Millenniumpthorne Hotels (Millenniumpthorne Hotels) LT-Debt-to-Total-Asset : 0.17 (As of Jun. 2019)

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What is Millenniumpthorne Hotels 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. Millenniumpthorne Hotels's long-term debt to total assests ratio for the quarter that ended in Jun. 2019 was 0.17.

Millenniumpthorne Hotels's long-term debt to total assets ratio declined from Jun. 2018 (0.19) to Jun. 2019 (0.17). It may suggest that Millenniumpthorne Hotels is progressively becoming less dependent on debt to grow their business.

Millenniumpthorne Hotels LT-Debt-to-Total-Asset Historical Data

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

Millenniumpthorne Hotels Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

LT-Debt-to-Total-Asset

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0.13

0.17

0.20

0.17

0.16

Millenniumpthorne Hotels Quarterly Data
	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.19	0.15	0.16	0.17	0.17

Millenniumpthorne Hotels LT-Debt-to-Total-Asset Calculation

Millenniumpthorne Hotels's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2018 is calculated as

LT Debt to Total Assets (A: Dec. 2018 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2018 )	/	Total Assets (A: Dec. 2018 )
	=	998.734	/	6232.911
	=	0.16

Millenniumpthorne Hotels's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2019 is calculated as

LT Debt to Total Assets (Q: Jun. 2019 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2019 )	/	Total Assets (Q: Jun. 2019 )
	=	1103.929	/	6428.39
	=	0.17

Millenniumpthorne Hotels (OTCPK:MLCTF) 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.

Millenniumpthorne Hotels LT-Debt-to-Total-Asset Related Terms

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Millenniumpthorne Hotels (Millenniumpthorne Hotels) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Millennium & Copthorne Hotels PLC (OTCPK:MLCTF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Scarsdale Place, Kensington, London, GBR, W8 5SR

Website

http://www.millenniumhotels.com

Millennium & Copthorne Hotels PLC is a hotel owner and operator. The company principally operates hotels in properties that it either owns or leases. Millennium & Copthorne operate several hotel brands under three collections: Leng's Collection, which includes brands such as The Bailey's Hotel London, Grand Hotel Palace Rome, and M Hotels; Millennium Collection, which includes Millennium-branded hotels; and Copthorne Collection, which includes Copthorne and Kingsgate-branded hotels. With global operations, the company derives revenue from several countries, with the United States, United Kingdom, and Singapore the most significant.

Millenniumpthorne Hotels (Millenniumpthorne Hotels) Headlines

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Millennium Hotels and Resorts to Hold Groundbreaking Ceremony for First New Build Project in the U.S., M Social Sunnyvale

By PRNewswire PRNewswire • 10-16-2018

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