Magellan Aerospace (TSX:MAL) LT-Debt-to-Total-Asset : 0.05 (As of Dec. 2024)

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What is Magellan Aerospace 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. Magellan Aerospace's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.05.

Magellan Aerospace's long-term debt to total assets ratio increased from Dec. 2023 (0.05) to Dec. 2024 (0.05). It may suggest that Magellan Aerospace is progressively becoming more dependent on debt to grow their business.

Magellan Aerospace LT-Debt-to-Total-Asset Historical Data

The historical data trend for Magellan Aerospace'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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Magellan Aerospace LT-Debt-to-Total-Asset Chart

Magellan Aerospace Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.06

0.05

Magellan Aerospace 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															0.05	0.05	0.05	0.05	0.05

Magellan Aerospace LT-Debt-to-Total-Asset Calculation

Magellan Aerospace's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	55.826	/	1146.254
	=	0.05

Magellan Aerospace'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 )
	=	55.826	/	1146.254
	=	0.05

Magellan Aerospace (TSX:MAL) 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.

Magellan Aerospace LT-Debt-to-Total-Asset Related Terms

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Magellan Aerospace Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Magellan Aerospace Corp (TSX:MAL) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

MALJF:USA 4M7A:Germany 4M7A:Germany

Address

3160 Derry Road East, Mississauga, ON, CAN, L4T 1A9

Website

https://www.magellan.aero

Magellan Aerospace Corp supplies components to the aerospace industry, through its subsidiary engineers and manufactures aero-engine and aerostructure components for aerospace markets, including advanced products for defense and space markets, and complementary specialty products. It operates activities in one reportable segment, Aerospace, which includes the design, development, manufacture, repair and overhaul, and sale of systems and components for defense and civil aviation. It generates revenue through the Sale of goods and Services. Geographically it operates in Canada, the United States, and Europe. It generates the majority of its revenue from Canada.

Executives

Michael Gribe	Senior Officer
Karen Yoshiki-gravelsins	Senior Officer
Bruce William Gowan	Director

Magellan Aerospace Headlines

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