MEGL (Magic Empire Global) Debt-to-Asset : 0.01 (As of Jun. 2024)

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What is Magic Empire Global Debt-to-Asset?

Magic Empire Global's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $0.10 Mil. Magic Empire Global's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $0.00 Mil. Magic Empire Global's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2024 was $17.49 Mil. Magic Empire Global's debt to asset for the quarter that ended in Jun. 2024 was 0.01.

Magic Empire Global Debt-to-Asset Historical Data

The historical data trend for Magic Empire Global'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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Magic Empire Global Debt-to-Asset Chart

Magic Empire Global Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

0.15

0.21

0.03

0.01

Magic Empire Global Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Asset	Get a 7-Day Free Trial			0.23	0.03	0.02	0.01	0.01

Competitive Comparison of Magic Empire Global's Debt-to-Asset

For the Capital Markets subindustry, Magic Empire Global'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.

Magic Empire Global's Debt-to-Asset Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Magic Empire Global's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Magic Empire Global's Debt-to-Asset falls into.

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Magic Empire Global Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Magic Empire Global'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
	=	(0.224	+	0)	/	17.703
	=	0.01

Magic Empire Global'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
	=	(0.097	+	0)	/	17.488
	=	0.01

Magic Empire Global (NAS:MEGL) 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.

Magic Empire Global Debt-to-Asset Related Terms

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Magic Empire Global Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Magic Empire Global Ltd (NAS:MEGL) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

3rd Floor, 8 Wyndham Street, Central, Hong Kong, HKG

Website

https://www.meglmagic.com

Magic Empire Global Ltd is a financial services provider in Hong Kong which principally engage in the provision of corporate finance advisory services and underwriting services. The companys offerings mainly comprise of IPO sponsorship services, Financial advisory and independent financial advisory services, Compliance advisory services, Underwriting services, Corporate service.