Majedie Investments (LSE:MAJE) LT-Debt-to-Total-Asset : 0.12 (As of Sep. 2024)

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What is Majedie Investments 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. Majedie Investments's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.12.

Majedie Investments's long-term debt to total assets ratio declined from Sep. 2023 (0.14) to Sep. 2024 (0.12). It may suggest that Majedie Investments is progressively becoming less dependent on debt to grow their business.

Majedie Investments LT-Debt-to-Total-Asset Historical Data

The historical data trend for Majedie Investments'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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Majedie Investments LT-Debt-to-Total-Asset Chart

Majedie Investments Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

LT-Debt-to-Total-Asset

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0.14

0.12

0.15

0.14

0.12

Majedie Investments Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.15	-	0.14	0.13	0.12

Majedie Investments LT-Debt-to-Total-Asset Calculation

Majedie Investments's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (A: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2024 )	/	Total Assets (A: Sep. 2024 )
	=	20.684	/	172.998
	=	0.12

Majedie Investments's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	20.684	/	172.998
	=	0.12

Majedie Investments (LSE:MAJE) 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.

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Majedie Investments Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Majedie Investments PLC (LSE:MAJE) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

69 Old Broad Street, Dashwood House, London, GBR, EC2R 7AF

Website

https://www.majedieinvestments.com

Majedie Investments PLC is an investment trust company. The company invests principally in securities of publicly quoted companies globally as well as in unquoted securities. To manage risk, the company focuses on the analysis of economies sector trends and sectors to deliver growth over the long term. The company may utilize derivative instruments including index-linked notes, contracts for difference, covered options and other equity-related derivative instruments for efficient portfolio management and investment purposes. Its revenue mainly comprises of interest and dividend income from investment made.

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