Magnit PJSC (MIC:MGNT) LT-Debt-to-Total-Asset: 0.49 (As of Jun. 2023)


MIC:MGNT Magnit PJSC MIC:MGNT
17 GF Score
Price ₽1,789.00
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What is Magnit PJSC LT-Debt-to-Total-Asset?

Magnit PJSC MIC:MGNT +0.28% 17 LT-Debt-to-Total-Asset is 0.49 as of Jun. 2023. GuruFocus rates MIC:MGNT with a GF Score™ of 17/100.

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. Magnit PJSC's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.49.

Magnit PJSC's long-term debt to total assets ratio increased from Jun. 2022 (0.41) to Jun. 2023 (0.49). It may suggest that Magnit PJSC is progressively becoming more dependent on debt to grow their business.

Magnit PJSC  (MIC:MGNT) 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.

Magnit PJSC LT-Debt-to-Total-Asset Related Terms

Magnit PJSC LT-Debt-to-Total-Asset Historical Data

* Premium members only.

The historical data trend for Magnit PJSC'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.

Magnit PJSC LT-Debt-to-Total-Asset Chart

Magnit PJSC Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.44 0.46 0.49 0.50 0.47

Magnit PJSC Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.53 0.50 0.41 0.47 0.49
MIC:MGNT
17GF Score
Magnit PJSC MIC:MGNT
LT-Debt-to-Total-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
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Magnit PJSC LT-Debt-to-Total-Asset Calculation

Magnit PJSC'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 )
=658798.903/1395998.44
=0.47

Magnit PJSC's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (Q: Jun. 2023 )=Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )/Total Assets (Q: Jun. 2023 )
=680045.907/1400140.169
=0.49

* 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.

Frequently Asked Questions Learn more about LT-Debt-to-Total-Asset →
What does a LT-Debt-to-Total-Asset of 0.49 mean?
Magnit PJSC (MIC:MGNT) has a LT-Debt-to-Total-Asset of 0.49 as of Jun. 2023. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Magnit PJSC and its competitors.
Is Magnit PJSC's LT-Debt-to-Total-Asset too high?
Magnit PJSC's current LT-Debt-to-Total-Asset is 0.49. Overall, Magnit PJSC has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Magnit PJSC's LT-Debt-to-Total-Asset compare to WMT and COST?
Magnit PJSC's LT-Debt-to-Total-Asset of 0.49 can be compared against companies in the Retail - Defensive industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good LT-Debt-to-Total-Asset for a Retail - Defensive company?
A good LT-Debt-to-Total-Asset depends on the Retail - Defensive industry context. However, LT-Debt-to-Total-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high LT-Debt-to-Total-Asset mean?
A high LT-Debt-to-Total-Asset can signal that a stock is expensive relative to its fundamentals. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Magnit PJSC and its competitors. Magnit PJSC's current LT-Debt-to-Total-Asset is 0.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Magnit PJSC stock overvalued right now?
Magnit PJSC (MIC:MGNT) has a current LT-Debt-to-Total-Asset of 0.49. The current LT-Debt-to-Total-Asset is 0.49. Magnit PJSC's overall GF Score™ is 17/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is LT-Debt-to-Total-Asset calculated?
LT-Debt-to-Total-Asset is calculated from a company's financial statements. For Magnit PJSC (MIC:MGNT), the current LT-Debt-to-Total-Asset is 0.49 as of Jun. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Magnit PJSC Business Description

Address 15/5, Solnechnaya Street, Krasnodar, RUS, 350072
Magnit PJSC operates in the retail and distribution of consumer goods under the Magnit, the DIXY, and the Megamart names. The Group's retail operations are operated through convenience stores, cosmetic stores, supermarkets, and others. The Group's business operations are located in the Russian Federation and relate mainly to retail sales of consumer goods. The company operates in about 4,000 localities. The company utilizes a multiformat model, which includes convenience and drogerie stores, supermarkets, and pharmacies. Aside from commodity sales, it operates a private-label food production business. The company manages several plants for growing vegetables and the production of dry food and confectionery.
17GF Score

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LT-Debt-to-Total-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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