Merit Medical Systems (STU:MM3) LT-Debt-to-Total-Asset : 0.37 (As of Mar. 2024)

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What is Merit Medical Systems 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. Merit Medical Systems's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.37.

Merit Medical Systems's long-term debt to total assets ratio increased from Mar. 2023 (0.15) to Mar. 2024 (0.37). It may suggest that Merit Medical Systems is progressively becoming more dependent on debt to grow their business.

Merit Medical Systems LT-Debt-to-Total-Asset Historical Data

The historical data trend for Merit Medical Systems'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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Merit Medical Systems LT-Debt-to-Total-Asset Chart

Merit Medical Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.29

0.25

0.18

0.15

0.38

Merit Medical Systems Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.15	0.21	0.19	0.38	0.37

Merit Medical Systems LT-Debt-to-Total-Asset Calculation

Merit Medical Systems'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 )
	=	806.292	/	2132.249
	=	0.38

Merit Medical Systems's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	791.455	/	2140.244
	=	0.37

Merit Medical Systems (STU:MM3) 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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Merit Medical Systems (STU:MM3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Merit Medical Systems Inc (STU:MM3) » Definitions » LT-Debt-to-Total-Asset

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MMSI:USA

Address

1600 West Merit Parkway, South Jordan, UT, USA, 84095

Website

https://www.merit.com

Merit Medical Systems Inc is a medical equipment company that develops and manufactures products for use in interventional cardiology, radiology, and endoscopy procedures. The firm reports two segments which are Cardiovascular and Endoscopy. Majority of the revenue is earned from Cardiovascular segment. United States generates majority of the revenue.

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