MIC Electronics (BOM:532850) LT-Debt-to-Total-Asset : 0.04 (As of Sep. 2024)

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What is MIC Electronics 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. MIC Electronics's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.04.

MIC Electronics's long-term debt to total assets ratio increased from Sep. 2023 (0.02) to Sep. 2024 (0.04). It may suggest that MIC Electronics is progressively becoming more dependent on debt to grow their business.

MIC Electronics LT-Debt-to-Total-Asset Historical Data

The historical data trend for MIC Electronics'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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MIC Electronics LT-Debt-to-Total-Asset Chart

MIC Electronics Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.40

0.03

MIC Electronics Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	-	-	-	0.04

MIC Electronics LT-Debt-to-Total-Asset Calculation

MIC Electronics's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (A: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2024 )	/	Total Assets (A: Mar. 2024 )
	=	1.552	/	1407.59
	=	0.00

MIC Electronics's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	115.75	/	2836.576
	=	0.04

MIC Electronics (BOM:532850) 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.

MIC Electronics LT-Debt-to-Total-Asset Related Terms

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MIC Electronics Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » MIC Electronics Ltd (BOM:532850) » Definitions » LT-Debt-to-Total-Asset

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MICEL:India

Address

Plot No. 192/B, Phase-II, IDA, Cherlapally, Rangareddi, Hyderabad, TG, IND, 500051

Website

https://www.mic.co.in

MIC Electronics Ltd designs, develops, and manufactures light-emitting diode (LED) video displays, and other electronic components. The operating segments of the group are LED products; Medical appliances and E Vehicles. Its products include LED lighting, LED displays, Oxygen concentrators, and Batteries. The company predominantly operates in India.

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