Mercia Asset Management (LSE:MERC) LT-Debt-to-Total-Asset : 0.00 (As of Sep. 2024)

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What is Mercia Asset Management 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. Mercia Asset Management's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.00.

Mercia Asset Management's long-term debt to total assets ratio stayed the same from Sep. 2023 (0.00) to Sep. 2024 (0.00).

Mercia Asset Management LT-Debt-to-Total-Asset Historical Data

The historical data trend for Mercia Asset Management'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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Mercia Asset Management LT-Debt-to-Total-Asset Chart

Mercia Asset Management Annual Data

Trend

Mar15

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Mar17

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Mar24

LT-Debt-to-Total-Asset

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Mercia Asset Management 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															-	-	-	-	-

Mercia Asset Management LT-Debt-to-Total-Asset Calculation

Mercia Asset Management's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (A: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2024 )	/	Total Assets (A: Mar. 2024 )
	=	0.326	/	204.907
	=	0.00

Mercia Asset Management'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 )
	=	0.445	/	206.232
	=	0.00

Mercia Asset Management (LSE:MERC) 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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Mercia Asset Management Business Description

Industry

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

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Traded in Other Exchanges

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Address

17 High Street, Forward House, Henley-in-Arden, Warwickshire, GBR, B95 5AA

Website

https://www.mercia.co.uk

Mercia Asset Management PLC is a specialist asset manager focusing on supporting regional SMEs. The company provides capital across its four asset classes proprietary balance sheet capital, venture capital, private equity, and debt. The company initially nurtures businesses via its third-party funds under management and then, over time, provides further funding to the companies by deploying direct investment follow-on capital from its balance sheet. It has more than eight offices in the UK region, approx. 20 university partnerships and extensive personal networks, providing it with access to high-quality deal flow.