Meimaii Technology Co (ROCO:6473) LT-Debt-to-Total-Asset : 0.02 (As of Dec. 2023)

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What is Meimaii Technology Co 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. Meimaii Technology Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.02.

Meimaii Technology Co's long-term debt to total assets ratio increased from Dec. 2022 (0.00) to Dec. 2023 (0.02). It may suggest that Meimaii Technology Co is progressively becoming more dependent on debt to grow their business.

Meimaii Technology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Meimaii Technology Co'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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Meimaii Technology Co LT-Debt-to-Total-Asset Chart

Meimaii Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.23

0.10

0.02

Meimaii Technology Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	0.01	-	-	0.02

Meimaii Technology Co LT-Debt-to-Total-Asset Calculation

Meimaii Technology Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	3.828	/	207.987
	=	0.02

Meimaii Technology Co'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 )
	=	3.828	/	207.987
	=	0.02

Meimaii Technology Co (ROCO:6473) 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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Meimaii Technology Co (ROCO:6473) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Meimaii Technology Co Ltd (ROCO:6473) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 63, Bo'ai Rd, 2nd Floor, Zhongzheng District, Taipei, TWN, 100

Website

https://www.meimaii.com

Meimaii Technology Co Ltd formerly SNSplus Inc is a Taiwan-based company focused on game publishing and operations in the Asian market. The major markets of the company consist of Greater China, Thailand, and Japan.

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