MOG Digitech Holdings (HKSE:01942) LT-Debt-to-Total-Asset : 0.02 (As of Sep. 2022)

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What is MOG Digitech 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. MOG Digitech Holdings's long-term debt to total assests ratio for the quarter that ended in Sep. 2022 was 0.02.

MOG Digitech Holdings's long-term debt to total assets ratio declined from Sep. 2021 (0.04) to Sep. 2022 (0.02). It may suggest that MOG Digitech Holdings is progressively becoming less dependent on debt to grow their business.

MOG Digitech Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for MOG Digitech 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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MOG Digitech Holdings LT-Debt-to-Total-Asset Chart

MOG Digitech Holdings Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

LT-Debt-to-Total-Asset

0.11

0.09

0.07

0.05

MOG Digitech Holdings Semi-Annual Data
	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial						0.05	0.05	0.04	0.02	0.02

MOG Digitech Holdings LT-Debt-to-Total-Asset Calculation

MOG Digitech Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2021 is calculated as

LT Debt to Total Assets (A: Mar. 2021 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2021 )	/	Total Assets (A: Mar. 2021 )
	=	14.663	/	312.17
	=	0.05

MOG Digitech Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2022 is calculated as

LT Debt to Total Assets (Q: Sep. 2022 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2022 )	/	Total Assets (Q: Sep. 2022 )
	=	13.159	/	650.144
	=	0.02

MOG Digitech Holdings (HKSE:01942) 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.

MOG Digitech Holdings LT-Debt-to-Total-Asset Related Terms

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MOG Digitech Holdings (HKSE:01942) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » MOG Digitech Holdings Ltd (HKSE:01942) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8655, 9 Shihua East Road, 84 Western Style Villa, Guangdong, Zhuhai, CHN, 519015

Website

https://www.mogglobal.com

MOG Digitech Holdings Ltd is an investment holding company. It offers a wide range of optical products including lenses, frames, contact lenses, and sunglasses from international brands. Its operating segment includes Digital retail payment solutions hardware trading business, Sales of optical products, Franchise and license management, E-commerce, and Financing services. The company generates the majority of its revenue from the Digital retail payment solutions hardware trading business.

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