McMillan Shakespeare (STU:NMN) LT-Debt-to-Total-Asset : 0.46 (As of Dec. 2024)

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What is McMillan Shakespeare 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. McMillan Shakespeare's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.46.

McMillan Shakespeare's long-term debt to total assets ratio increased from Dec. 2023 (0.38) to Dec. 2024 (0.46). It may suggest that McMillan Shakespeare is progressively becoming more dependent on debt to grow their business.

McMillan Shakespeare LT-Debt-to-Total-Asset Historical Data

The historical data trend for McMillan Shakespeare'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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McMillan Shakespeare LT-Debt-to-Total-Asset Chart

McMillan Shakespeare Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.39

0.29

0.30

0.45

McMillan Shakespeare Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.40	0.30	0.38	0.45	0.46

McMillan Shakespeare LT-Debt-to-Total-Asset Calculation

McMillan Shakespeare's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (A: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2024 )	/	Total Assets (A: Jun. 2024 )
	=	357.992	/	803.807
	=	0.45

McMillan Shakespeare'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 )
	=	402.033	/	873.911
	=	0.46

McMillan Shakespeare (STU:NMN) 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.

McMillan Shakespeare LT-Debt-to-Total-Asset Related Terms

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McMillan Shakespeare Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » McMillan Shakespeare Ltd (STU:NMN) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

MMS:Australia

Address

360 Elizabeth Street, Level 21, The Tower, Melbourne Central, Melbourne, VIC, AUS, 3000

Website

https://www.mmsg.com.au

McMillan Shakespeare is a provider of salary packaging, novated leasing, disability plan management and support co-ordination, and fleet management services. It actively works to cross-sell its products to clients, for example, selling its salary packaging services to its fleet management customers in Australia and New Zealand. McMillan dominates Australia's salary packaging market together with Smartgroup (also covered by Morningstar), and is also a large provider of novated leasing services by volumes—together with Smartgroup and SG Fleet. The group has three operating segments: group remuneration services, asset management services, and plan and support services. Most of the group's revenue is generated from the group remuneration services segment.

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