Debt-to-Asset distribution charts can be found below:

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

Mears Group Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Mears Group'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
	=	(91.191	+	199.948)	/	700.01
	=	0.42

Mears Group's Debt-to-Asset for the quarter that ended in Jun. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(51.416	+	209.634)	/	686.818
	=	0.38

Mears Group (AQSE:MER) 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.

Mears Group Debt-to-Asset Related Terms

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Mears Group Business Description

Industry

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

Comparable Companies

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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