MEIL (Methes Energies International) LT-Debt-to-Total-Asset: 0.17 (As of Aug. 2023)


What is Methes Energies International LT-Debt-to-Total-Asset?

Methes Energies International MEIL LT-Debt-to-Total-Asset is 0.17 as of Aug. 2023.

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. Methes Energies International's long-term debt to total assests ratio for the quarter that ended in Aug. 2023 was 0.17.

Methes Energies International's long-term debt to total assets ratio declined from May. 2015 (0.44) to Aug. 2023 (0.17). It may suggest that Methes Energies International is progressively becoming less dependent on debt to grow their business.

Methes Energies International  (OTCPK:MEIL) 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.

Methes Energies International LT-Debt-to-Total-Asset Related Terms

Methes Energies International LT-Debt-to-Total-Asset Historical Data

* Premium members only.

The historical data trend for Methes Energies International'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.

Methes Energies International LT-Debt-to-Total-Asset Chart

Methes Energies International Annual Data
Trend Nov10 Nov11 Nov12 Nov13 Nov14
LT-Debt-to-Total-Asset
0.00 0.00 0.00 0.00 0.20

Methes Energies International Quarterly Data
Aug11 Nov11 Feb12 May12 Aug12 Nov12 Feb13 May13 Aug13 Nov13 Feb14 May14 Aug14 Nov14 Feb15 May15 Aug15 Aug22 May23 Aug23
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.44 0.34 0.00 0.17 0.17

Methes Energies International LT-Debt-to-Total-Asset Calculation

Methes Energies International's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Nov. 2014 is calculated as

LT Debt to Total Assets (A: Nov. 2014 )=Long-Term Debt & Capital Lease Obligation (A: Nov. 2014 )/Total Assets (A: Nov. 2014 )
=1.837/9.003
=0.20

Methes Energies International's Long-Term Debt to Total Asset Ratio for the quarter that ended in Aug. 2023 is calculated as

LT Debt to Total Assets (Q: Aug. 2023 )=Long-Term Debt & Capital Lease Obligation (Q: Aug. 2023 )/Total Assets (Q: Aug. 2023 )
=1.207/7.078
=

* 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.

Frequently Asked Questions Learn more about LT-Debt-to-Total-Asset →
What does a LT-Debt-to-Total-Asset of 0.17 mean?
Methes Energies International (MEIL) has a LT-Debt-to-Total-Asset of 0.17 as of Aug. 2023. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Methes Energies International and its competitors.
Is Methes Energies International's LT-Debt-to-Total-Asset too high?
Methes Energies International's current LT-Debt-to-Total-Asset is 0.17.
How does Methes Energies International's LT-Debt-to-Total-Asset compare to PARG and WWSG?
Methes Energies International's LT-Debt-to-Total-Asset of 0.17 can be compared against companies in the Diversified Financial Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good LT-Debt-to-Total-Asset for a Diversified Financial Services company?
A good LT-Debt-to-Total-Asset depends on the Diversified Financial Services industry context. However, LT-Debt-to-Total-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high LT-Debt-to-Total-Asset mean?
A high LT-Debt-to-Total-Asset can signal that a stock is expensive relative to its fundamentals. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Methes Energies International and its competitors. Methes Energies International's current LT-Debt-to-Total-Asset is 0.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Methes Energies International stock overvalued right now?
Methes Energies International (MEIL) has a current LT-Debt-to-Total-Asset of 0.17. The current LT-Debt-to-Total-Asset is 0.17. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is LT-Debt-to-Total-Asset calculated?
LT-Debt-to-Total-Asset is calculated from a company's financial statements. For Methes Energies International (MEIL), the current LT-Debt-to-Total-Asset is 0.17 as of Aug. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Methes Energies International Business Description

Address 1208 Celebration Avenue, Celebration, FL, USA, 34747
Methes Energies International Ltd produces and sells a line of fully biodegradable lubricants. It has an extensive line of plant-based biodegradable fluid products to replace petroleum-based products which are Hydraulic Fluid, Engine Oil (auto and light trucks), Heavy-duty diesel oils, Small engine oils, Chainsaw Bar and Chain Oil, Transformer oils, Marine oils light and heavy.