Mijem Newcomm Tech (XCNQ:MJEM) LT-Debt-to-Total-Asset : 0.00 (As of Jan. 2024)

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What is Mijem Newcomm Tech 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. Mijem Newcomm Tech's long-term debt to total assests ratio for the quarter that ended in Jan. 2024 was 0.00.

Mijem Newcomm Tech's long-term debt to total assets ratio stayed the same from Jan. 2023 (0.00) to Jan. 2024 (0.00).

Mijem Newcomm Tech LT-Debt-to-Total-Asset Historical Data

The historical data trend for Mijem Newcomm Tech'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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Mijem Newcomm Tech LT-Debt-to-Total-Asset Chart

Mijem Newcomm Tech Annual Data

Trend

Dec20

Jul21

Jul22

Jul23

LT-Debt-to-Total-Asset

0.49

0.24

Mijem Newcomm Tech Quarterly Data
	Oct20	Jun21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial							-	-	-	-	-

Mijem Newcomm Tech LT-Debt-to-Total-Asset Calculation

Mijem Newcomm Tech's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jul. 2023 is calculated as

LT Debt to Total Assets (A: Jul. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jul. 2023 )	/	Total Assets (A: Jul. 2023 )
	=	0	/	0.046
	=

Mijem Newcomm Tech's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jan. 2024 is calculated as

LT Debt to Total Assets (Q: Jan. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jan. 2024 )	/	Total Assets (Q: Jan. 2024 )
	=	0	/	0.02
	=

Mijem Newcomm Tech (XCNQ:MJEM) 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.

Mijem Newcomm Tech LT-Debt-to-Total-Asset Related Terms

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Mijem Newcomm Tech (XCNQ:MJEM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Mijem Newcomm Tech Inc (XCNQ:MJEM) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

50 Carroll St, Toronto, ON, CAN, M4M 3G3

Website

https://www.mijem.com

Mijem Newcomm Tech Inc is engaged in the development and monetization of online and mobile applications.

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