PT Merdeka Battery Materials Tbk (ISX:MBMA) LT-Debt-to-Total-Asset: 0.18 (As of Mar. 2026)

What is PT Merdeka Battery Materials Tbk LT-Debt-to-Total-Asset?

PT Merdeka Battery Materials Tbk ISX:MBMA -0.40% 49 LT-Debt-to-Total-Asset is 0.18 as of Mar. 2026. GuruFocus rates ISX:MBMA with a GF Score™ of 49/100 and a GF Value™ of Rp803.13 (Significantly Undervalued). The stock has 5 warning signs investors should review.

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. PT Merdeka Battery Materials Tbk's long-term debt to total assests ratio for the quarter that ended in Mar. 2026 was 0.18.

PT Merdeka Battery Materials Tbk's long-term debt to total assets ratio declined from Mar. 2025 (0.18) to Mar. 2026 (0.18). It may suggest that PT Merdeka Battery Materials Tbk is progressively becoming less dependent on debt to grow their business.

PT Merdeka Battery Materials Tbk (ISX:MBMA) 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.

PT Merdeka Battery Materials Tbk LT-Debt-to-Total-Asset Related Terms

PT Merdeka Battery Materials Tbk LT-Debt-to-Total-Asset Historical Data

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The historical data trend for PT Merdeka Battery Materials Tbk'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.

PT Merdeka Battery Materials Tbk LT-Debt-to-Total-Asset Chart

PT Merdeka Battery Materials Tbk Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

LT-Debt-to-Total-Asset

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0.00

0.25

0.15

0.16

0.19

PT Merdeka Battery Materials Tbk Quarterly Data
	Dec19	Dec20	Dec21	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial													0.18	0.19	0.16	0.19	0.18

49GF Score

PT Merdeka Battery Materials Tbk ISX:MBMA

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PT Merdeka Battery Materials Tbk LT-Debt-to-Total-Asset Calculation

PT Merdeka Battery Materials Tbk's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2025 is calculated as

LT Debt to Total Assets (A: Dec. 2025 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2025 )	/	Total Assets (A: Dec. 2025 )
	=	11904562.215	/	62406694.879
	=	0.19

PT Merdeka Battery Materials Tbk's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2026 is calculated as

LT Debt to Total Assets (Q: Mar. 2026 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2026 )	/	Total Assets (Q: Mar. 2026 )
	=	12316443.481	/	67180416.124
	=	0.18

Frequently Asked Questions Learn more about LT-Debt-to-Total-Asset →

What does a LT-Debt-to-Total-Asset of 0.18 mean?

PT Merdeka Battery Materials Tbk (ISX:MBMA) has a LT-Debt-to-Total-Asset of 0.18 as of Mar. 2026. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on PT Merdeka Battery Materials Tbk and its competitors.

Is PT Merdeka Battery Materials Tbk's LT-Debt-to-Total-Asset too high?

PT Merdeka Battery Materials Tbk's current LT-Debt-to-Total-Asset is 0.18. Overall, PT Merdeka Battery Materials Tbk has a GF Score™ of 49/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.

How does PT Merdeka Battery Materials Tbk's LT-Debt-to-Total-Asset compare to HL and SIND?

PT Merdeka Battery Materials Tbk's LT-Debt-to-Total-Asset of 0.18 can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good LT-Debt-to-Total-Asset for a Metals & Mining company?

A good LT-Debt-to-Total-Asset depends on the Metals & Mining industry context. However, LT-Debt-to-Total-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high LT-Debt-to-Total-Asset mean?

A high LT-Debt-to-Total-Asset can signal that a stock is expensive relative to its fundamentals. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on PT Merdeka Battery Materials Tbk and its competitors. PT Merdeka Battery Materials Tbk's current LT-Debt-to-Total-Asset is 0.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is PT Merdeka Battery Materials Tbk stock overvalued right now?

Based on GuruFocus' analysis, PT Merdeka Battery Materials Tbk (ISX:MBMA) is currently considered Significantly Undervalued. The stock's GF Value™ is Rp803.13, compared to a current price of Rp494.00 — trading 38.5% below its estimated fair value. The current LT-Debt-to-Total-Asset is 0.18. PT Merdeka Battery Materials Tbk's overall GF Score™ is 49/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is LT-Debt-to-Total-Asset calculated?

LT-Debt-to-Total-Asset is calculated from a company's financial statements. For PT Merdeka Battery Materials Tbk (ISX:MBMA), the current LT-Debt-to-Total-Asset is 0.18 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is PT Merdeka Battery Materials Tbk (ISX:MBMA) Overvalued in 2026?

Based on GuruFocus' analysis, PT Merdeka Battery Materials Tbk stock appears to be undervalued. The current stock price of Rp494.00 is trading 38.5% below its estimated GF Value™ of Rp803.13. GuruFocus considers PT Merdeka Battery Materials Tbk to be Significantly Undervalued.

Key valuation signals for ISX:MBMA:

LT-Debt-to-Total-Asset: 0.18
GF Value™: Rp803.13 vs. price of Rp494.00 (38.5% below fair value)
GF Score™: 49/100 with 5 warning signs

No single metric tells the full story. See the ISX:MBMA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

PT Merdeka Battery Materials Tbk Business Description

Industry Basic Materials Metals & Mining

Comparable Companies ISX:AMMN LSE:FRES JSE:VAL HL JSE:IMP LIM:BUENAVC1 JSE:SSW TSX:TFPM TSX:CGG JSE:NPH TSXV:ARTG SHSE:600172 SHSE:600459 LSE:HOC TSX:PPTA LIM:PODERC1 SZSE:000711 SIND SAU:1322 SZSE:000506

Address Jalan Jenderal Sudirman Kav. 52-53, Treasury Tower Building, 69th Floor, District 8 SCBD Lot. 28, South Jakarta, Jakarta, IDN, 12190

Website https://www.merdekabattery.com

PT Merdeka Battery Materials Tbk is an integrated battery materials and nickel processing company focused on the electric vehicle (EV) battery value chain in Indonesia. The company engages in nickel mining, smelting, and downstream battery material processing activities. Its business operations include the SCM Mine, RKEF smelters, Nickel Matte operations, AIM Project, IKIP industrial area development, and HPAL projects. The company operates through Mining, Manufacturing, and Other segments, with the majority of revenue generated from the Manufacturing segment.

49GF Score

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Rp494.00

Price

Rp803.13

GF Value

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