MusicMagpie (LSE:MMAG) LT-Debt-to-Total-Asset : 0.52 (As of Nov. 2023)

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What is MusicMagpie 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. MusicMagpie's long-term debt to total assests ratio for the quarter that ended in Nov. 2023 was 0.52.

MusicMagpie's long-term debt to total assets ratio increased from Nov. 2022 (0.38) to Nov. 2023 (0.52). It may suggest that MusicMagpie is progressively becoming more dependent on debt to grow their business.

MusicMagpie LT-Debt-to-Total-Asset Historical Data

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

MusicMagpie Annual Data

Trend

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

LT-Debt-to-Total-Asset

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0.66

0.21

0.07

0.38

0.52

MusicMagpie Semi-Annual Data
	Nov18	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial					0.07	0.28	0.38	0.46	0.52

MusicMagpie LT-Debt-to-Total-Asset Calculation

MusicMagpie's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Nov. 2023 is calculated as

LT Debt to Total Assets (A: Nov. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Nov. 2023 )	/	Total Assets (A: Nov. 2023 )
	=	23.078	/	44.725
	=	0.52

MusicMagpie's Long-Term Debt to Total Asset Ratio for the quarter that ended in Nov. 2023 is calculated as

LT Debt to Total Assets (Q: Nov. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Nov. 2023 )	/	Total Assets (Q: Nov. 2023 )
	=	23.078	/	44.725
	=	0.52

MusicMagpie (LSE:MMAG) 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.

MusicMagpie LT-Debt-to-Total-Asset Related Terms

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MusicMagpie (LSE:MMAG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » MusicMagpie PLC (LSE:MMAG) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Railway Road, One Stockport Exchange, First Floor, Stockport, Cheshire, GBR, SK1 3SW

Website

https://www.musicmagpieplc.com

MusicMagpie PLC is a leader in e-commerce in the UK and US in the circular economy of consumer technology such as smartphones, tablets, consoles and personal computers, books and disc media including CDs, DVDs and video games. The company's segment includes Technology; Media and Books. It generates maximum revenue from the Technology segment.

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