Made Tech Group (LSE:MTEC) Debt-to-Asset : 0.00 (As of Nov. 2023)

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What is Made Tech Group Debt-to-Asset?

Made Tech Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was £0.05 Mil. Made Tech Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was £0.00 Mil. Made Tech Group's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Nov. 2023 was £19.98 Mil. Made Tech Group's debt to asset for the quarter that ended in Nov. 2023 was 0.00.

Made Tech Group Debt-to-Asset Historical Data

The historical data trend for Made Tech 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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Made Tech Group Debt-to-Asset Chart

Made Tech Group Annual Data

Trend

May19

May20

May21

May22

May23

Debt-to-Asset

0.32

0.19

0.41

0.02

0.01

Made Tech Group Semi-Annual Data
	May19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Debt-to-Asset	Get a 7-Day Free Trial				0.01	0.02	0.01	0.01	-

Competitive Comparison of Made Tech Group's Debt-to-Asset

For the Information Technology Services subindustry, Made Tech 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.

Made Tech Group's Debt-to-Asset Distribution in the Software Industry

For the Software industry and Technology sector, Made Tech Group's Debt-to-Asset distribution charts can be found below:

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

Made Tech Group Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Made Tech Group's Debt-to-Asset for the fiscal year that ended in May. 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
	=	(0.14	+	0)	/	20.179
	=	0.01

Made Tech Group's Debt-to-Asset for the quarter that ended in Nov. 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
	=	(0.047	+	0)	/	19.982
	=	0.00

Made Tech Group (LSE:MTEC) 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.

Made Tech Group Debt-to-Asset Related Terms

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Made Tech Group (LSE:MTEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Made Tech Group PLC (LSE:MTEC) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

5UH:Germany

Address

4 O’Meara Street, London, GBR, SE1 1TE

Website

https://www.madetech.com

Made Tech Group PLC provides digital, data and technology services to the UK public sector, that enables central government, healthcare, and local government organisations to digitally transform. Its projects include delivering and operating the Multichannel Digital Tax Platform (MDTP), which runs HMRC's Making Tax Digital services; supporting the Ministry of Justice to modernise the technology within the prison estate; and working with DVLA to digitally transform key services such as the UK provisional driving licence system.

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