Umax Group (Umax Group) LT-Debt-to-Total-Asset : 4.43 (As of Apr. 2018)

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What is Umax Group 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. Umax Group's long-term debt to total assests ratio for the quarter that ended in Apr. 2018 was 4.43.

Umax Group's long-term debt to total assets ratio increased from Apr. 2013 (0.00) to Apr. 2018 (4.43). It may suggest that Umax Group is progressively becoming more dependent on debt to grow their business.

Umax Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Umax Group'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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Umax Group LT-Debt-to-Total-Asset Chart

Umax Group Annual Data

Trend

Apr12

Apr13

Apr17

Apr18

LT-Debt-to-Total-Asset

0.27

4.43

Umax Group Semi-Annual Data
	Apr12	Apr13	Apr17	Apr18
LT-Debt-to-Total-Asset	-	-	0.27	4.43

Umax Group LT-Debt-to-Total-Asset Calculation

Umax Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Apr. 2018 is calculated as

LT Debt to Total Assets (A: Apr. 2018 )	=	Long-Term Debt & Capital Lease Obligation (A: Apr. 2018 )	/	Total Assets (A: Apr. 2018 )
	=	0.093	/	0.021
	=	4.43

Umax Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Apr. 2018 is calculated as

LT Debt to Total Assets (Q: Apr. 2018 )	=	Long-Term Debt & Capital Lease Obligation (Q: Apr. 2018 )	/	Total Assets (Q: Apr. 2018 )
	=	0.093	/	0.021
	=	4.43

Umax Group (OTCPK:UMAX) 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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Umax Group (Umax Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Umax Group Corp (OTCPK:UMAX) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

2020 Bay Street, Los Angeles, CA, USA, 90012

Website

https://www.umaxgrpcorp.com

Umax Group Corp is a media development company which is concentrated on producing its original content with the intent of selling that content to one of the many streaming companies such as Netflix, Hulu, Showtime, Disney plus etc. and having their own streaming platforms on website and YouTube channels.