MSP Recovery (STU:CN5) LT-Debt-to-Total-Asset : 0.26 (As of Sep. 2024)

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What is MSP Recovery 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. MSP Recovery's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.26.

MSP Recovery's long-term debt to total assets ratio increased from Sep. 2023 (0.20) to Sep. 2024 (0.26). It may suggest that MSP Recovery is progressively becoming more dependent on debt to grow their business.

MSP Recovery LT-Debt-to-Total-Asset Historical Data

The historical data trend for MSP Recovery'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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MSP Recovery LT-Debt-to-Total-Asset Chart

MSP Recovery Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

1.35

1.03

0.10

0.22

MSP Recovery Quarterly Data
	Dec20	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										0.20	0.22	0.23	0.25	0.26

MSP Recovery LT-Debt-to-Total-Asset Calculation

MSP Recovery'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 )
	=	622.845	/	2897.715
	=	0.21

MSP Recovery'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 )
	=	647.8	/	2511.855
	=	0.26

MSP Recovery (STU:CN5) 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.

MSP Recovery LT-Debt-to-Total-Asset Related Terms

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MSP Recovery Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » MSP Recovery Inc (STU:CN5) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

MSPR:USA

Address

2701 South Le Jeune Road, 10th Floor, Coral Gables, FL, USA, 33134

Website

https://www.msprecovery.com

MSP Recovery Inc is a healthcare recovery and data analytics company. The business model includes two principal lines of business: Claims Recovery and Chase to Pay Services. It offers an antiquated healthcare reimbursement system with data-driven solutions to secure recoveries against responsible parties. MSP Recovery provides the healthcare industry with comprehensive compliance solutions platform to recover any claims where the law places primary payment responsibility on another payer.

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