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Mirriad Advertising (Mirriad Advertising) LT-Debt-to-Total-Asset : 0.01 (As of Jun. 2023)


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What is Mirriad Advertising 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. Mirriad Advertising's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.01.

Mirriad Advertising's long-term debt to total assets ratio declined from Jun. 2022 (0.02) to Jun. 2023 (0.01). It may suggest that Mirriad Advertising is progressively becoming less dependent on debt to grow their business.

Mirriad Advertising LT-Debt-to-Total-Asset Historical Data

The historical data trend for Mirriad Advertising'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.

Mirriad Advertising LT-Debt-to-Total-Asset Chart

Mirriad Advertising Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial - 0.02 0.01 0.01 0.01

Mirriad Advertising Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 0.01 0.02 0.01 0.01

Mirriad Advertising LT-Debt-to-Total-Asset Calculation

Mirriad Advertising's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )=Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )/Total Assets (A: Dec. 2022 )
=0.252/17.991
=0.01

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

LT Debt to Total Assets (Q: Jun. 2023 )=Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )/Total Assets (Q: Jun. 2023 )
=0.139/16.025
=0.01

* 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.

Mirriad Advertising  (OTCPK:MMDDF) 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.

Mirriad Advertising LT-Debt-to-Total-Asset Related Terms

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Mirriad Advertising (Mirriad Advertising) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Mirriad Advertising PLC (OTCPK:MMDDF) » Definitions » LT-Debt-to-Total-Asset
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LSE:TMG LSE:JWNG LSE:GVMH LSE:SAL LSE:DNM LSE:SBDS LSE:MDZ LSE:ICON LSE:SYS1 LSE:NAH XPAR:PUB OMC SZSE:002027 IPG LSE:WPP TSE:4324 XPAR:DEC TSE:2433 SAU:4071 ZD
Traded in Other Exchanges
MIRI:UK 8WQ:Germany
Address
One London Wall, 6th Floor, London, GBR, EC2Y 5EB
Website
https://www.mirriad.com
Mirriad Advertising PLC provides an in-content advertising platform. Its artificial intelligence (AI) based platform is a solution for in-content advertising and virtual product placement. Geographically, it derives the majority of its revenue from the United States and has a presence in the UK, China, and other countries.