Merko Ehitus AS (FRA:MKS) LT-Debt-to-Total-Asset : 0.08 (As of Mar. 2024)

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What is Merko Ehitus AS 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. Merko Ehitus AS's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.08.

Merko Ehitus AS's long-term debt to total assets ratio increased from Mar. 2023 (0.07) to Mar. 2024 (0.08). It may suggest that Merko Ehitus AS is progressively becoming more dependent on debt to grow their business.

Merko Ehitus AS LT-Debt-to-Total-Asset Historical Data

The historical data trend for Merko Ehitus AS'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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Merko Ehitus AS LT-Debt-to-Total-Asset Chart

Merko Ehitus AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.15

0.06

0.13

0.11

0.08

Merko Ehitus AS Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	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															0.07	0.11	0.09	0.08	0.08

Merko Ehitus AS LT-Debt-to-Total-Asset Calculation

Merko Ehitus AS'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 )
	=	35.142	/	425.26
	=	0.08

Merko Ehitus AS'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 )
	=	35.882	/	426.114
	=	0.08

Merko Ehitus AS (FRA:MKS) 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.

Merko Ehitus AS LT-Debt-to-Total-Asset Related Terms

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Merko Ehitus AS (FRA:MKS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Merko Ehitus AS (FRA:MKS) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

MRK1T:Estonia

Address

Jarvevana tee 9G, Tallinn, EST, 11314

Website

https://www.group.merko.ee

Merko Ehitus AS is a construction company. It is engaged in the business of general contracting of construction and on providing complete solutions in professional construction and real estate development. The company operates under two reportable segments that are construction service and real estate development. Construction service contributes to the majority of the revenue. The firm operates mainly in Estonia, Lithuania, Latvia, and Norway.