Microequities Asset Management Group (ASX:MAM) LT-Debt-to-Total-Asset : 0.15 (As of Jun. 2024)

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What is Microequities Asset Management Group 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. Microequities Asset Management Group's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.15.

Microequities Asset Management Group's long-term debt to total assets ratio increased from Jun. 2023 (0.02) to Jun. 2024 (0.15). It may suggest that Microequities Asset Management Group is progressively becoming more dependent on debt to grow their business.

Microequities Asset Management Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Microequities Asset Management Group'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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Microequities Asset Management Group LT-Debt-to-Total-Asset Chart

Microequities Asset Management Group Annual Data

Trend

Dec17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.02

0.15

Microequities Asset Management Group Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial								-	0.02	0.02	0.01	0.15

Microequities Asset Management Group LT-Debt-to-Total-Asset Calculation

Microequities Asset Management Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (A: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2024 )	/	Total Assets (A: Jun. 2024 )
	=	4.218	/	28.444
	=	0.15

Microequities Asset Management Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	4.218	/	28.444
	=	0.15

Microequities Asset Management Group (ASX:MAM) 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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Microequities Asset Management Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Microequities Asset Management Group Ltd (ASX:MAM) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

1 Farrer Place, Suite 3105, Level 31, Governor Macquarie Tower, Sydney, NSW, AUS, 2000

Website

https://www.microequities.com.au

Microequities Asset Management Group Ltd is an asset management firm. It is a boutique value driven Fund manager specialised in exchange listed industrial microcap and small cap companies.

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