Mobile Tornado Group (LSE:MBT) LT-Debt-to-Total-Asset : 3.58 (As of Jun. 2024)

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What is Mobile Tornado Group 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. Mobile Tornado Group's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 3.58.

Mobile Tornado Group's long-term debt to total assets ratio increased from Jun. 2023 (2.99) to Jun. 2024 (3.58). It may suggest that Mobile Tornado Group is progressively becoming more dependent on debt to grow their business.

Mobile Tornado Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Mobile Tornado Group'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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Mobile Tornado Group LT-Debt-to-Total-Asset Chart

Mobile Tornado Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.10

0.05

0.02

0.14

0.09

Mobile Tornado Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															2.87	0.14	2.99	0.09	3.58

Mobile Tornado Group LT-Debt-to-Total-Asset Calculation

Mobile Tornado Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	0.173	/	1.929
	=	0.09

Mobile Tornado Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	5.817	/	1.624
	=	3.58

Mobile Tornado Group (LSE:MBT) 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.

Mobile Tornado Group LT-Debt-to-Total-Asset Related Terms

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Mobile Tornado Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Mobile Tornado Group PLC (LSE:MBT) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

Beckwith Head Road, Cardale House, Cardale Court, Harrogate, North Yorkshire, GBR, HG3 1RY

Website

https://www.mobiletornado.com

Mobile Tornado Group PLC provides instant communication mobile applications serving the mobile data services market in the mobile communication industry. Its solutions include Push-To-Talk, Push-To-Locate, Push-To-Alert, and Push-To-Message. Geographically, it derives of its revenue from South America and has a presence in the UK, Europe, North America, Israel, Africa, and Asia/Pacific. The company generates revenue from License fees, Hardware and software, Professional Services, and Support and Maintenance.