MicroSalt (LSE:SALT) Debt-to-Asset : 0.97 (As of Jun. 2023)

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What is MicroSalt Debt-to-Asset?

MicroSalt's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was £0.00 Mil. MicroSalt's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was £1.10 Mil. MicroSalt's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2023 was £1.13 Mil. MicroSalt's debt to asset for the quarter that ended in Jun. 2023 was 0.97.

MicroSalt Debt-to-Asset Historical Data

The historical data trend for MicroSalt'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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MicroSalt Debt-to-Asset Chart

MicroSalt Annual Data

Trend

Dec20

Dec21

Dec22

Debt-to-Asset

0.84

2.01

0.26

MicroSalt Quarterly Data
	Dec20	Dec21	Jun22	Dec22	Jun23
Debt-to-Asset	0.84	2.01	-	0.26	0.97

Competitive Comparison of MicroSalt's Debt-to-Asset

For the Packaged Foods subindustry, MicroSalt'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.

MicroSalt's Debt-to-Asset Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, MicroSalt's Debt-to-Asset distribution charts can be found below:

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

MicroSalt Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

MicroSalt's Debt-to-Asset for the fiscal year that ended in Dec. 2022 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0	+	0.14)	/	0.548
	=	0.26

MicroSalt's Debt-to-Asset for the quarter 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
	=	(0	+	1.095)	/	1.13
	=	0.97

MicroSalt (LSE:SALT) 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.

MicroSalt Debt-to-Asset Related Terms

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MicroSalt (LSE:SALT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » MicroSalt PLC (LSE:SALT) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

12 New Fetter Lane, London, GBR, EC4A 1JP

Website

https://www.microsaltinc.com

MicroSalt Plc is a company that has developed a patent protected and scalable manufacturing process that produces a salt crystal that is approximately hundred times smaller than traditional salt, with an average size of less than twenty microns. It allows consumers to reduce their sodium intake by half without compromising on flavor.

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