MFGI (Merchants Financial Group) LT-Debt-to-Total-Asset : 0.02 (As of Sep. 2024)

View and export this data going back to . Start your Free Trial

What is Merchants Financial Group 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. Merchants Financial Group's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.02.

Merchants Financial Group's long-term debt to total assets ratio declined from Mar. 2023 (0.02) to Sep. 2024 (0.02). It may suggest that Merchants Financial Group is progressively becoming less dependent on debt to grow their business.

Merchants Financial Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Merchants Financial Group'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.

* Premium members only.

Merchants Financial Group LT-Debt-to-Total-Asset Chart

Merchants Financial Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

0.03

0.02

Merchants Financial Group Quarterly Data
	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial							0.02	0.02	0.02	0.02	0.02

Merchants Financial Group LT-Debt-to-Total-Asset Calculation

Merchants Financial Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	53.374	/	2580.372
	=	0.02

Merchants Financial Group'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 )
	=	45.631	/	2688.643
	=	0.02

Merchants Financial Group (OTCPK:MFGI) 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.

Merchants Financial Group LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Merchants Financial Group's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Merchants Financial Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Merchants Financial Group Inc (OTCPK:MFGI) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

102 East Third Street, Winona, MN, USA, 55987

Website

https://www.merchantsbank.com

Merchants Financial Group Inc is a bank holding company with one wholly-owned bank subsidiary, Merchants Bank, National Association. It provides retail, commercial loan, and deposit services principally to customers within a radius of its locations. The Bank has a leasing division, Merchants Bank Equipment Finance, which operates in the Minneapolis-St. Paul, Minnesota, metropolitan area.

Merchants Financial Group Headlines

No Headlines