Me Today (NZSE:MEE) LT-Debt-to-Total-Asset : 0.67 (As of Jun. 2024)

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What is Me Today 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. Me Today's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.67.

Me Today's long-term debt to total assets ratio increased from Jun. 2023 (0.21) to Jun. 2024 (0.67). It may suggest that Me Today is progressively becoming more dependent on debt to grow their business.

Me Today LT-Debt-to-Total-Asset Historical Data

The historical data trend for Me Today'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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Me Today LT-Debt-to-Total-Asset Chart

Me Today Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Mar20

Mar21

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.02

0.21

0.67

Me Today Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Mar20	Sep20	Mar21	Sep21	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.28	0.36	0.21	0.62	0.67

Me Today LT-Debt-to-Total-Asset Calculation

Me Today's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (A: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2024 )	/	Total Assets (A: Jun. 2024 )
	=	14.47	/	21.462
	=	0.67

Me Today'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 )
	=	14.47	/	21.462
	=	0.67

Me Today (NZSE:MEE) 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.

Me Today LT-Debt-to-Total-Asset Related Terms

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Me Today Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Me Today Ltd (NZSE:MEE) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

25 Broadway, Level 1, Newmarket, Auckland, NZL, 1141

Website

https://www.metoday.com

Me Today Ltd is engaged in providing general health supplements and skincare products. It produces, sells, and markets health and wellbeing products or acts as an agent on behalf of other health and wellbeing suppliers. The company also produces and distributes premium manuka honey. Some of the products offered by the company are sleep supplements, immunity supplements, multivitamin skincare, skincare serums, lozenges, and others. Its operating segments are the Sale of goods, Agency services, and Honey. Maximum revenue is generated from its Honey segment which produces premium manuka honey. Geographically, the company generates maximum revenue from New Zealand and the rest from Europe and the United States of America.

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