Metro Performance Glass (NZSE:MPG) LT-Debt-to-Total-Asset : 0.33 (As of Sep. 2024)

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What is Metro Performance Glass 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. Metro Performance Glass's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.33.

Metro Performance Glass's long-term debt to total assets ratio declined from Sep. 2023 (0.54) to Sep. 2024 (0.33). It may suggest that Metro Performance Glass is progressively becoming less dependent on debt to grow their business.

Metro Performance Glass LT-Debt-to-Total-Asset Historical Data

The historical data trend for Metro Performance Glass'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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Metro Performance Glass LT-Debt-to-Total-Asset Chart

Metro Performance Glass Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.53

0.46

0.52

0.54

0.33

Metro Performance Glass Semi-Annual Data
	Sep14	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.51	0.54	0.54	0.33	0.33

Metro Performance Glass LT-Debt-to-Total-Asset Calculation

Metro Performance Glass's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (A: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2024 )	/	Total Assets (A: Mar. 2024 )
	=	72.947	/	218.921
	=	0.33

Metro Performance Glass's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	70.781	/	217.158
	=	0.33

Metro Performance Glass (NZSE:MPG) 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.

Metro Performance Glass LT-Debt-to-Total-Asset Related Terms

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Metro Performance Glass Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Metro Performance Glass Ltd (NZSE:MPG) » Definitions » LT-Debt-to-Total-Asset

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MPP:Australia

Address

5 Lady Fisher Place, East Tamaki, Auckland, NZL, 2013

Website

https://www.metroglass.co.nz

Metro Performance Glass Ltd operates as a glass processor. It group supplies processed flat glass and related products to the residential and commercial building sectors. It offers a range of glass products, including Decorative Glass, low Glass, Mirrors, bathroom shower screens, Shower Glass, Safety Security glass, Obscure, Frosted, and Privacy Glass, doors, and others. Its geographical segments include New Zealand and Australia. It generates a majority of its revenue from New Zealand.