Smart Good Things Holding (XPAR:MLSGT) LT-Debt-to-Total-Asset : 0.07 (As of Jun. 2023)

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What is Smart Good Things Holding 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. Smart Good Things Holding's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.07.

Smart Good Things Holding's long-term debt to total assets ratio increased from Jun. 2022 (0.00) to Jun. 2023 (0.07). It may suggest that Smart Good Things Holding is progressively becoming more dependent on debt to grow their business.

Smart Good Things Holding LT-Debt-to-Total-Asset Historical Data

The historical data trend for Smart Good Things Holding'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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Smart Good Things Holding LT-Debt-to-Total-Asset Chart

Smart Good Things Holding Annual Data

Trend

Dec21

Dec22

LT-Debt-to-Total-Asset

0.47

0.01

Smart Good Things Holding Semi-Annual Data
	Jun22	Dec22	Jun23
LT-Debt-to-Total-Asset	-	0.01	0.07

Smart Good Things Holding LT-Debt-to-Total-Asset Calculation

Smart Good Things Holding'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 )
	=	0.486	/	48.314
	=	0.01

Smart Good Things Holding'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 )
	=	4.808	/	66.08
	=	0.07

Smart Good Things Holding (XPAR:MLSGT) 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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Smart Good Things Holding (XPAR:MLSGT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Smart Good Things Holding SA (XPAR:MLSGT) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

4 Rue Bernard Palissy, Puteaux-la-Defense, FRA, 92800

Website

https://smartgoodthings.com

Smart Good Things Holding SA is a holding company organized mainly around two business segments namely production of powdered preparations for nutritional instant drinks and development of a concierge service platform dedicated to the elderly: a platform offering services related to assistance in the small daily tasks, food shopping, support in the daily procedures.

Smart Good Things Holding (XPAR:MLSGT) Headlines

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