Magnum Opus Acquisition (Magnum Opus Acquisition) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2023)

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What is Magnum Opus Acquisition 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. Magnum Opus Acquisition's long-term debt to total assests ratio for the quarter that ended in Mar. 2023 was 0.01.

Magnum Opus Acquisition's long-term debt to total assets ratio increased from Mar. 2022 (0.00) to Mar. 2023 (0.01). It may suggest that Magnum Opus Acquisition is progressively becoming more dependent on debt to grow their business.

Magnum Opus Acquisition LT-Debt-to-Total-Asset Historical Data

The historical data trend for Magnum Opus Acquisition'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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Magnum Opus Acquisition LT-Debt-to-Total-Asset Chart

Magnum Opus Acquisition Annual Data

Trend

Dec21

Dec22

LT-Debt-to-Total-Asset

Magnum Opus Acquisition Quarterly Data
	Jan21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial				-	-	-	-	0.01

Magnum Opus Acquisition LT-Debt-to-Total-Asset Calculation

Magnum Opus Acquisition's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	0.296	/	203.76
	=

Magnum Opus Acquisition's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (Q: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2023 )	/	Total Assets (Q: Mar. 2023 )
	=	0.397	/	68.248
	=

Magnum Opus Acquisition (NYSE:OPA.U) 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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Magnum Opus Acquisition (Magnum Opus Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Magnum Opus Acquisition Ltd (NYSE:OPA.U) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

OPA:USA

Address

IBC Tower Three Garden Road, Unit 1009, Central, HKG

Website

Magnum Opus Acquisition Ltd is a blank check company.

Executives

Magnum Opus Sponsors Llc	10 percent owner	UNIT 1009, ICBC TOWER, 3 GARDEN ROAD, HONG KONG K3 00000
Hsieh Wing Hong Sammy	director	15/F， PROSPERITY MILLENNIA PLAZA, 663 KING?S ROAD, QUARRY BAY, HONG KONG K3 00000
Magnum Opus Holdings Llc	director, 10 percent owner	77 DES VOEUX ROAD, NEXXUS BUILDING UNIT 1509, CENTRAL K3 00000
Xing Ling Liu	director	77 DES VOEUX ROAD, NEXXUS BUILDING UNIT 1509, CENTRAL K3 00000
Dickson Cheng	director	77 DES VOEUX ROAD, NEXXUS BUILDING UNIT 1509, CENTRAL K3 00000
Alexandre Casin	director	77 DES VOEUX ROAD, NEXXUS BUILDING UNIT 1509, CENTRAL K3 00000
Lin Hou Pu Jonathan	director, 10 percent owner	77 DES VOEUX ROAD, NEXXUS BUILDING UNIT 1509, CENTRAL K3 00000
Frank Han	officer: President	77 DES VOEUX ROAD, NEXXUS BUILDING UNIT 1509, CENTRAL K3 00000
Lee Kevin Ka Man	director, officer: Chief Financial Officer	77 DES VOEUX ROAD, NEXXUS BUILDING UNIT 1509, CENTRAL K3 00000