Meikles (LSE:MIK) LT-Debt-to-Total-Asset : 0.04 (As of Aug. 2023)

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What is Meikles 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. Meikles's long-term debt to total assests ratio for the quarter that ended in Aug. 2023 was 0.04.

Meikles's long-term debt to total assets ratio declined from Mar. 2022 (0.04) to Aug. 2023 (0.04). It may suggest that Meikles is progressively becoming less dependent on debt to grow their business.

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

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

Meikles Annual Data

Trend

Dec08

Dec09

Mar11

Mar12

Mar19

Mar20

Mar21

LT-Debt-to-Total-Asset

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0.02

0.03

Meikles Semi-Annual Data
	Dec09	Mar11	Mar12	Sep12	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Aug23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial									0.03	0.03	0.04	0.03	0.04

Meikles LT-Debt-to-Total-Asset Calculation

Meikles's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2021 is calculated as

LT Debt to Total Assets (A: Mar. 2021 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2021 )	/	Total Assets (A: Mar. 2021 )
	=	2.862	/	93.663
	=	0.03

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

LT Debt to Total Assets (Q: Aug. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Aug. 2023 )	/	Total Assets (Q: Aug. 2023 )
	=	63.364	/	1459.862
	=	0.04

Meikles (LSE:MIK) 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.

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

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Meikles (LSE:MIK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Meikles Ltd (LSE:MIK) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

MEIK.ZW:Zimbabwe

Address

4 Steppes Road, Highlands, Harare, ZWE

Website

https://www.meiklesltd.com

Meikles Ltd is a Zimbabwe-based investment holding company. Its business segments include Supermarkets, Hotels, properties, and security guard operations. It is organized into two geographical segments, Zimbabwe, and non-Zimbabwe. The majority of its revenue is generated from the Supermarkets segment within Zimbabwe.