Mayfield Group Holdings (ASX:MYG) LT-Debt-to-Total-Asset : 0.03 (As of Dec. 2024)

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What is Mayfield Group Holdings 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. Mayfield Group Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.03.

Mayfield Group Holdings's long-term debt to total assets ratio increased from Dec. 2023 (0.02) to Dec. 2024 (0.03). It may suggest that Mayfield Group Holdings is progressively becoming more dependent on debt to grow their business.

Mayfield Group Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Mayfield Group Holdings'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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Mayfield Group Holdings LT-Debt-to-Total-Asset Chart

Mayfield Group Holdings Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.16

0.17

0.06

0.04

Mayfield Group Holdings Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.15	0.06	0.02	0.04	0.03

Mayfield Group Holdings LT-Debt-to-Total-Asset Calculation

Mayfield Group Holdings'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 )
	=	2.28	/	57.35
	=	0.04

Mayfield Group Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	1.851	/	56.989
	=	0.03

Mayfield Group Holdings (ASX:MYG) 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.

Mayfield Group Holdings LT-Debt-to-Total-Asset Related Terms

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Mayfield Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Mayfield Group Holdings Ltd (ASX:MYG) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

3 Gidgie Court, Edinburgh, SA, AUS, 5111

Website

https://www.mayfieldgroup.com.au

Mayfield Group Holdings Ltd is engaged in the provision of electrical and telecommunications products and services. It also includes construction services for electrical infrastructure and maintenance services of electrical infrastructure.

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