M&G (LSE:MNG) LT-Debt-to-Total-Asset : 0.05 (As of Dec. 2023)

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What is M&G 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. M&G's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.05.

M&G's long-term debt to total assets ratio increased from Dec. 2022 (0.04) to Dec. 2023 (0.05). It may suggest that M&G is progressively becoming more dependent on debt to grow their business.

M&G LT-Debt-to-Total-Asset Historical Data

The historical data trend for M&G'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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M&G LT-Debt-to-Total-Asset Chart

M&G Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.04

0.05

M&G Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial									0.04	0.04	0.04	0.04	0.05

M&G LT-Debt-to-Total-Asset Calculation

M&G's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	8476	/	189622
	=	0.04

M&G's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	8476	/	189622
	=	0.04

M&G (LSE:MNG) 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.

M&G LT-Debt-to-Total-Asset Related Terms

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M&G (LSE:MNG) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » M&G PLC (LSE:MNG) » Definitions » LT-Debt-to-Total-Asset

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MGPUF:USA MNGl:UK 7MP:Germany

Address

10 Fenchurch Avenue, London, GBR, EC3M 5AG

Website

https://www.mandgprudential.com

M&G PLC is a United Kingdom-based company engaged in the savings and investments business. It serves retail customers, who want to build and protect their life savings, and provides investment solutions. The company's reportable segments are 1) Asset Management segment which generates revenues by charging fees that are typically based on the level of assets under management. The Asset Management segment also earns investment management revenues from the proportion of Retail and Savings assets it manages, 2) Retail and Savings segment which includes M and G Wealth, Heritage business and Other Retail and Savings business which relates to the company's international savings business. and 3) Corporate Centre segment includes central corporate costs and debt costs.

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