MMNNF (Munters Group AB) LT-Debt-to-Total-Asset : 0.31 (As of Sep. 2024)

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What is Munters Group AB 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. Munters Group AB's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.31.

Munters Group AB's long-term debt to total assets ratio increased from Sep. 2023 (0.30) to Sep. 2024 (0.31). It may suggest that Munters Group AB is progressively becoming more dependent on debt to grow their business.

Munters Group AB LT-Debt-to-Total-Asset Historical Data

The historical data trend for Munters Group AB'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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Munters Group AB LT-Debt-to-Total-Asset Chart

Munters Group AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.33

0.28

0.25

0.29

0.28

Munters Group AB Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.30	0.28	0.32	0.30	0.31

Munters Group AB LT-Debt-to-Total-Asset Calculation

Munters Group AB'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 )
	=	458.587	/	1631.083
	=	0.28

Munters Group AB's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	565.549	/	1825.887
	=	0.31

Munters Group AB (OTCPK:MMNNF) 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.

Munters Group AB LT-Debt-to-Total-Asset Related Terms

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Munters Group AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Munters Group AB (OTCPK:MMNNF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

MTRS:Sweden MTRSs:UK 0RPO:UK 1MS:Germany

Address

Borgafjordsgatan 16, Box 1188, Kista, SWE, SE-164 40

Website

https://www.munters.com

Munters Group AB is a provider of energy-efficient air treatment and climate control solutions predominantly within the food, pharmaceutical and data center and other sectors. The company operates in segments which are; AirTech, Data Center Technologies and FoodTech. Majority of the revenue is generated from its AirTech segment that manufactures and markets products and solutions for controlling humidity and improving the indoor climate. Geographically, a majority of its revenue is generated from United States and rest from China, Germany, United Kingdom, Canada, Sweden and other markets.