Mips AB (FRA:7M1) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2024)

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What is Mips AB 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. Mips AB's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.01.

Mips AB's long-term debt to total assets ratio declined from Dec. 2023 (0.01) to Dec. 2024 (0.01). It may suggest that Mips AB is progressively becoming less dependent on debt to grow their business.

Mips AB LT-Debt-to-Total-Asset Historical Data

The historical data trend for Mips AB'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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Mips AB LT-Debt-to-Total-Asset Chart

Mips AB Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.02

0.01

0.02

0.01

Mips AB Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.01	0.01	0.01	0.01

Mips AB LT-Debt-to-Total-Asset Calculation

Mips AB's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	0.522	/	64.246
	=	0.01

Mips AB'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 )
	=	0.522	/	64.246
	=	0.01

Mips AB (FRA:7M1) 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.

Mips AB LT-Debt-to-Total-Asset Related Terms

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Mips AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Mips AB (FRA:7M1) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

MIPS:Sweden MIPSs:UK 0RNQ:UK

Address

Kemistvagen 1B, Taby, Stockholm, SWE, SE-183 79

Website

https://www.mipscorp.com

Mips AB manufactures and sells helmet-based safety and brain protection products in Sweden. The company sells MIPS Brain Protection System for helmet solutions in the consumer market such as bicycles, winter sports, motorcycles, horse riding, team sports, and others; and in commercial markets such as military, police, and rescue services. The main component of the Mips safety system is the Mips low friction layer, which imitates the brain's own protection system and enables a relative motion between the head and the helmet.

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