Mainstreet Equity (TSX:MEQ) LT-Debt-to-Total-Asset : 0.44 (As of Mar. 2024)

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What is Mainstreet Equity 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. Mainstreet Equity's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.44.

Mainstreet Equity's long-term debt to total assets ratio declined from Mar. 2023 (0.46) to Mar. 2024 (0.44). It may suggest that Mainstreet Equity is progressively becoming less dependent on debt to grow their business.

Mainstreet Equity LT-Debt-to-Total-Asset Historical Data

The historical data trend for Mainstreet Equity'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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Mainstreet Equity LT-Debt-to-Total-Asset Chart

Mainstreet Equity Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

LT-Debt-to-Total-Asset

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0.44

0.48

0.46

0.45

Mainstreet Equity 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															0.46	0.42	0.45	0.45	0.44

Mainstreet Equity LT-Debt-to-Total-Asset Calculation

Mainstreet Equity's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (A: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2023 )	/	Total Assets (A: Sep. 2023 )
	=	1418.783	/	3164.992
	=	0.45

Mainstreet Equity'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 )
	=	1491.645	/	3420.651
	=	0.44

Mainstreet Equity (TSX:MEQ) 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.

Mainstreet Equity LT-Debt-to-Total-Asset Related Terms

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Mainstreet Equity (TSX:MEQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Mainstreet Equity Corp (TSX:MEQ) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

MEQYF:USA

Address

10th Avenue SE, Suite 305, Calgary, AB, CAN, T2G 0W2

Website

https://www.mainst.biz

Mainstreet Equity Corp is a residential real estate company. It is focused on the acquisition, redevelopment, repositioning, and management of mid-market rental apartment buildings. The business specializes in multi-family residential housing operating in a single segment. Geographically it operates in Canadian provinces including British Columbia, Alberta, Saskatchewan and Manitoba. The company generates revenue from rental income and others.

Executives

Richard Grimaldi

Director

Mainstreet Equity (TSX:MEQ) Headlines

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