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MKDW (MKDWell Tech) LT-Debt-to-Total-Asset : 0.25 (As of Jun. 2024)


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What is MKDWell Tech 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. MKDWell Tech's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.25.

MKDWell Tech's long-term debt to total assets ratio declined from Jun. 2023 (0.27) to Jun. 2024 (0.25). It may suggest that MKDWell Tech is progressively becoming less dependent on debt to grow their business.

MKDWell Tech LT-Debt-to-Total-Asset Historical Data

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

MKDWell Tech Annual Data
Trend Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
0.37 0.30 0.29

MKDWell Tech Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
LT-Debt-to-Total-Asset Get a 7-Day Free Trial - 0.30 0.27 0.29 0.25

MKDWell Tech LT-Debt-to-Total-Asset Calculation

MKDWell Tech'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 )
=2.689/9.171
=0.29

MKDWell Tech's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )=Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )/Total Assets (Q: Jun. 2024 )
=2.059/8.167
=0.25

* 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.

MKDWell Tech  (NAS:MKDW) 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.

MKDWell Tech LT-Debt-to-Total-Asset Related Terms

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MKDWell Tech Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » MKDWell Tech Inc (NAS:MKDW) » Definitions » LT-Debt-to-Total-Asset
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Traded in Other Exchanges
N/A
Address
Sea Meadow House, Road Town, Tortola, VGB
Website
http://www.mkdwell.com
MKDWell Tech Inc is a company engaged in supplying automotive electronics for passenger cars, modified commercial vehicles, camper vans and logistics vehicles. Its business coverage extends across the spectrum of research and development, design, production and sales of automotive electronic products. The main products are intelligent camper vans control systems, LiDAR sensors, intelligent container control systems for logistics vehicles, vehicle seat control system, and it provide customers with ODM and OEM customized services.