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.

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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

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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															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

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

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ME Group International PLC (LSE:MEGP) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

MEGPl:UK PHTM.GB:UK PHQ:Germany

Address

Blenheim Road, Unit 3B, Epsom, London, Surrey, GBR, KT19 9AP

Website

https://www.me-group.com

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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