Minaean SP Construction (STU:NJAN) LT-Debt-to-Total-Asset : 0.40 (As of Dec. 2024)

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What is Minaean SP Construction 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. Minaean SP Construction's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.40.

Minaean SP Construction's long-term debt to total assets ratio declined from Dec. 2023 (0.47) to Dec. 2024 (0.40). It may suggest that Minaean SP Construction is progressively becoming less dependent on debt to grow their business.

Minaean SP Construction LT-Debt-to-Total-Asset Historical Data

The historical data trend for Minaean SP Construction'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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Minaean SP Construction LT-Debt-to-Total-Asset Chart

Minaean SP Construction Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.03

0.06

0.46

0.30

Minaean SP Construction Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.47	0.30	0.34	0.38	0.40

Minaean SP Construction LT-Debt-to-Total-Asset Calculation

Minaean SP Construction's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (A: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2024 )	/	Total Assets (A: Mar. 2024 )
	=	0.027	/	0.089
	=

Minaean SP Construction's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	0.027	/	0.068
	=

Minaean SP Construction (STU:NJAN) 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.

Minaean SP Construction LT-Debt-to-Total-Asset Related Terms

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Minaean SP Construction Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Minaean SP Construction Corp (STU:NJAN) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

NJAN:Germany MSP:Canada

Address

1055 West Georgia Street, Suite 2050, P.O. Box 11121, Royal Centre, Vancouver, BC, CAN, V6E 3P3

Website

http://www.minaean.com

Minaean SP Construction Corp is known for its light gauge steel components for the construction industry. The company specializes in Light Gauge Steel Quik-Build Systems and provides a variety of contracting services. Its services include EPC (Engineering, Procurement, Construction) as well as Design-Build capabilities in the residential, commercial, industrial, healthcare, and hospitality sectors.

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