MISTRAS Group (MISTRAS Group) LT-Debt-to-Total-Asset : 0.36 (As of Dec. 2023)

View and export this data going back to 2009. Start your Free Trial

What is MISTRAS 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. MISTRAS Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.36.

MISTRAS Group's long-term debt to total assets ratio declined from Dec. 2022 (0.36) to Dec. 2023 (0.36). It may suggest that MISTRAS Group is progressively becoming less dependent on debt to grow their business.

MISTRAS Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for MISTRAS 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.

MISTRAS Group LT-Debt-to-Total-Asset Chart

MISTRAS Group Annual Data

Trend

May14

May15

May16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.36

0.38

0.34

0.36

MISTRAS Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.36	0.36	0.35	0.37	0.36

MISTRAS Group LT-Debt-to-Total-Asset Calculation

MISTRAS Group'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 )
	=	192.76	/	534.776
	=	0.36

MISTRAS Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	192.76	/	534.776
	=	0.36

MISTRAS Group (NYSE:MG) 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.

MISTRAS Group LT-Debt-to-Total-Asset Related Terms

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

MISTRAS Group (MISTRAS Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » MISTRAS Group Inc (NYSE:MG) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

MIY:Germany

Address

195 Clarksville Road, Princeton Junction, NJ, USA, 08550

Website

https://www.mistrasgroup.com

MISTRAS Group Inc provides asset protection solutions and systems. The company evaluates the structural integrity and reliability of critical energy, industrial, and public infrastructure. The company's three operating segments are Service, International and Products and Systems, of which key revenue is derived from the Services segment. Services segment provides asset protection solutions predominantly in North America, with the large amount of concentration in the United States, followed by Canada, consisting of non-destructive testing, and inspection. The asset protection solutions include field inspections, consulting, maintenance, data management, access, monitoring and laboratory quality assurance.

Executives

Nicholas Debenedictis	director	GLATFELTER, 96 SOUTH GEORGE ST STE 420, YORK PA 17401
John Anthony Smith	officer: Executive Vice President	195 CLARKSVILLE RD, PRINCETON JUNCTION NJ 08550
Gennaro A. D'alterio	officer: EVP, Chief Commercial Officer	PO BOX 144, HARLEYSVILLE PA 19438
Sotirios Vahaviolos January 2023 2-year Grantor Retained Annuity Trust	10 percent owner	C/O MISTRAS GROUP, 195 CLARKSVILLE ROAD, PRINCETON JUNCTION NJ 08550
Richard H Glanton	director	C/O THE GEO GROUP, INC., 4955 TECHNOLOGY WAY, BOCA RATON FL 33431
Manuel N. Stamatakis	director	C/O MISTRAS GROUP, INC., 195 CLARKSVILLE ROAD, PRINCETON JUNCTION NJ 08550
Charles P Pizzi	director	C/O TASTY BAKING COMPANY, NAVY YARD CORP. CTR., THREE CRESCENT DR., PHILADELPHIA PA 19112
Michelle Lohmeier	director	C/O SPIRIT AEROSYSTEMS HOLDINGS, INC., WICHITA KS 67210
Dennis Bertolotti	officer: President and COO, Services	C/O MISTRAS GROUP, 195 CLARKSVILLE ROAD, PRINCETON JUNCTION NJ 08550
James J Forese	director, 10 percent owner	C/O SFN GROUP INC, 2050 SPECTRUM BOULEVARD, FT. LAUDERDALE FL 33309
Wayne Curtis Weldon	director	4687 WEST CHESTER PIKE, NEWTOWN SQUARE PA 19073
Sotirios J. Vahaviolos	director, 10 percent owner, officer: Chairman, President and CEO	C/O MISTRAS GROUP, INC., 195 CLARKSVILLE ROAD, PRINCETON JUNCTION NJ 08550
Jonathan H Wolk	officer: EVP, Chief Financial Officer	3102 SHAWNEE DRIVE, WINCHESTER VA 22601
Michael C Keefe	officer: EVP, General Counsel	C/O MISTRAS GROUP, 195 CLARKSVILLE ROAD, PRINCETON JUNCTION NJ 08550
Edward J Prajzner	officer: Sr. VP, CFO and Treasurer	C/O TECHNITROL, INC., 1210 NORTHBROOK DRIVE, SUITE 470, TREVOSE PA 19053