Moneymax Financial Services (SGX:5WJ) LT-Debt-to-Total-Asset : 0.01 (As of Jun. 2024)

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What is Moneymax Financial Services 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. Moneymax Financial Services's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.01.

Moneymax Financial Services's long-term debt to total assets ratio increased from Jun. 2023 (0.01) to Jun. 2024 (0.01). It may suggest that Moneymax Financial Services is progressively becoming more dependent on debt to grow their business.

Moneymax Financial Services LT-Debt-to-Total-Asset Historical Data

The historical data trend for Moneymax Financial Services'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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Moneymax Financial Services LT-Debt-to-Total-Asset Chart

Moneymax Financial Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.06

0.17

0.23

0.21

0.17

Moneymax Financial Services Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.21	0.01	0.17	0.01

Moneymax Financial Services LT-Debt-to-Total-Asset Calculation

Moneymax Financial Services'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 )
	=	124.138	/	746.191
	=	0.17

Moneymax Financial Services's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	8.312	/	825.757
	=	0.01

Moneymax Financial Services (SGX:5WJ) 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.

Moneymax Financial Services LT-Debt-to-Total-Asset Related Terms

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Moneymax Financial Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Moneymax Financial Services Ltd (SGX:5WJ) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

N/A

Address

7 Changi Business Park Vista, No. 01-01, SOOKEE HQ, Singapore, SGP, 486042

Website

https://www.moneymax.com.sg

Moneymax Financial Services Ltd is an investment holding company. The company's business segments are Pawnbroking, Retail trading of pre-owned luxury items and Secured Lending. It operates an online platform for shopping, MoneyMax Online, as well as pre-owned luxury retail outlet. The company operates a pawnbroking chain to offer an online platform to shop, sell and appraise their valuables. Its geographical segments are Singapore and Malaysia, of which the vast majority of its revenue comes from Singapore.

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