McCoy Global (TSX:MCB) LT-Debt-to-Total-Asset : 0.03 (As of Dec. 2024)

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What is McCoy Global 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. McCoy Global's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.03.

McCoy Global's long-term debt to total assets ratio declined from Dec. 2023 (0.04) to Dec. 2024 (0.03). It may suggest that McCoy Global is progressively becoming less dependent on debt to grow their business.

McCoy Global LT-Debt-to-Total-Asset Historical Data

The historical data trend for McCoy Global'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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McCoy Global LT-Debt-to-Total-Asset Chart

McCoy Global Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.19

0.12

0.09

0.04

0.03

McCoy Global 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															0.04	0.04	0.03	0.03	0.03

McCoy Global LT-Debt-to-Total-Asset Calculation

McCoy Global'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 )
	=	2.517	/	97.849
	=	0.03

McCoy Global'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 )
	=	2.517	/	97.849
	=	0.03

McCoy Global (TSX:MCB) 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.

McCoy Global LT-Debt-to-Total-Asset Related Terms

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McCoy Global Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » McCoy Global Inc (TSX:MCB) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

MCCRF:USA 773:Germany

Address

9910 39th Avenue NW, Suite 201, Edmonton, AB, CAN, T6E 5H8

Website

https://www.mccoyglobal.com

McCoy Global Inc is a provider of equipment and technologies to support tubular running operations, enhance wellbore integrity, and assist with collecting critical data for the energy industry. The company's core products are used predominantly during the well construction phase for both land and offshore wells during oil and gas exploration and development. Some of its products are specialized hydraulic power tongs, dies, inserts, make or break torque equipment, and computerized torque turn monitoring systems, among others. In addition, the company also focuses on supporting capital equipment sales through aftermarket products and services such as technical support, consumables, and replacement parts. Geographically, it derives key revenue from the United States and Latin America.

Executives

Michael Leslie Buker	Director
Cannell Capital Llc	10% Security Holder
James Rakievich	Director, Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer
Burgundy Asset Management Ltd.	10% Security Holder
Christopher Tiernan Seaver	Director