Marshall Monteagle (JSE:MMP) LT-Debt-to-Total-Asset : 0.05 (As of Sep. 2023)

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What is Marshall Monteagle 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. Marshall Monteagle's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.05.

Marshall Monteagle's long-term debt to total assets ratio declined from Sep. 2022 (0.06) to Sep. 2023 (0.05). It may suggest that Marshall Monteagle is progressively becoming less dependent on debt to grow their business.

Marshall Monteagle LT-Debt-to-Total-Asset Historical Data

The historical data trend for Marshall Monteagle'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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Marshall Monteagle LT-Debt-to-Total-Asset Chart

Marshall Monteagle Annual Data

Trend

Sep12

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Mar23

LT-Debt-to-Total-Asset

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0.08

0.07

0.05

Marshall Monteagle Semi-Annual Data
	Mar13	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep22	Mar23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.05	-	0.06	0.05	0.05

Marshall Monteagle LT-Debt-to-Total-Asset Calculation

Marshall Monteagle'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 )
	=	117.336	/	2394.587
	=	0.05

Marshall Monteagle'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 )
	=	121.21	/	2450.103
	=	0.05

Marshall Monteagle (JSE:MMP) 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.

Marshall Monteagle LT-Debt-to-Total-Asset Related Terms

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Marshall Monteagle (JSE:MMP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Marshall Monteagle PLC (JSE:MMP) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

66-72 Esplanade, 2nd Floor, Gaspe House, Saint Helier, JEY, JE1 1GH

Website

https://www.monteaglegroup.com

Marshall Monteagle PLC operates trading businesses involved in the importation and distribution of hand tools, machinery and non-perishable food products, coffee roasting, importing and exporting and trading in metals and minerals. It is also involved in the property business. The company generates the majority of its revenue from the Import and distribution segment, which is engaged in Trade in non-perishable products, such as food, food ingredients, household consumer products, metal and minerals, manufacturing inputs, and tools; primarily imports to South Africa and Latin America, and exports from South Africa.