Megacable HoldingsB de CV (MEX:MEGACPO) LT-Debt-to-Total-Asset : 0.27 (As of Mar. 2024)

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What is Megacable HoldingsB de CV 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. Megacable HoldingsB de CV's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.27.

Megacable HoldingsB de CV's long-term debt to total assets ratio increased from Mar. 2023 (0.18) to Mar. 2024 (0.27). It may suggest that Megacable HoldingsB de CV is progressively becoming more dependent on debt to grow their business.

Megacable HoldingsB de CV LT-Debt-to-Total-Asset Historical Data

The historical data trend for Megacable HoldingsB de CV'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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Megacable HoldingsB de CV LT-Debt-to-Total-Asset Chart

Megacable HoldingsB de CV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.16

0.13

0.07

0.18

0.23

Megacable HoldingsB de CV Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.18	0.28	0.24	0.23	0.27

Megacable HoldingsB de CV LT-Debt-to-Total-Asset Calculation

Megacable HoldingsB de CV'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 )
	=	16035.895	/	68484.275
	=	0.23

Megacable HoldingsB de CV's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	19910.006	/	73255.281
	=	0.27

Megacable HoldingsB de CV (MEX:MEGACPO) 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.

Megacable HoldingsB de CV LT-Debt-to-Total-Asset Related Terms

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Megacable HoldingsB de CV (MEX:MEGACPO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Megacable Holdings SAB de CV (MEX:MEGACPO) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

MHSDF:USA

Address

Lazaro Cardenas 1694, Colonia del Fresno, Guadalajara, MEX, 44900

Website

http://www.megacable.com.mx

Megacable Holdings SAB de CV is a diversified media company with interests in cable television services. The company has several business segments, including Cable Network, Internet, Telephone, Business, and other. The Cable Network segment distributes television broadcasting programs. The Internet segment provides Internet subscription services to corporate clients and individual customers. The Telephone segment provides fixed-line communications services. The Business segment provides IT services to enterprise clients, and the Other business segment provides advertising services. Megacable Holdings SAB de CV generates the majority of its revenue in Mexico.

Megacable HoldingsB de CV (MEX:MEGACPO) Headlines

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