MGLD (The Marygold) LT-Debt-to-Total-Asset : 0.05 (As of Sep. 2024)

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What is The Marygold 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. The Marygold's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.05.

The Marygold's long-term debt to total assets ratio increased from Sep. 2023 (0.01) to Sep. 2024 (0.05). It may suggest that The Marygold is progressively becoming more dependent on debt to grow their business.

The Marygold LT-Debt-to-Total-Asset Historical Data

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

The Marygold Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.06

0.03

0.01

The Marygold 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															0.01	0.02	0.02	0.01	0.05

The Marygold LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2024 )	/	Total Assets (A: Jun. 2024 )
	=	0.455	/	32.899
	=	0.01

The Marygold'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 )
	=	1.859	/	35.875
	=	0.05

The Marygold (AMEX:MGLD) 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.

The Marygold LT-Debt-to-Total-Asset Related Terms

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The Marygold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » The Marygold Companies Inc (AMEX:MGLD) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

120 Calle Iglesia, Unit B, San Clemente, CA, USA, 92672

Website

https://www.marygoldandco.net

The Marygold Companies Inc is a holding company that intends to focus on financial services. It is currently directing its investments towards financial services and the emerging Fintech space.

Executives

Nicholas & Melinda Gerber Living Trust	10 percent owner	127 DEVIN DRIVE, MORAGA CA 94556
Carolyn M. Yu	officer: Chief Legal Officer	120 CALLE IGLESIA, UNIT B, SAN CLEMENTE CA 92672
Scott Allen West	officer: Chief Accounting Officer	12625 HIGH BLUFF DRIVE, SUITE 305, SAN DIEGO CA 92130
James S Alexander	director	C/O THE MARYGOLD COMPANIES, INC., 120 CALLE IGLESIA, UNIT B, SAN CLEMENTE CA 92672
David Wayne Neibert	director, officer: Chief Executive Officer	13652 ACORN CIRCLE, VALLEY CENTER CA 92082
Kathryn D. Rooney	director	2520 EYRE HALL PASS, NEW ALBANY OH 43054
Nicholas Daniel Gerber	director, 10 percent owner, officer: Chief Executive Officer	127 DEVIN ROAD, MORAGA CA 94556
Kelly Anderson	director	C/O TOMI ENVIRONMENTAL SOLUTIONS, INC., 9454 WILSHIRE BLVD., R-1, BEVERLY HILLS CA 90212
Stuart P. Crumbaugh	officer: Treasurer/CFO	C/O USCF ETF TRUST, 1999 HARRISON STREET, SUITE 1530, OAKLAND CA 94612
Erin Grogan	director	2721 WAWONA STREET, SAN FRANCISCO CA 94116
Joya Harris	director	150 MAISON PLACE N.W., ATLANTA GA 30303
Tabatha Coffey	director	1019 GLEN ROAD, FORT LEE NJ 07024
Derek Jason Mullins	director	C/O PINE ADVISOR SOLUTIONS, 501 S. CHERRY ST., SUITE 1090, DENVER CO 80246
Sheila Gerber	10 percent owner	5 HATAMAR ST., BINYAMINA L3 30500
Eliot Gerber	10 percent owner	5 HATAMAR ST., BINYAMINA L3 30500