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Montrose Environmental Group LT-Debt-to-Total-Asset

: 0.28 (As of Dec. 2020)
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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. Montrose Environmental Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2020 was 0.28.

Montrose Environmental Group's long-term debt to total assets ratio declined from Dec. 2019 (0.44) to Dec. 2020 (0.28). It may suggest that Montrose Environmental Group is progressively becoming less dependent on debt to grow their business.


Montrose Environmental Group LT-Debt-to-Total-Asset Historical Data

* 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.

* Premium members only.

Montrose Environmental Group Annual Data
Dec18 Dec19 Dec20
LT-Debt-to-Total-Asset 0.30 0.44 0.28

Montrose Environmental Group Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20
LT-Debt-to-Total-Asset Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.44 0.49 0.32 0.29 0.28

Montrose Environmental Group LT-Debt-to-Total-Asset Calculation

Montrose Environmental Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2020 is calculated as

LT Debt to Total Assets (A: Dec. 2020 )=Long-Term Debt & Capital Lease Obligation (A: Dec. 2020 )/Total Assets (A: Dec. 2020 )
=170.321/602.726
=0.28

Montrose Environmental Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2020 is calculated as

LT Debt to Total Assets (Q: Dec. 2020 )=Long-Term Debt & Capital Lease Obligation (Q: Dec. 2020 )/Total Assets (Q: Dec. 2020 )
=170.321/602.726
=0.28

* 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.


Montrose Environmental Group  (NYSE:MEG) 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.


Montrose Environmental Group LT-Debt-to-Total-Asset Related Terms


Montrose Environmental Group LT-Debt-to-Total-Asset Headlines

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