Move Logistics Group (NZSE:MOV) LT-Debt-to-Total-Asset : 0.57 (As of Dec. 2023)

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What is Move Logistics 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. Move Logistics Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.57.

Move Logistics Group's long-term debt to total assets ratio increased from Dec. 2022 (0.50) to Dec. 2023 (0.57). It may suggest that Move Logistics Group is progressively becoming more dependent on debt to grow their business.

Move Logistics Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Move Logistics 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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Move Logistics Group LT-Debt-to-Total-Asset Chart

Move Logistics Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.45

0.66

0.46

0.51

0.49

Move Logistics Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.52	0.51	0.50	0.49	0.57

Move Logistics Group LT-Debt-to-Total-Asset Calculation

Move Logistics Group'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 )
	=	150.218	/	305.236
	=	0.49

Move Logistics Group'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 )
	=	180.547	/	316.5
	=	0.57

Move Logistics Group (NZSE:MOV) 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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Move Logistics Group (NZSE:MOV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Move Logistics Group Ltd (NZSE:MOV) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

MOV:Australia

Address

330 Devon Street East, Fitzroy, New Plymouth, TKI, NZL, 4312

Website

https://www.movelogistics.com

Move Logistics Group Ltd offers freight transport and warehousing services throughout New Zealand and coordinates freight movements offshore through international alliances. The company's operating segments include International; Specialist; Freighting; Contract Logistics and Corporate. It generates maximum revenue from the Freighting segment.