Matrix Composites & Engineering (ASX:MCE) LT-Debt-to-Total-Asset : 0.49 (As of Dec. 2023)

View and export this data going back to 2009. Start your Free Trial

What is Matrix Composites & Engineering 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. Matrix Composites & Engineering's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.49.

Matrix Composites & Engineering's long-term debt to total assets ratio declined from Dec. 2022 (0.58) to Dec. 2023 (0.49). It may suggest that Matrix Composites & Engineering is progressively becoming less dependent on debt to grow their business.

Matrix Composites & Engineering LT-Debt-to-Total-Asset Historical Data

The historical data trend for Matrix Composites & Engineering'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.

* Premium members only.

Matrix Composites & Engineering LT-Debt-to-Total-Asset Chart

Matrix Composites & Engineering Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.45

0.74

0.80

0.44

Matrix Composites & Engineering Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.72	0.80	0.58	0.44	0.49

Matrix Composites & Engineering LT-Debt-to-Total-Asset Calculation

Matrix Composites & Engineering's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	34.757	/	79.887
	=	0.44

Matrix Composites & Engineering's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	39.517	/	81.337
	=	0.49

Matrix Composites & Engineering (ASX:MCE) 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.

Matrix Composites & Engineering LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Matrix Composites & Engineering's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Matrix Composites & Engineering (ASX:MCE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Matrix Composites & Engineering Ltd (ASX:MCE) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

8ME:Germany

Address

150 Quill Way, Henderson, Perth, WA, AUS, 6166

Website

https://www.matrixengineered.com

Matrix Composites & Engineering Ltd is a manufacturer of engineered products and service for the offshore oil and gas, civil and infrastructure, and defence industry. The group is also involved in the businesses of manufacturing and supplying capital drilling equipment, consisting of syntactic foam buoyancy; manufacture and supply of subsea umbilical risers and flowline (SURF) ancillary equipment and associated services; and manufacture and supply of well construction products, including centralizers and conductors. Its products consist of buoyancy systems, epoxy resin systems, energy absorption systems, reinforced thermoplastics and others. It operates in Australia and internationally.

Matrix Composites & Engineering (ASX:MCE) Headlines

No Headlines