Mei Ah Entertainment Group (HKSE:00391) LT-Debt-to-Total-Asset : 0.27 (As of Sep. 2023)

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What is Mei Ah Entertainment 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. Mei Ah Entertainment Group's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.27.

Mei Ah Entertainment Group's long-term debt to total assets ratio increased from Sep. 2022 (0.26) to Sep. 2023 (0.27). It may suggest that Mei Ah Entertainment Group is progressively becoming more dependent on debt to grow their business.

Mei Ah Entertainment Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Mei Ah Entertainment 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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Mei Ah Entertainment Group LT-Debt-to-Total-Asset Chart

Mei Ah Entertainment Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

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0.05

0.20

0.24

0.26

0.28

Mei Ah Entertainment Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.25	0.26	0.26	0.28	0.27

Mei Ah Entertainment Group LT-Debt-to-Total-Asset Calculation

Mei Ah Entertainment Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (A: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2023 )	/	Total Assets (A: Mar. 2023 )
	=	189.244	/	688.1
	=	0.28

Mei Ah Entertainment Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	178.099	/	664.991
	=	0.27

Mei Ah Entertainment Group (HKSE:00391) 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.

Mei Ah Entertainment Group LT-Debt-to-Total-Asset Related Terms

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Mei Ah Entertainment Group (HKSE:00391) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Mei Ah Entertainment Group Ltd (HKSE:00391) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

28 Chun Choi Street, 5th Floor, Mei Ah Centre, Kowloon, Tseung Kwan O Industrial Estate, Hong Kong, HKG

Website

https://www.meiah.com

Mei Ah Entertainment Group Ltd is an investment holding company. The company's operating segment includes Channel operations; Film exhibition and film rights licensing and sub-licensing; Cinema operations; Concert performance and events organization; Applications and video online; Property investment and Others. The company generates maximum revenue from the Channel operations segment.

Executives

Li Kuo Hsing	2101 Beneficial owner
Li Guo Lin	2201 Interest of corporation controlled by you

Mei Ah Entertainment Group (HKSE:00391) Headlines

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