MFGHF (Mainfreight) LT-Debt-to-Total-Asset : 0.29 (As of Sep. 2024)

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What is Mainfreight 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. Mainfreight's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.29.

Mainfreight's long-term debt to total assets ratio increased from Sep. 2023 (0.26) to Sep. 2024 (0.29). It may suggest that Mainfreight is progressively becoming more dependent on debt to grow their business.

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

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

Mainfreight Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.34

0.28

0.23

0.24

0.27

Mainfreight Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.25	0.24	0.26	0.27	0.29

Mainfreight LT-Debt-to-Total-Asset Calculation

Mainfreight's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (A: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2024 )	/	Total Assets (A: Mar. 2024 )
	=	622.434	/	2300.002
	=	0.27

Mainfreight'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 )
	=	724.283	/	2464.116
	=	0.29

Mainfreight (OTCPK:MFGHF) 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.

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

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Mainfreight Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Mainfreight Ltd (OTCPK:MFGHF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

MFT:New Zealand NK7:Germany

Address

2 Railway Lane, Otahuhu, Auckland, NTL, NZL, 1062

Website

https://www.mainfreight.com

Mainfreight Ltd is in the supply chain logistics business. It provides the full spectrum of warehousing, Transport, and international air and ocean freight services. Geographically, it operates businesses in New Zealand, Australia, Europe, The Americas, Asia, and the United States.