Maksons Spinning Mills (DHA:MAKSONSPIN) LT-Debt-to-Total-Asset : 0.09 (As of Jun. 2024)

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What is Maksons Spinning Mills 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. Maksons Spinning Mills's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.09.

Maksons Spinning Mills's long-term debt to total assets ratio increased from Jun. 2023 (0.09) to Jun. 2024 (0.09). It may suggest that Maksons Spinning Mills is progressively becoming more dependent on debt to grow their business.

Maksons Spinning Mills LT-Debt-to-Total-Asset Historical Data

The historical data trend for Maksons Spinning Mills'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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Maksons Spinning Mills LT-Debt-to-Total-Asset Chart

Maksons Spinning Mills Annual Data

Trend

Sep14

Sep15

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.11

0.08

0.09

Maksons Spinning Mills Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.09	0.09	0.08	0.08	0.09

Maksons Spinning Mills LT-Debt-to-Total-Asset Calculation

Maksons Spinning Mills'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 )
	=	991.519	/	11113.82
	=	0.09

Maksons Spinning Mills'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 )
	=	991.519	/	11113.82
	=	0.09

Maksons Spinning Mills (DHA:MAKSONSPIN) 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.

Maksons Spinning Mills LT-Debt-to-Total-Asset Related Terms

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Maksons Spinning Mills Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Maksons Spinning Mills PLC (DHA:MAKSONSPIN) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

House No. 17, Road No. 6, Sector No. 1, Uttara Model Town, Dhaka, BGD, 1230

Website

http://www.maksonsgroup.com.bd

Maksons Spinning Mills PLC is a Bangladesh-based company in the production and sale of cotton yarn and also it offers cotton combed and carded yarn to the export-oriented readymade garments and knitting industries. The company's specialties are following Carded Yarn, Organic Yarn (Carded, Combed, Slub, Grey melange), Combed Yarn, Slub Yarn, BCI Yarn, Compact Combed Yarn, Grey Melange Yarn, and slub yarn.

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