Micronet (XTAE:MCRNT) LT-Debt-to-Total-Asset : 0.02 (As of Dec. 2023)

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What is Micronet 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. Micronet's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.02.

Micronet's long-term debt to total assets ratio declined from Dec. 2022 (0.03) to Dec. 2023 (0.02). It may suggest that Micronet is progressively becoming less dependent on debt to grow their business.

Micronet LT-Debt-to-Total-Asset Historical Data

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

Micronet Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.08

0.02

0.03

0.02

Micronet Semi-Annual Data
	Dec13	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.03	0.03	0.03	0.02	0.02

Micronet LT-Debt-to-Total-Asset Calculation

Micronet'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 )
	=	0.651	/	27.085
	=	0.02

Micronet's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	0.651	/	27.085
	=	0.02

Micronet (XTAE:MCRNT) 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.

Micronet LT-Debt-to-Total-Asset Related Terms

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Micronet (XTAE:MCRNT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Micronet Ltd (XTAE:MCRNT) » Definitions » LT-Debt-to-Total-Asset

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Address

27, Hametzuda street, Azor, ISR, 5800171

Website

http://www.micronet.co.il

Micronet Ltd is engaged in the development, manufacturing and marketing of mobile computing platforms for integration into ?eet management and mobile workforce management solutions. It is an OEM vendor of mobile data terminals, supporting numerous fleet management, and mobile workforce management solutions and services in a variety of industries and vertical markets.

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