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ME Group International (LSE:MEGP) LT-Debt-to-Total-Asset : 0.12 (As of Oct. 2024)


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What is ME Group International 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. ME Group International's long-term debt to total assests ratio for the quarter that ended in Oct. 2024 was 0.12.

ME Group International's long-term debt to total assets ratio declined from Oct. 2023 (0.18) to Oct. 2024 (0.12). It may suggest that ME Group International is progressively becoming less dependent on debt to grow their business.


ME Group International LT-Debt-to-Total-Asset Historical Data

The historical data trend for ME Group International'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.

* Premium members only.

ME Group International LT-Debt-to-Total-Asset Chart

ME Group International Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Oct21 Oct22 Oct23 Oct24
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.19 0.20 0.25 0.18 0.12

ME Group International Semi-Annual Data
Apr14 Oct14 Apr15 Oct15 Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.25 0.19 0.18 0.12 0.12

ME Group International LT-Debt-to-Total-Asset Calculation

ME Group International's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Oct. 2024 is calculated as

LT Debt to Total Assets (A: Oct. 2024 )=Long-Term Debt & Capital Lease Obligation (A: Oct. 2024 )/Total Assets (A: Oct. 2024 )
=35.957/312.64
=0.12

ME Group International's Long-Term Debt to Total Asset Ratio for the quarter that ended in Oct. 2024 is calculated as

LT Debt to Total Assets (Q: Oct. 2024 )=Long-Term Debt & Capital Lease Obligation (Q: Oct. 2024 )/Total Assets (Q: Oct. 2024 )
=35.957/312.64
=0.12

* 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.


ME Group International  (LSE:MEGP) 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.


ME Group International LT-Debt-to-Total-Asset Related Terms

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ME Group International Business Description

Traded in Other Exchanges
Address
Blenheim Road, Unit 3B, Epsom, London, Surrey, GBR, KT19 9AP
ME Group International PLC operates, sells and services a wide range of instant-service vending equipment, aimed at the consumer market. The group operates vending units across 20 countries and its technological innovation is focused on four principal areas namely Photobooths and integrated biometric identification solutions; Unattended laundry services and launderettes; High-quality digital printigg kiosks and Vending equipment for the food service market. Geographically, the company reports its segments and operates in UK & Republic of Ireland, Asia Pacific and Continental Europe, which is the majority revenue generator.

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