Michlol Finance (XTAE:MCLL) LT-Debt-to-Total-Asset : 0.74 (As of Mar. 2024)

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What is Michlol Finance 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. Michlol Finance's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.74.

Michlol Finance's long-term debt to total assets ratio increased from Mar. 2023 (0.73) to Mar. 2024 (0.74). It may suggest that Michlol Finance is progressively becoming more dependent on debt to grow their business.

Michlol Finance LT-Debt-to-Total-Asset Historical Data

The historical data trend for Michlol Finance'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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Michlol Finance LT-Debt-to-Total-Asset Chart

Michlol Finance Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.67

0.66

0.76

0.72

Michlol Finance Quarterly Data
	Dec19	Mar20	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												0.73	0.70	0.71	0.72	0.74

Michlol Finance LT-Debt-to-Total-Asset Calculation

Michlol Finance's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	1166.526	/	1613.237
	=	0.72

Michlol Finance'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 )
	=	1184.453	/	1602.55
	=	0.74

Michlol Finance (XTAE:MCLL) 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.

Michlol Finance LT-Debt-to-Total-Asset Related Terms

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Michlol Finance (XTAE:MCLL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Michlol Finance Ltd (XTAE:MCLL) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Masada 7, BSR 4, 17th Floor, Bnei Brak, ISR

Website

https://www.michlol-fin.co.il

Michlol Finance Ltd is a non-bank credit company that provides financing with closed support to entrepreneurs and construction companies.

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