Mooreast Holdings (SGX:1V3) LT-Debt-to-Total-Asset : 0.50 (As of Jun. 2023)

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What is Mooreast Holdings 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. Mooreast Holdings's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.50.

Mooreast Holdings's long-term debt to total assets ratio declined from Jun. 2022 (0.53) to Jun. 2023 (0.50). It may suggest that Mooreast Holdings is progressively becoming less dependent on debt to grow their business.

Mooreast Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Mooreast Holdings'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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Mooreast Holdings LT-Debt-to-Total-Asset Chart

Mooreast Holdings Annual Data

Trend

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

0.04

0.54

0.53

Mooreast Holdings Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			-	0.54	0.53	0.53	0.50

Mooreast Holdings LT-Debt-to-Total-Asset Calculation

Mooreast Holdings'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 )
	=	39.992	/	74.865
	=	0.53

Mooreast Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (Q: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )	/	Total Assets (Q: Jun. 2023 )
	=	39.176	/	79.126
	=	0.50

Mooreast Holdings (SGX:1V3) 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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Mooreast Holdings (SGX:1V3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Mooreast Holdings Ltd (SGX:1V3) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

51 Shipyard Road, Mooreast Offshore Base, Singapore, SGP, 628139

Website

https://www.mooreast.com

Mooreast Holdings Ltd is a total mooring solutions specialist, serving the offshore oil and gas, marine and offshore renewable energy industries. With strong in-house capabilities in design, engineering and fabrication, the company offers a full range of mooring solutions including the design, engineering, fabrication, supply, mobilisation and logistics, installation and commissioning services for mooring systems and mooring system components as well as the provision of rigging and heavy lifting equipment.

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