Mangels Industrial (BSP:MGEL4) LT-Debt-to-Total-Asset : 0.66 (As of Dec. 2023)

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What is Mangels Industrial 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. Mangels Industrial's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.66.

Mangels Industrial's long-term debt to total assets ratio declined from Dec. 2022 (0.78) to Dec. 2023 (0.66). It may suggest that Mangels Industrial is progressively becoming less dependent on debt to grow their business.

Mangels Industrial LT-Debt-to-Total-Asset Historical Data

The historical data trend for Mangels Industrial'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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Mangels Industrial LT-Debt-to-Total-Asset Chart

Mangels Industrial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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1.76

1.78

1.18

0.78

0.66

Mangels Industrial Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.78	0.75	0.63	0.62	0.66

Mangels Industrial LT-Debt-to-Total-Asset Calculation

Mangels Industrial's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	489.834	/	741.833
	=	0.66

Mangels Industrial'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 )
	=	489.834	/	741.833
	=	0.66

Mangels Industrial (BSP:MGEL4) 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.

Mangels Industrial LT-Debt-to-Total-Asset Related Terms

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Mangels Industrial (BSP:MGEL4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Mangels Industrial SA (BSP:MGEL4) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

Rua Verbo Divino 1488, 6º andar, Cj.61A e 64D, Chácara Santo, Antonio, Sao Paulo, SP, BRA, 04719904

Website

http://www.mangels.com.br

Mangels Industrial SA produces, markets, sells and distributes steel and related products. It operates in four segments, Steel, Wheel, Cylinder and Galvanizing. It supplies wheels to the car industry, motorcycles, trucks, buses, appliances, and gas companies; liquefied petroleum gas cylinders; air tanks for heavy vehicles, agricultural machinery, and air compressors; rear axles for light vehicles; and rolls, blanks, and sheets of low carbon and high strength steel for use in motorcycles, electronics and accessories, and hardware components.

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