Morses Club (Morses Club) LT-Debt-to-Total-Asset : 0.19 (As of Aug. 2022)

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What is Morses Club 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. Morses Club's long-term debt to total assests ratio for the quarter that ended in Aug. 2022 was 0.19.

Morses Club's long-term debt to total assets ratio declined from Aug. 2021 (0.20) to Aug. 2022 (0.19). It may suggest that Morses Club is progressively becoming less dependent on debt to grow their business.

Morses Club LT-Debt-to-Total-Asset Historical Data

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

Morses Club Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

LT-Debt-to-Total-Asset

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0.18

0.15

0.32

0.11

0.21

Morses Club Semi-Annual Data
	Feb14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial												0.17	0.11	0.20	0.21	0.19

Morses Club LT-Debt-to-Total-Asset Calculation

Morses Club's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Feb. 2022 is calculated as

LT Debt to Total Assets (A: Feb. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Feb. 2022 )	/	Total Assets (A: Feb. 2022 )
	=	28.507	/	137.52
	=	0.21

Morses Club's Long-Term Debt to Total Asset Ratio for the quarter that ended in Aug. 2022 is calculated as

LT Debt to Total Assets (Q: Aug. 2022 )	=	Long-Term Debt & Capital Lease Obligation (Q: Aug. 2022 )	/	Total Assets (Q: Aug. 2022 )
	=	18.107	/	94.425
	=	0.19

Morses Club (OTCPK:MCLBF) 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.

Morses Club LT-Debt-to-Total-Asset Related Terms

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Morses Club (Morses Club) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Morses Club PLC (OTCPK:MCLBF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

1 Colliers Way, Building 1, The Phoenix Centre, Nottingham, GBR, NG8 6AT

Website

https://www.morsesclubplc.com

Morses Club PLC is a consumer finance company. It provides a range of loan products through a combination of traditional and online marketing channels. The group's segments comprise Home Collected Credit and Digital. The company offers small cash loans between and operates through a network of branches throughout the UK.

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