MNSEF (Magnis Energy Technologies) LT-Debt-to-Total-Asset : 0.04 (As of Dec. 2023)

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What is Magnis Energy Technologies 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. Magnis Energy Technologies's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.04.

Magnis Energy Technologies's long-term debt to total assets ratio declined from Dec. 2022 (0.83) to Dec. 2023 (0.04). It may suggest that Magnis Energy Technologies is progressively becoming less dependent on debt to grow their business.

Magnis Energy Technologies LT-Debt-to-Total-Asset Historical Data

The historical data trend for Magnis Energy Technologies'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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Magnis Energy Technologies LT-Debt-to-Total-Asset Chart

Magnis Energy Technologies Annual Data

Trend

Jun13

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.01

0.48

0.77

0.89

Magnis Energy Technologies Semi-Annual Data
	Dec13	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.55	0.77	0.83	0.89	0.04

Magnis Energy Technologies LT-Debt-to-Total-Asset Calculation

Magnis Energy Technologies's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	121.67	/	136.816
	=

Magnis Energy Technologies's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	0.398	/	9.971
	=

Magnis Energy Technologies (OTCPK:MNSEF) 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.

Magnis Energy Technologies LT-Debt-to-Total-Asset Related Terms

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Magnis Energy Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Magnis Energy Technologies Ltd (OTCPK:MNSEF) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

1 Castlereagh Street, Suite 11.01, Sydney, NSW, AUS, 2000

Website

https://www.magnis.com.au

Magnis Energy Technologies Ltd is a battery technology company engaged in the manufacturing and sale of lithium-ion battery (LIB) cells. The company's operating segment includes Lithium-ion Battery Investment USA; Lithium-ion Battery Investment Australia and Graphite Exploration and Development Tanzania. It generates maximum revenue from the Graphite Exploration and Development Tanzania segment.

Magnis Energy Technologies Headlines

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