Miricor Enterprises Holdings (HKSE:01827) LT-Debt-to-Total-Asset : 0.12 (As of Sep. 2023)

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What is Miricor Enterprises Holdings 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. Miricor Enterprises Holdings's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.12.

Miricor Enterprises Holdings's long-term debt to total assets ratio declined from Sep. 2022 (0.15) to Sep. 2023 (0.12). It may suggest that Miricor Enterprises Holdings is progressively becoming less dependent on debt to grow their business.

Miricor Enterprises Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Miricor Enterprises Holdings'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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Miricor Enterprises Holdings LT-Debt-to-Total-Asset Chart

Miricor Enterprises Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

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0.09

0.07

0.19

0.13

Miricor Enterprises Holdings Semi-Annual Data
	Mar15	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												0.17	0.19	0.15	0.13	0.12

Miricor Enterprises Holdings LT-Debt-to-Total-Asset Calculation

Miricor Enterprises Holdings'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 )
	=	66.639	/	516.811
	=	0.13

Miricor Enterprises Holdings'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 )
	=	62.088	/	513.039
	=	0.12

Miricor Enterprises Holdings (HKSE:01827) 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.

Miricor Enterprises Holdings LT-Debt-to-Total-Asset Related Terms

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Miricor Enterprises Holdings (HKSE:01827) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Miricor Enterprises Holdings Ltd (HKSE:01827) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

88 Connaught Road Central, 18th Floor, Nan Fung Tower, Central, Hong Kong, HKG

Website

http://www.miricor.com

Miricor Enterprises Holdings Ltd is an investment holding company. The company is engaged in the provision of medical aesthetic services and the sale of skin care products. The company's only operating segment is the non-surgical medical aesthetic services and is principally engaged in the provision of medical aesthetic services and the sale of skin care products in Hong Kong and Mainland China. Geographically, it operates and derives revenue from Hong Kong.

Executives

Meitu, Inc.	2101 Beneficial owner
Sunny Bright Group Holdings Limited	2101 Beneficial owner
Lai Ka Yee Gigi	2201 Interest of corporation controlled by you
Ma Ting Keung Patrick	2201 Interest of corporation controlled by you

Miricor Enterprises Holdings (HKSE:01827) Headlines

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