Mag Mile Capital (Mag Mile Capital) LT-Debt-to-Total-Asset : 0.61 (As of Mar. 2024)

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What is Mag Mile Capital 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. Mag Mile Capital's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.61.

Mag Mile Capital's long-term debt to total assets ratio increased from Jan. 2023 (0.00) to Mar. 2024 (0.61). It may suggest that Mag Mile Capital is progressively becoming more dependent on debt to grow their business.

Mag Mile Capital LT-Debt-to-Total-Asset Historical Data

The historical data trend for Mag Mile Capital'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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Mag Mile Capital LT-Debt-to-Total-Asset Chart

Mag Mile Capital Annual Data

Trend

Jul21

Jul22

Dec23

LT-Debt-to-Total-Asset

0.56

Mag Mile Capital Quarterly Data
	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial						-	0.15	0.13	0.56	0.61

Mag Mile Capital LT-Debt-to-Total-Asset Calculation

Mag Mile Capital'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 )
	=	0.437	/	0.784
	=	0.56

Mag Mile Capital'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 )
	=	0.445	/	0.732
	=	0.61

Mag Mile Capital (OTCPK:MMCP) 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.

Mag Mile Capital LT-Debt-to-Total-Asset Related Terms

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Mag Mile Capital (Mag Mile Capital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Mag Mile Capital Inc (OTCPK:MMCP) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

7950 W. Sunset Boulevard, Suite 629, Los Angeles, CA, USA, 90046

Website

https://www.magmilecapital.com

Mag Mile Capital Inc is a full-service commercial real estate mortgage banking firm. Mag Mile Capital is a national platform comprised of capital markets experience in real estate bridge financing, mezzanine, and permanent debt placement and equity arrangements throughout the full capital stack and across all major real estate asset classes, including hotels, multifamily, office, retail, industrial, healthcare, self-storage and special purpose properties, offering access to structured debt and equity advisory solutions and placement for real estate investors, developers, and entrepreneurs, It leverages a wide variety of lending relationships and equity capital connections as a leading national real estate mortgage intermediary.

Mag Mile Capital (Mag Mile Capital) Headlines

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