Mind Gym (LSE:MIND) LT-Debt-to-Total-Asset : 0.04 (As of Sep. 2024)

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What is Mind Gym 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. Mind Gym's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.04.

Mind Gym's long-term debt to total assets ratio declined from Sep. 2023 (0.06) to Sep. 2024 (0.04). It may suggest that Mind Gym is progressively becoming less dependent on debt to grow their business.

Mind Gym LT-Debt-to-Total-Asset Historical Data

The historical data trend for Mind Gym'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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Mind Gym LT-Debt-to-Total-Asset Chart

Mind Gym Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.11

0.06

0.04

0.05

Mind Gym Semi-Annual Data
	Mar16	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												0.08	0.05	0.06	0.05	0.04

Mind Gym LT-Debt-to-Total-Asset Calculation

Mind Gym'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 )
	=	1.038	/	22.38
	=	0.05

Mind Gym'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 )
	=	0.867	/	19.598
	=	0.04

Mind Gym (LSE:MIND) 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.

Mind Gym LT-Debt-to-Total-Asset Related Terms

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Mind Gym Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Mind Gym PLC (LSE:MIND) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

N/A

Address

160 Kensington High Street, London, GBR, W8 7RG

Website

https://www.themindgym.com

Mind Gym PLC is an international behavioural science company delivering business improvement solutions to companies across the world. The firm provides solutions like performance management, management development, reorganization, personal effectiveness, onboarding, employee engagement, and customer service. The group has two operating segments; EMEA (comprising the United Kingdom, Singapore, and the United Arab Emirates) and America (comprising the United States and Canada). It derives revenue from the provision of human capital and business improvement solutions.