Millenniumpthorne Hotels New Zealand (NZSE:MCK) LT-Debt-to-Total-Asset : 0.04 (As of Dec. 2024)

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What is Millenniumpthorne Hotels New Zealand 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 New Zealand's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.04.

Millenniumpthorne Hotels New Zealand's long-term debt to total assets ratio increased from Dec. 2023 (0.04) to Dec. 2024 (0.04). It may suggest that Millenniumpthorne Hotels New Zealand is progressively becoming more dependent on debt to grow their business.

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

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

Millenniumpthorne Hotels New Zealand Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.05

0.02

0.04

Millenniumpthorne Hotels New Zealand Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.04	0.04	0.04	0.04	0.04

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

Millenniumpthorne Hotels New Zealand's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	29.726	/	762.266
	=	0.04

Millenniumpthorne Hotels New Zealand's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	29.726	/	762.266
	=	0.04

Millenniumpthorne Hotels New Zealand (NZSE:MCK) 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 New Zealand LT-Debt-to-Total-Asset Related Terms

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Millenniumpthorne Hotels New Zealand Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Millennium & Copthorne Hotels New Zealand Ltd (NZSE:MCK) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

MCKPA.PFD:New Zealand

Address

23 Customs Street East, Victoria Street West, Level 7, PO Box 5640,, Auckland, NZL, 1142

Website

https://www.millenniumhotels.com

Millennium & Copthorne Hotels New Zealand Ltd is engaged in the ownership and operation of hotels in New Zealand. The group is also involved in the residential development and sale of land in New Zealand and the development and sale of residential units in Australia. The operating segments of the group are Hotel operations which comprise income from the ownership and management of hotels; Residential land development, comprising the development and sale of land; Residential and commercial property development, comprising the development and sale of residential apartments; Investment property comprising rental income from warehouses. The majority of the revenue is generated from the Hotel operations segment. The company operates in the geographical areas of New Zealand and Australia.