Mincon Group (LSE:MCON) Debt-to-Asset : 0.18 (As of Dec. 2023)

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What is Mincon Group Debt-to-Asset?

Mincon Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £12.1 Mil. Mincon Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £22.4 Mil. Mincon Group's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was £189.1 Mil. Mincon Group's debt to asset for the quarter that ended in Dec. 2023 was 0.18.

Mincon Group Debt-to-Asset Historical Data

The historical data trend for Mincon 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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Mincon Group Debt-to-Asset Chart

Mincon Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.09

0.12

0.17

0.19

0.18

Mincon Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial															0.17	0.17	0.19	0.19	0.18

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

For the Tools & Accessories subindustry, Mincon 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.

Mincon Group's Debt-to-Asset Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Mincon Group's Debt-to-Asset distribution charts can be found below:

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

Mincon Group Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Mincon 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
	=	(12.13	+	22.427)	/	189.097
	=	0.18

Mincon Group's Debt-to-Asset for the quarter 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
	=	(12.13	+	22.427)	/	189.097
	=	0.18

Mincon Group (LSE:MCON) 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.

Mincon Group Debt-to-Asset Related Terms

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Mincon Group (LSE:MCON) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mincon Group PLC (LSE:MCON) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

MIO:Ireland MIO:Germany

Address

Smithstown Industrial Estate, County Clare, Shannon, IRL

Website

https://www.mincon.com

Mincon Group PLC is an Irish engineering company. The company is engaged in the designing, manufacturing, selling and servicing of rock drilling tools and associated products. It provides after sales support and service to customers through its network of sales and distribution companies in international markets. Most of the revenue is derived from the sale of drilling equipment and other products that are manufactured by its manufacturing sites. Geographically, it derives maximum revenue from Europe, Middle East, Africa and has a presence in Ireland, America, and Australasia.

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