Mene (MENEF) LT-Debt-to-Total-Asset : 0.03 (As of Sep. 2024)

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What is Mene 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. Mene's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.03.

Mene's long-term debt to total assets ratio increased from Sep. 2023 (0.02) to Sep. 2024 (0.03). It may suggest that Mene is progressively becoming more dependent on debt to grow their business.

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

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

Mene Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.44

0.02

0.03

Mene Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	0.03	0.03	0.03	0.03

Mene LT-Debt-to-Total-Asset Calculation

Mene'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 )
	=	0.466	/	13.583
	=	0.03

Mene's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	0.413	/	13.445
	=	0.03

Mene (OTCPK:MENEF) 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.

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

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Mene Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Mene Inc (OTCPK:MENEF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

MENE:Canada

Address

334 Adelaide Street West, Suite 307, Toronto, ON, CAN, M5V 1R4

Website

https://www.mene.com

Mene Inc crafts pure 24-karat gold and platinum jewelry that is transparently sold by gram weight through mene.com, customers may buy jewelry, monitor the value of their collection, and sell or exchange their pieces by gram weight at prevailing market prices. The company retails its jewelry by gram weight direct-to-consumer through an online shopping experience.

Mene Headlines

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