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BMIT Technologies (MAL:BMIT) LT-Debt-to-Total-Asset : 0.62 (As of Dec. 2023)


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What is BMIT Technologies 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. BMIT Technologies's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.62.

BMIT Technologies's long-term debt to total assets ratio increased from Dec. 2022 (0.23) to Dec. 2023 (0.62). It may suggest that BMIT Technologies is progressively becoming more dependent on debt to grow their business.


BMIT Technologies LT-Debt-to-Total-Asset Historical Data

The historical data trend for BMIT Technologies'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.

* Premium members only.

BMIT Technologies LT-Debt-to-Total-Asset Chart

BMIT Technologies Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial 0.17 0.26 0.24 0.23 0.62

BMIT Technologies Semi-Annual Data
Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.24 0.25 0.23 0.23 0.62

BMIT Technologies LT-Debt-to-Total-Asset Calculation

BMIT Technologies'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 )
=49.707/80.651
=0.62

BMIT Technologies'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 )
=49.707/80.651
=0.62

* 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.


BMIT Technologies  (MAL:BMIT) 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.


BMIT Technologies LT-Debt-to-Total-Asset Related Terms

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BMIT Technologies (MAL:BMIT) Business Description

Traded in Other Exchanges
N/A
Address
Building SCM 02, Level 2, SmartCity Ricasoli, SCM, Kalkara, MLT, 1001
BMIT Technologies PLC, through its subsidiaries, is involved in providing data center services, Information and Communication Technologies, Cloud services, and Infrastructure and support services among others. The company serves services to various industries including online gaming, financial services, ICT, manufacturing, media, transportation, retail, and hospitality. The Group's revenues are derived predominantly from operations carried out in Malta. However, it also derives revenue from companies operating out of Malta.

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