Standard Mercantile Acquisition (TSX:SMA) LT-Debt-to-Total-Asset : 0.00 (As of Jun. 2023)

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What is Standard Mercantile Acquisition 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. Standard Mercantile Acquisition's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.00.

Standard Mercantile Acquisition's long-term debt to total assets ratio stayed the same from Jun. 2022 (0.00) to Jun. 2023 (0.00).

Standard Mercantile Acquisition LT-Debt-to-Total-Asset Historical Data

The historical data trend for Standard Mercantile Acquisition'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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Standard Mercantile Acquisition LT-Debt-to-Total-Asset Chart

Standard Mercantile Acquisition Annual Data

Trend

Dec13

Dec14

Dec15

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Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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Standard Mercantile Acquisition Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	-	-	-

Standard Mercantile Acquisition LT-Debt-to-Total-Asset Calculation

Standard Mercantile Acquisition's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	0	/	8.226
	=	0.00

Standard Mercantile Acquisition's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (Q: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )	/	Total Assets (Q: Jun. 2023 )
	=	0	/	5.408
	=	0.00

Standard Mercantile Acquisition (TSX:SMA) 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.

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Standard Mercantile Acquisition (TSX:SMA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Standard Mercantile Acquisition Corp (TSX:SMA) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

181 Bay Street, Suite 1800, Toronto, ON, CAN, M5J 2T9

Website

https://www.standardmercantileacquisition.com

Standard Mercantile Acquisition Corp is focused on monetizing its remaining mortgage assets and is seeking a target acquisition to enable its shareholders to participate in the potential future value of the company's public listing through a merger transaction with a private operating business.

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