McGrath (ASX:MEA) Debt-to-Asset : 0.15 (As of Dec. 2023)

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What is McGrath Debt-to-Asset?

McGrath's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$3.09 Mil. McGrath's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$9.67 Mil. McGrath's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was A$85.76 Mil. McGrath's debt to asset for the quarter that ended in Dec. 2023 was 0.15.

McGrath Debt-to-Asset Historical Data

The historical data trend for McGrath's Debt-to-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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McGrath Debt-to-Asset Chart

McGrath Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Asset

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0.30

0.23

0.17

0.12

McGrath Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial												0.19	0.17	-	0.12	0.15

Competitive Comparison of McGrath's Debt-to-Asset

For the Real Estate Services subindustry, McGrath's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

McGrath's Debt-to-Asset Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, McGrath's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where McGrath's Debt-to-Asset falls into.

McGrath Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

McGrath's Debt-to-Asset for the fiscal year that ended in Jun. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(3.781	+	6.368)	/	81.844
	=	0.12

McGrath's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(3.089	+	9.669)	/	85.763
	=	0.15

McGrath (ASX:MEA) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

McGrath Debt-to-Asset Related Terms

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McGrath (ASX:MEA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » McGrath Ltd (ASX:MEA) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

55 Pyrmont Street, Pyrmont, NSW, AUS, 2009

Website

https://www.mcgrath.com.au

McGrath Ltd is a real estate company. It provides a range of services including residential property sales, property management, mortgage broking, auction services, and career training. It operates in the following segments: Company owned sales; Company owned property management; Franchise services; and Other. Geographically, all the business activities of the group function through Australia. The majority of its revenue gets derived from Company owned sales segment that comprises company-owned sales offices for which McGrath earns sales commission revenue including property marketing fees paid by vendor clients.

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