MILC (Millennium Sustainable Ventures) LT-Debt-to-Total-Asset: 1.13 (As of Sep. 2022)


MILC Millennium Sustainable Ventures Corp MILC
12 GF Score
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What is Millennium Sustainable Ventures LT-Debt-to-Total-Asset?

Millennium Sustainable Ventures MILC 12 LT-Debt-to-Total-Asset is 1.13 as of Sep. 2022. GuruFocus rates MILC with a GF Score™ of 12/100.

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. Millennium Sustainable Ventures's long-term debt to total assests ratio for the quarter that ended in Sep. 2022 was 1.13.

Millennium Sustainable Ventures's long-term debt to total assets ratio increased from Sep. 2021 (0.82) to Sep. 2022 (1.13). It may suggest that Millennium Sustainable Ventures is progressively becoming more dependent on debt to grow their business.

Millennium Sustainable Ventures  (OTCPK:MILC) 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.

Millennium Sustainable Ventures LT-Debt-to-Total-Asset Related Terms

Millennium Sustainable Ventures LT-Debt-to-Total-Asset Historical Data

* Premium members only.

The historical data trend for Millennium Sustainable Ventures'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.

Millennium Sustainable Ventures LT-Debt-to-Total-Asset Chart

Millennium Sustainable Ventures Annual Data
Trend Mar12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.12 0.87

Millennium Sustainable Ventures Quarterly Data
Dec15 Jun16 Dec16 Jun17 Sep17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
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 0.82 0.87 0.85 1.02 1.13
MILC
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Millennium Sustainable Ventures Corp MILC
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Millennium Sustainable Ventures LT-Debt-to-Total-Asset Calculation

Millennium Sustainable Ventures's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2021 is calculated as

LT Debt to Total Assets (A: Dec. 2021 )=Long-Term Debt & Capital Lease Obligation (A: Dec. 2021 )/Total Assets (A: Dec. 2021 )
=38.66/44.635
=0.87

Millennium Sustainable Ventures's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2022 is calculated as

LT Debt to Total Assets (Q: Sep. 2022 )=Long-Term Debt & Capital Lease Obligation (Q: Sep. 2022 )/Total Assets (Q: Sep. 2022 )
=39.525/34.967
=

* 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 1.13 mean?
Millennium Sustainable Ventures (MILC) has a LT-Debt-to-Total-Asset of 1.13 as of Sep. 2022. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Millennium Sustainable Ventures and its competitors.
Is Millennium Sustainable Ventures' LT-Debt-to-Total-Asset too high?
Millennium Sustainable Ventures' current LT-Debt-to-Total-Asset is 1.13. Overall, Millennium Sustainable Ventures has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Millennium Sustainable Ventures' LT-Debt-to-Total-Asset compare to PLXPQ and GNRS?
Millennium Sustainable Ventures' LT-Debt-to-Total-Asset of 1.13 can be compared against companies in the Drug Manufacturers 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 Drug Manufacturers company?
A good LT-Debt-to-Total-Asset depends on the Drug Manufacturers 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 Millennium Sustainable Ventures and its competitors. Millennium Sustainable Ventures's current LT-Debt-to-Total-Asset is 1.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Millennium Sustainable Ventures stock overvalued right now?
Millennium Sustainable Ventures (MILC) has a current LT-Debt-to-Total-Asset of 1.13. The current LT-Debt-to-Total-Asset is 1.13. Millennium Sustainable Ventures' overall GF Score™ is 12/100. 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 Millennium Sustainable Ventures (MILC), the current LT-Debt-to-Total-Asset is 1.13 as of Sep. 2022. 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.

Millennium Sustainable Ventures Business Description

Address 301 Winding Road, Old Bethpage, NY, USA, 11804
Millennium Sustainable Ventures Corp is engaged in the sustainable cultivation of cannabis in greenhouses, and sustainable production of activated carbon.
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