My Food Bag Group (NZSE:MFB) LT-Debt-to-Total-Asset : 0.19 (As of Sep. 2023)

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What is My Food Bag Group 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. My Food Bag Group's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.19.

My Food Bag Group's long-term debt to total assets ratio increased from Sep. 2022 (0.02) to Sep. 2023 (0.19). It may suggest that My Food Bag Group is progressively becoming more dependent on debt to grow their business.

My Food Bag Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for My Food Bag Group'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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My Food Bag Group LT-Debt-to-Total-Asset Chart

My Food Bag Group Annual Data

Trend

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

0.23

0.09

0.19

My Food Bag Group Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.12	0.09	0.02	0.19	0.19

My Food Bag Group LT-Debt-to-Total-Asset Calculation

My Food Bag Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (A: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2023 )	/	Total Assets (A: Mar. 2023 )
	=	20.764	/	108.551
	=	0.19

My Food Bag Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	20.69	/	107.637
	=	0.19

My Food Bag Group (NZSE:MFB) 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.

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My Food Bag Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » My Food Bag Group Ltd (NZSE:MFB) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

N/A

Address

56 Parnell Road, Level 3, Parnell, Auckland, NTL, NZL, 1052

Website

https://www.myfoodbag.co.nz

My Food Bag Group Ltd operates in the fast-growing online food delivery market in New Zealand. It delivers bags full of fresh and locally sourced ingredients along with easy-to-follow recipes direct to families across New Zealand. The company drives revenue primarily by the volume of bags delivered to customers and the average order value of bags delivered.

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