MISTRAS Group (FRA:MIY) LT-Debt-to-Total-Asset : 0.33 (As of Dec. 2024)

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What is MISTRAS Group 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. MISTRAS Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.33.

MISTRAS Group's long-term debt to total assets ratio declined from Dec. 2023 (0.36) to Dec. 2024 (0.33). It may suggest that MISTRAS Group is progressively becoming less dependent on debt to grow their business.

MISTRAS Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for MISTRAS Group'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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MISTRAS Group LT-Debt-to-Total-Asset Chart

MISTRAS Group Annual Data

Trend

May15

May16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.38

0.34

0.36

0.33

MISTRAS Group 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															0.36	0.37	0.37	0.35	0.33

MISTRAS Group LT-Debt-to-Total-Asset Calculation

MISTRAS Group'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 )
	=	165.423	/	499.501
	=	0.33

MISTRAS Group'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 )
	=	165.423	/	499.501
	=	0.33

MISTRAS Group (FRA:MIY) 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.

MISTRAS Group LT-Debt-to-Total-Asset Related Terms

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MISTRAS Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » MISTRAS Group Inc (FRA:MIY) » Definitions » LT-Debt-to-Total-Asset

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MG:USA

Address

195 Clarksville Road, Princeton Junction, NJ, USA, 08550

Website

https://www.mistrasgroup.com

MISTRAS Group Inc provides asset protection solutions and systems. The company evaluates the structural integrity and reliability of critical energy, industrial, and public infrastructure. The company's three operating segments are North America, International and Products and Systems, of which key revenue is derived from the North America segment. Services segment provides asset protection solutions predominantly in North America, with the large amount of concentration in the United States, followed by Canada, consisting of non-destructive testing, and inspection. The asset protection solutions include field inspections, consulting, maintenance, data management, access, monitoring and laboratory quality assurance.

MISTRAS Group Headlines

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