MJWL (Majic Wheels) LT-Debt-to-Total-Asset: 0.17 (As of Sep. 2012)


What is Majic Wheels LT-Debt-to-Total-Asset?

Majic Wheels MJWL -99.00% LT-Debt-to-Total-Asset is 0.17 as of Sep. 2012.

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. Majic Wheels's long-term debt to total assests ratio for the quarter that ended in Sep. 2012 was 0.17.

Majic Wheels's long-term debt to total assets ratio increased from Jun. 2011 (0.00) to Sep. 2012 (0.17). It may suggest that Majic Wheels is progressively becoming more dependent on debt to grow their business.

Majic Wheels  (OTCPK:MJWL) 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.

Majic Wheels LT-Debt-to-Total-Asset Related Terms

Majic Wheels LT-Debt-to-Total-Asset Historical Data

* Premium members only.

The historical data trend for Majic Wheels'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.

Majic Wheels LT-Debt-to-Total-Asset Chart

Majic Wheels Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11
LT-Debt-to-Total-Asset
0.00 0.00 0.00 0.00 0.00

Majic Wheels Quarterly Data
Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Jun12 Sep12
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 0.00 0.00 0.00 1.07 0.17

Majic Wheels LT-Debt-to-Total-Asset Calculation

Majic Wheels's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2011 is calculated as

LT Debt to Total Assets (A: Dec. 2011 )=Long-Term Debt & Capital Lease Obligation (A: Dec. 2011 )/Total Assets (A: Dec. 2011 )
=0/0
=

Majic Wheels's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2012 is calculated as

LT Debt to Total Assets (Q: Sep. 2012 )=Long-Term Debt & Capital Lease Obligation (Q: Sep. 2012 )/Total Assets (Q: Sep. 2012 )
=0.159/0.929
=0.17

* 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 0.17 mean?
Majic Wheels (MJWL) has a LT-Debt-to-Total-Asset of 0.17 as of Sep. 2012. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Majic Wheels and its competitors.
Is Majic Wheels' LT-Debt-to-Total-Asset too high?
Majic Wheels' current LT-Debt-to-Total-Asset is 0.17.
How does Majic Wheels' LT-Debt-to-Total-Asset compare to HGGGQ and EFTB?
Majic Wheels' LT-Debt-to-Total-Asset of 0.17 can be compared against companies in the Waste Management 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 Waste Management company?
A good LT-Debt-to-Total-Asset depends on the Waste Management 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 Majic Wheels and its competitors. Majic Wheels's current LT-Debt-to-Total-Asset is 0.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Majic Wheels stock overvalued right now?
Majic Wheels (MJWL) has a current LT-Debt-to-Total-Asset of 0.17. The current LT-Debt-to-Total-Asset is 0.17. 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 Majic Wheels (MJWL), the current LT-Debt-to-Total-Asset is 0.17 as of Sep. 2012. 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.

Majic Wheels Business Description

Address 2401 Fountain View Drive, Suite 312, Houston, TX, USA, 77057
Majic Wheels Corp is engaged in waste management business engaged in junk removal, trash hauling, recycling, commercial and residential construction clean-up and demolition business.